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REVOLVING CREDIT NOTE

Promissory Note

REVOLVING CREDIT NOTE | Document Parties: AYIN TOWER MANAGEMENT SERVICES, INC | NEW STREAM COMMERCIAL FINANCE, LLC You are currently viewing:
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AYIN TOWER MANAGEMENT SERVICES, INC | NEW STREAM COMMERCIAL FINANCE, LLC

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Title: REVOLVING CREDIT NOTE
Governing Law: Connecticut     Date: 11/17/2006

REVOLVING CREDIT NOTE, Parties: ayin tower management services  inc , new stream commercial finance  llc
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EXHIBIT 10.3

REVOLVING CREDIT NOTE

$14,000,000

November 8, 2006

 

Ridgefield, Connecticut

 

FOR VALUE RECEIVED, AYIN TOWER MANAGEMENT SERVICES , INC. , a Texas corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of NEW STREAM COMMERCIAL FINANCE, LLC , a Delaware limited liability company (“Lender”), as Lender under the Loan Agreement (as hereinafter defined), at Lender’s chief executive office at 38C Grove Street, Ridgefield, Connecticut 06877, or at such other place as Lender may designate from time to time in writing, in lawful money of the United States of America and in immediately available funds, the amount of FOURTEEN MILLION DOLLARS AND NO CENTS ($14,000,000) or, if less, the aggregate unpaid amount of all Revolving Credit Advances made to the Borrower under the Loan Agreement.  All capitalized terms used but not otherwise defined herein have the meanings given to them in the Loan Agreement or in Annex A thereto.

This Revolving Note (a) is the Revolving Credit Note issued pursuant to that certain Loan and Security Agreement dated as of the date hereof by and among Borrower, Lender and the other Persons signatory thereto from time to time as Credit Parties (including all annexes, exhibits and schedules thereto, and as from time to time amended, restated, supplemented or otherwise modified, the “Loan Agreement”), and (b) is entitled to the benefit and security of the Loan Agreement and all of the other Loan Docume


 
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