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REVOLVING CREDIT NOTE

Promissory Note

REVOLVING CREDIT NOTE | Document Parties: MICROFINANCIAL INC | Sovereign Bank | TIMEPAYMENT CORP You are currently viewing:
This Promissory Note involves

MICROFINANCIAL INC | Sovereign Bank | TIMEPAYMENT CORP

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Title: REVOLVING CREDIT NOTE
Governing Law: Massachusetts     Date: 3/31/2009
Industry: Rental and Leasing     Sector: Services

REVOLVING CREDIT NOTE, Parties: microfinancial inc , sovereign bank , timepayment corp
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Exhibit 10.14.15

REVOLVING CREDIT NOTE

 

 

 

     $22,500,000.00

 

July 9, 2008

     FOR VALUE RECEIVED, the undersigned (the “ Borrower ”), absolutely and unconditionally promises to pay to the order of Sovereign. (“ Payee ”) at the office of Sovereign Bank, as Agent, at 75 State Street, Boston, Massachusetts 02109:

          (a) on the Maturity Date, the principal amount of TWENTY TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($22,500,000.00) or, if less, the aggregate unpaid principal amount of Revolving Credit Loans owing to the Payee pursuant to the Amended and Restated Credit Agreement of even date herewith, (as amended, restated or supplemented from time to time, (the “ Credit Agreement ”), by and among the Borrower and the Lenders; and

          (b) interest on the principal balance hereof from time to time outstanding from the date hereof through and including the date on which such interest is computed pursuant to the Credit Agreement, at the times and at the rates provided in the Credit Agreement.

     This Note evidences borrowings under, is subject to the terms and conditions of and has been issued by the


 
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