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REVOLVING CREDIT NOTE

Promissory Note

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

MICROFINANCIAL INC | Sovereign Bank | TIMEPAYMENT CORP | Wells Fargo Bank, National Association

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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 , wells fargo bank  national association
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Exhibit 10.14.19

REVOLVING CREDIT NOTE

 

 

 

     $20,000,000.00

 

February 10, 2009

     FOR VALUE RECEIVED, the undersigned (the “ Borrower ”), absolutely and unconditionally promises to pay to the order of Wells Fargo Bank, National Association, acting through its Wells Fargo Business Credit operating division (“ 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 MILLION DOLLARS ($20,000,000.00) or, if less, the aggregate unpaid principal amount of Revolving Credit Loans owing to the Payee pursuant to the Amended and Restated Credit Agreement dated as of July 9, 2008, as amended, (as further 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


 
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