Exhibit 10.2
REVOLVING NOTE
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$15,000,000.00
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November 21, 2008
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FOR VALUE RECEIVED, the undersigned, ANCHOR
FUNDING SERVICES, LLC , a North Carolina limited liability
company ("Borrower"), hereby unconditionally promises to pay to the
order of TEXTRON FINANCIAL CORPORATION (herein, together
with any subsequent holder hereof, the "Holder") the principal sum
of FIFTEEN MILLION AND NO/100 DOLLARS ($15,000,000) or such lesser
sum as may constitute Holder's Pro Rata Share of the outstanding
principal amount of all Loans pursuant to (and as defined in) the
Loan Agreement (as defined below) on the date on which such
outstanding principal amounts become due and payable pursuant to
the Loan Agreement, in strict accordance with the terms
thereof. Borrower likewise unconditionally promises to
pay to Holder interest from and after the date hereof on Holder's
Pro Rata Share of the outstanding principal amount of Loans at such
interest rates, payable at such times, and computed in such manner
as are specified in Section 1.3 of the Loan Agreement, in
strict accordance with the terms thereof.
This Revolving Note ("Note") is issued pursuant
to, and is one of the "Revolving Notes" referred to in, the Loan
and Security Agreement dated of even date herewith (as at any time
amended, restated, supplemented or otherwise modified, the "Loan
Agreement"), among Borrower, Textron Financial Corporation, as
collateral and administrative agent (in such capacity, together
with its successors in such capacity, the "Agent") for itself and
the financial institutions from time to time parties thereto as
lenders ("Lenders"), and such Lenders, and Holder is and shall be
entitled to all benefits thereof and of all Loan Documents executed
and delivered in connection therewith. This Note is
subject to certain restrictions on transfer or assignment as
provided in the Loan Agreement. All capitalized terms
used herein, unless otherwise defined herein, shall have the
meanings ascribed to such terms in the Loan Agreement.
The repayment of the principal balance of this
Note is subject to the provisions of the Loan
Agreement. The entire unpaid principal balance and all
accrued interest on this Note shall be due and payable
immediately upon the termination of the Commitments as set forth in
Section 1.6 of the Loan Agreement.
All payments of principal and interest shall be
made in Dollars in immediately available funds as specified in
the Loan Agreement.
Upon or after the occurrence of an Event of
Default and for so long as such Event of Default exists, the
principal balance and all accr
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