Exhibit 4.02 (b)
AMENDED AND RESTATED REVOLVING
NOTE
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U.S.
$7,250,000
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Dated: December 15, 2003
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FOR VALUE RECEIVED, the undersigned,
OCCUPATIONAL HEALTH + REHABILITATION INC, a Delaware
corporation ( “OHR” ), CM OCCUPATIONAL
HEALTH, LIMITED LIABILITY COMPANY , a Maine limited liability
company ( “CM” ), and OHR-SSM, LLC , a
Missouri limited liability company ( “OHR-SSM” ;
together with OHR and CM, individually and collectively, the
“ Borrower ”), hereby promises to pay to
CAPITALSOURCE FINANCE LLC (the “ Lender
”) the unpaid principal amount of all Advances made by Lender
to Borrower under the Revolving Facility, with interest thereon,
and all other Obligations under the Loan and Security Agreement,
dated as of December 15, 2000, as amended by Amendment No. 1 to
Loan and Security Agreement, dated July 19, 2002, Amendment No. 2
to Loan and Security Agreement, dated as of March 18, 2002, and the
Amended and Restated Revolving Credit and Security Agreement dated
as of the date hereof between Borrower and Lender as
successor-in-interest to DVI Business Credit Corporation (“
DVI ”) or DVI (as it may be amended, supplemented or
otherwise modified from time to time, the “ Loan
Agreement ”), all at the times and in the manner set
forth in the Loan Agreement. Capitalized terms used but not defined
herein shall have the meanings given them in the Loan Agreement.
This Amended and Restated Revolving Note shall hereinafter be
referred to as the “Note” .
1. Interest and Payments
.
(a) Subject to the limitations set
forth herein, Borrower promises to pay interest on the outstanding
principal amount of the Revolving Facility from the date of any
Advance under the Revolving Facility until such principal amount is
irrevocably paid in full in cash. Interest on outstanding Advances
under the Revolving Facility shall be due and payable monthly in
arrears on the first Business Day of each calendar month,
commencing January 1, 2004, at an annual rate of the Prime Rate
plus 1.0%, provided, however, that, notwithstanding any other
provision of this Note, the Loan Agreement or any other Loan
Document, for the purpose of calculating interest hereunder, the
Prime Rate shall be not less than 4.0%, in each case calculated on
the basis of a 360-day year and for the actual number of calendar
days elapsed in each interest calculation period.
(b) Payments of interest and other
Obligations shall be made, when due, by the application of funds
advanced under the Revolving Facility in accordance with the
provisions of the Loan Agreement. Any payments of principal or
interest or other amounts on or payments under this Note not paid
automatically as provided in the Loan Agreement shall be paid to
Lender only by wire transfer on the date when due, without any
deduction whatsoever, including any deduction for any setoff or
counterclaim, in U.S. Dollars in immediately available funds as
required in the Loan Agreement. Notwithstanding and without
limiting or being limited by any other provision of this Note, any
payments or prepayments received under this Note shall be credited
and applied in accordance with the provisions of the Loan
Agreement.
2. Maturity
.
Unless earlier due and payable or
accelerated under the Loan Agreement, this Note shall mature, and
the outstanding principal balance hereunder and other Obligations,
together with all other outstanding amounts due hereunder and under
the Loan Agreement, shall become due and payable in full
on the earlier of (a) the occurrence
of an Event of Default if so required pursuant to the Loan
Agreement or Lender’s demand upon an Event of Default, and
(b) the last day of the Term.
3. Default Rate
.
Upon the occurrence of an Event of
Default and during the continuation thereof, the Applicable Rate of
interest in effect at such time with respect to the Obligations
shall be increased by 4.0% per annum.
4. Loan Agreement and Security
Agreement .
(a) This Note is referred to in,
made pursuant to, and entitled to the benefits of, the Loan
Agreement. The Loan Agreement, among other things, (i) provides for
the making of the Revolving Facility by Lender to Borrower in the
Dollar amount first mentioned above, (ii) contains provisions for
acceleration of the maturity hereof upon the happening of certain
stated events upon the terms and conditions therein specified, and
(iii) contains provisions defining an Event of Default and the
rights and remedies of Lender upon the occurrence of an Event of
Default.
(b) This Note is a secured note,
entitled to the benefits of and security interests granted in,
among other things, the Loan Agreement and the other Security
Documents.
5. Prepayments.
This Note may be prepaid in whole or
in part upon notice to Lender and shall be prepaid in whole, in
each case as provided or required in the Loan Agreement and upon
payment of all fees and other Obligations set forth therein. No
payment or prepayment of any amount shall entitle any Person to be
subrogated to the rights of Lender hereunder or under the Loan
Agreement unless and until the Obligations have been performed in
full and paid irrevocably in full in cash and the Loan Agreement
has been terminated.
6. Payments Due on a Day other
than a Business Day. If any payment to be made on or under this Note
is stated to be due or becomes due and payable on a day other than
a Business Day, the due date thereof shall be extended to, and such
payment shall be made on, the next succeeding Business Day, and
such extension of time in such case shall be included in the
computation of payment of any interest (at the interest rate then
in effect during such extension) and/or fees, as the