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FORM OF REVOLVING NOTE

Revolving Credit Agreement

FORM OF REVOLVING NOTE | Document Parties: Woodcraft Industries, Inc | WII COMPONENTS, INC You are currently viewing:
This Revolving Credit Agreement involves

Woodcraft Industries, Inc | WII COMPONENTS, INC

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Title: FORM OF REVOLVING NOTE
Date: 5/14/2004

FORM OF REVOLVING NOTE, Parties: woodcraft industries  inc , wii components  inc
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                                                                    Exhibit 10.9

 

 

 

                             FORM OF REVOLVING NOTE

 

$25,000,000.00                                                 February ___, 2004

                                                                Chicago, Illinois

 

     FOR VALUE RECEIVED, the undersigned, WII COMPONENTS, INC., a Delaware

corporation (the "Borrower"), hereby unconditionally promises to pay to the

order of ANTARES CAPITAL CORPORATION, a Delaware corporation ("Lender"), at

Agent's office at 311 South Wacker Drive, Suite 6400 Chicago, Illinois 60606, or

at such other place as the Agent may from time to time designate in writing, in

lawful money of the United States of America and in immediately available funds,

the principal sum of TWENTY FIVE MILLION AND NO/100 DOLLARS ($25,000,000.00),

or, if less, the aggregate unpaid principal amount of all advances made pursuant

to subsection 1.1(b) of the "Credit Agreement" (as hereinafter defined), at such

times as are specified in, and in accordance with the provisions of, the Credit

Agreement. This Revolving Note is referred to in and was executed and delivered

pursuant to that certain Credit Agreement dated as of February 18, 2004 (the

"Credit Agreement") among the Borrower, Antares Capital Corporation, a Delaware

corporation, as Agent for the benefit of all Lenders, and the Lenders who are

parties thereto, to which reference is hereby made for a statement of the terms

and conditions under which the Revolving Loan evidenced hereby was made and is

to be repaid. All terms which are capitalized and used herein (which are not

otherwise specifically defined herein) and which are defined in the Credit

Agreement shall be used in this Revolving Note as defined in the Credit

Agreement. This Revolving Note is secured by the Collateral.

 

     The Borrower further promises to pay interest on the outstanding unpaid

principal amount hereof, as provided in the Credit Agreement, from the date

hereof until payment in full hereof at the applicable rate specified in

subsection 1.3(a) of the Credit Agreement; PROVIDED, HOWEVER, that if Agent or

Required Lenders so elect, following the occurrence and during the continuance

of an Event of Default, the Borrower promises to pay to Lender interest on the

unpaid principal amount hereof at the applicable rate specified in subsection

1.3(c) of the Credit Agreement. Interest shall be payable in arrears on the

dat


 
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