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FORM OF SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN NOTE

Revolving Credit Agreement

FORM OF SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN NOTE | Document Parties: GOLDLEAF FINANCIAL SOLUTIONS, INC You are currently viewing:
This Revolving Credit Agreement involves

GOLDLEAF FINANCIAL SOLUTIONS, INC

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Title: FORM OF SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN NOTE
Date: 12/6/2006
Industry: Business Services     Sector: Services

FORM OF SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN NOTE, Parties: goldleaf financial solutions  inc
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EXHIBIT 10.2

FORM OF SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN NOTE

 

[$______________]

November __, 2006



          FOR VALUE RECEIVED , the undersigned, GOLDLEAF FINANCIAL SOLUTIONS, INC., a Tennessee corporation (the " Borrower "), promises to pay to the order of [LENDER]. (hereinafter, together with its successors and assigns, the " Lender "), at the office of the Administrative Agent or such other place as the Administrative Agent may designate in writing to the Borrower, the principal sum of $__________ DOLLARS ($__________) of United States funds, or, if less, so much thereof as may from time to time be advanced by the Lender to the Borrower hereunder, plus interest as hereinafter provided.  Such advances may be endorsed from time to time on the grid attached hereto, but the failure to make such notations shall not affect the validity of the Borrower’s obligations to repay unpaid principal and interest hereunder.

          All capitalized terms used herein shall have the meanings ascribed to them in that certain Second Amended and Restated Credit Agreement dated as of November __, 2006 (as the same has been or may be amended, modified, restated or supplemented from time to time, the " Credit Agreement ") among the Borrower, the Lender, the other Lenders party thereto from time to time and the Administrative Agent, except to the extent such capitalized terms are otherwise defined or limited herein.

          THIS SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN NOTE IS ISSUED UNDER THE CREDIT AGREEMENT AND AMENDS, RESTATES, COMBINES AND CONSOLIDATES CERTAIN INDEBTEDNESS UNDER THE EXISTING CREDIT AGREEMENT AS OF THE DATE HEREOF.  AS SUCH, THIS SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN NOTE CONTINUES TO EVIDENCE SUCH INDEBTEDNESS AND SHALL NOT CONSTITUTE OR EVIDENCE PAYMENT FOR OR A NOVATION OF SUCH INDEBTEDNESS.

          The principal amount of the Revolving Credit Loans evidenced by this Second Amended and Restated Revolving Credit Loan Note shall be paid in such amounts and at such times as are set forth in the Credit Agreement.  The Borrower shall also repay principal outstanding hereunder from time to time, as necessary, in order to comply with the Credit Agreement.  All amounts paid by the Borrower shall be applied to the Obligations in such order of application as provided in the Credit Agreement.

          A final payment of all principal amounts and other Obligations then outstanding hereunder shall be due and payable as provided in the Credit Agreement on the Revolving Credit Maturity Date.

          The Borrower shall be entitled to borrow, repay, reborrow, continue and convert the Lender’s portion of the Revolving Credit Loans hereunder pursuant to the terms and conditions of the Credit Agreement.

          The Borrower hereby promises to pay interest on the unpaid principal amount hereof as provided in


 
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