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REPLACEMENT REVOLVING LOAN NOTE

Revolving Credit Agreement

REPLACEMENT REVOLVING LOAN NOTE | Document Parties: AIRNET SYSTEMS INC You are currently viewing:
This Revolving Credit Agreement involves

AIRNET SYSTEMS INC

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Title: REPLACEMENT REVOLVING LOAN NOTE
Date: 3/31/2005
Industry: Air Courier     Sector: Transportation

REPLACEMENT REVOLVING LOAN NOTE, Parties: airnet systems inc
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EXHIBIT 4.43

 

REPLACEMENT REVOLVING LOAN NOTE

 

March 24, 2005

 

$11,250,000

 

AirNet Systems, Inc., an Ohio corporation (the “Borrower”), promises to pay to the order of Bank One, N.A. (the “Lender”) the principal sum of $11,250,000, or such lesser amount as shall equal the unpaid principal amount of each Revolving Loan made by the Lender to the Borrower pursuant to Article II of the Agreement (as hereinafter defined), in immediately available funds at the main office of The Huntington National Bank in Columbus, Ohio, as Administrative Agent, together with interest thereon at the rate or rates set forth in the Agreement.  The Borrower shall pay the principal of and accrued and unpaid interest on such Revolving Loans as set forth in the Agreement.

 

The Lender shall, and is hereby authorized to, record by entries made by the Lender into its electronic data processing system and/or internal memoranda maintained by the Lender, or to otherwise record in accordance with its usual practice, the date and amount of each such Revolving Loan and the date and amount of each principal and interest payment hereunder.  The Borrower agrees that the sum or sums shown on such schedule, the most recent printout from the Lender’s electronic data processing system and/or such memoranda shall be rebuttably presumptive evidence of the amount of the outstanding principal, interest or any other amount due under this Note; provided, however , that the failure of the Lender to make any such entry(s) shall not affect the obligation of the Borrower to repay outstanding principal, interest or any other amount due under this Note in accordance with the terms hereof.

 

This Note is one of the Notes issued pursuant to, and is entitled to the benefits of, the Amended and Restated Credit Agreement dated as of May 28, 2004, as amended by that certain Change in Terms Agreement dated November 12, 2004, by that certain Second Change in Terms Agreement, dated of even date herewith (the “Second Change in TermsR


 
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