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REVOLVING CREDIT NOTE

Revolving Credit Agreement

REVOLVING CREDIT NOTE

 | Document Parties: OVERSTOCK.COM, INC | Wells Fargo Retail Finance, LLC You are currently viewing:
This Revolving Credit Agreement involves

OVERSTOCK.COM, INC | Wells Fargo Retail Finance, LLC

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Title: REVOLVING CREDIT NOTE
Governing Law: Massachusetts     Date: 12/15/2005
Industry: Retail (Catalog and Mail Order)     Sector: Services

REVOLVING CREDIT NOTE

, Parties: overstock.com  inc , wells fargo retail finance  llc
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Exhibit 10.2

 

REVOLVING CREDIT NOTE

 

$40,000,000.00

 

Boston, Massachusetts

 

 

December 12, 2005

 

FOR VALUE RECEIVED, the undersigned (the “Borrower”) promises to pay to the order of Wells Fargo Retail Finance, LLC (with any subsequent holder, the “Lender”), One Boston Place, 19th Floor, Boston, Massachusetts 02108, the maximum principal sum of Forty Million and 00/100 Dollars ($40,000,000.00) or, if less, the aggregate unpaid principal balance of loans and advances made by the Lender to or for the account of the Borrower pursuant to the revolving credit established pursuant to the Loan and Security Agreement dated of even date herewith (as such may be amended, modified, supplemented or restated hereafter, the “Loan Agreement”) by and between the Borrower and the Lender, with interest at the rate and payable in the manner stated therein.

 

This “Revolving Credit Note” is subject to all terms and provisions of the Loan Agreement.  The principal of, and interest on, this Revolving Credit Note shall be payable as provided in the Loan Agreement and shall be subject to acceleration as provided therein.  Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Loan Agreement.

 

The Lender’s books and records concerning loans and advances pursuant to the Loan Agreement, the accrual of interest thereon, and the repayment of such loans and advances, shall be prima facie evidence of the indebtedness hereunder.

 

No delay or omission by the Lender in exercising or enforcing any of the Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion.  No waiver of any default hereunder shall operate as a waiver of any other default hereunder, nor as a continuing waiver.

 

The Borrower, and each endorser and guarantor of this Revolving Credit Note, waives presentment, deman


 
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