REVOLVING LOAN NOTE

EX-10.1.2 3 s104708_ex10-1x2.htm EXHIBIT 10.1.2

 

EXHIBIT 10.1.2

 

REVOLVING LOAN NOTE

 

USD$5,000,000 November 14, 2016

 

FOR VALUE RECEIVED, the undersigned hereby promises to pay to the order of East West Bank (the “Revolving Loan Lender”), on the Maturity Date (as defined in the Credit Agreement referred to below) the principal amount of FIVE MILLION DOLLARS AND 00/100 (USD $5,000,000), or such lesser principal amount of the Revolving Loan (as defined in the Credit Agreement referred to below) payable by Borrower to Revolving Loan Lender on such Maturity Date under that certain Credit Agreement, dated as of November 14, 2016, by and among Fusion NBS Acquisition Corp., a Delaware corporation (“Borrower”), East West Bank (“EWB”), as Administrative Agent, Swingline Lender, an Issuing Bank, and a Lender, and each other Lender from time to time party thereto (as amended, restated, extended, supplemented or otherwise modified in writing from time to time (the “Credit Agreement”). Capitalized terms used herein without definition shall have the meanings ascribed to them in the Credit Agreement.

 

Borrower shall make such prepayments on this Revolving Loan Note as are required by Sections 2.13 and 2.14 of the Credit Agreement.

 

Borrower promises to pay interest on the unpaid principal amount of each Revolving Loan from the date such Revolving Loan until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement.

 

All payments of principal and interest shall be made to Revolving Loan Lender for the account of Revolving Loan Lender in Dollars in immediately available funds at Revolving Loan Lender’s payment office or at such other address as the Revolving Loan Lender may, from time to time, designate in writing.

 

If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the Default Rate.

 

This Revolving Loan Note is one of the “Notes” referred to in the Credit Agreement. Reference is hereby made to the Credit Agreement for rights and obligations of payment and prepayment, Events of Default and the right of Administrative Agent to accelerate the maturity hereof upon the occurrence of such Events of Default. The Revolving Loans shall be evidenced by one or more loan accounts or records maintained by Revolving Loan Lender in the ordinary course of business. Revolving Loan Lender may also attach schedules to this Revolving Loan Note and endorse thereon the date, amount and maturity of the Revolving Loans and payments with respect thereto.

 

   

 

 

Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Revolving Loan Note.

 

Borrower agrees to pay all reasonable collection expenses, court costs and Attorney Costs (whether or not litigation is commenced) which may be incurred by Revolving Loan Lender in connection with the collection or enforcement of this Revolving Loan Note.

 

THIS REVOLVING LOAN NOTE SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO CONFLICTS OF LAW PRINCIPLES.

  

[signature page follows]

 

   

 

 

  FUSION NBS ACQUISITION CORP., a
  Delaware corporation, as the Borrower
   
  By:  
  Name: Gordon Hutchins, Jr.
  Title: President and Chief Operating Officer

 

   

 

 

LOANS AND PAYMENTS WITH RESPECT THERETO

 


Date
 
End of Interest
Period
  Amount of
Principal of
Interest Paid
This Date
 
Outstanding
Principal
Balance This
Date
 
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