Fifth Allonge to $2,000,000 Commercial Promissory Note by Sonesta International Hotels Corporation

Contract Categories: Business Finance › Note Agreements
Summary

Sonesta International Hotels Corporation, as the borrower, issues this Fifth Allonge to amend its $2,000,000 Commercial Promissory Note dated September 29, 2000. The amendment changes the note's maturity terms so that the loan is now payable on demand, rather than at a fixed maturity date. All other terms of the original note remain in effect, and the borrower reaffirms its obligations under the amended note.

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EX-10.5(B) 6 a2154900zex-10_5b.txt EXHIBIT 10.5(B) Exhibit 10.5(b) SONESTA INTERNATIONAL HOTELS CORPORATION (the "Borrower") Fifth Allonge to $2,000,000 Commercial Promissory Note dated September 29, 2000 (the "Note") Boston, Massachusetts December 31, 2004 1. Change to Demand Facility. As used in the Note, references to "Maturity," "at Maturity" and "at the Maturity of the Note" are hereby amended to read "ON DEMAND." THIS ALLONGE IS MADE AND DELIVERED by the Borrower and shall be a part of the Note. The Note referred to above, as amended hereby, is hereby reaffirmed by the Borrower. SONESTA INTERNATIONAL HOTELS CORPORATION By: /S/ -------------------------------- Peter J. Sonnabend Vice Chairman 64