Promissory Note between LECG, LLC and The Northern Trust Company (December 15, 2006)
LECG, LLC promises to repay The Northern Trust Company up to $10,000,000, plus interest, under the terms of a Credit Agreement dated December 15, 2006. Payments are to be made in U.S. dollars at LaSalle Bank in Chicago. The note is governed by Illinois law and is subject to the terms and repayment schedule set out in the referenced Credit Agreement. This document formalizes LECG, LLC's obligation to repay loans made by the lender.
EXHIBIT 10.75
NOTE
December 15, 2006 | |
$10,000,000.00 | Chicago, Illinois |
The undersigned, for value received, promises to pay to the order of The Northern Trust Company (the Lender) at the principal office of LaSalle Bank National Association (the Administrative Agent) in Chicago, Illinois the aggregate unpaid amount of all Loans made to the undersigned by the Lender pursuant to the Credit Agreement referred to below (as shown on the schedule attached hereto (and any continuation thereof) or in the records of the Lender), such principal amount to be payable on the dates set forth in the Credit Agreement.
The undersigned further promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such Loan is paid in full, payable at the rate(s) and at the time(s) set forth in the Credit Agreement. Payments of both principal and interest are to be made in lawful money of the United States of America.
This Note evidences indebtedness incurred under, and is subject to the terms and provisions of, the Second Amended and Restated Credit Agreement, dated as of December 15, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the Credit Agreement; terms not otherwise defined herein are used herein as defined in the Credit Agreement), among the undersigned, certain financial institutions (including the Lender) and the Administrative Agent, to which Credit Agreement reference is hereby made for a statement of the terms and provisions under which this Note may or must be paid prior to its due date or its due date accelerated.
[Signature page to Note]
This Note is made under and governed by the laws of the State of Illinois applicable to contracts made and to be performed entirely within such State.
LECG, LLC | ||
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| By: | /s/ JOHN C. BURKE |
| Title: | Chief Financial Officer |
[Signature page to Note]