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"Loan Loss Reserve"has the meaning assigned in the Support Agreement. <br /> "Net Cash Proceeds"means, for any month, (a) all income, revenues,proceeds and <br /> payments received during that month by or on behalf of the Company as holder of any <br /> Program Loan, including principal payments, interest (but only to the extent of interest at <br /> the Prime Rate), penalties, and late charges, p1m (b) all amounts deposited in the <br /> Company Loan Loss Account which become immediately available funds to the <br /> Company in that month. <br /> "North Carolina Uniform Commercial Code" means the version of the Uniform <br /> Commercial Code as from time to time in effect in North Carolina (currently, Chapter 25 <br /> of the North Carolina General Statutes). <br /> "Note" means any of the promissory notes executed by the Company, substantially <br /> in the form of Exhibit A, dated of even date with this Agreement and payable to the order <br /> of each of the Banks up to the amount of each Bank's Loan Commitment. <br /> "Percentage Share" means, with respect to each Bank, the ratio of such Bank's <br /> Loan Commitment to the aggregate of all Banks' Loan Commitments, expressed as a <br /> percentage. Schedule 1 sets forth the initial Percentage Share for each Bank. <br /> "Prime Rate" means the interest rates so denominated and set by the Banks in their <br /> respective discretion as their"Prime Rates," as in effect from time to time, <br /> "Program Loan" has the meaning assigned in the Support Agreement. <br /> "Program Loan Documents" means all documents evidencing Program Loans and <br /> evidencing or representing the security thereof or, including, but not limited to, notes, <br /> security agreements, deeds of trust, assignments, and guarantees, and any modifications, <br /> amendments, renewals and extensions thereof. <br /> "Security Agreement" means any of the security agreements executed by the <br /> Company, in substantially the form of Exhibit B, dated of even date with this Agreement <br /> and made in favor of each of the Banks, granting each Bank a first-priority security <br /> interest to the extent of each Bank's Loan Commitment in the collateral described therein. <br /> "Support Agreement" means the Small Business Loan Program Support <br /> Agreement dated as of March , 2000, between the County and the Company. <br /> "Uncovered Loan Loss means the amount of any Loan Loss I= amounts paid <br /> with respect to that Loan Loss to the Company by the County from,the Loan Loss <br /> Reserve. <br /> 22 <br />