Agenda - 03-21-2000-5a - Laserfiche WebLink

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z9 shall be effective immediately to change the interest rate payable on this Note. The Bank makes no representation that the Prime Rate is the best or lowest rate of interest that the Bank charges on loans; the Bank makes other loans at rates above and below its Prime Rate. PAYMENT SCHEDULE. The unpaid principal balance of this Note at any date shall be equal to (a) the sum of all Advances made by the Bank through that date, minus (b) all payments on account of principal actually made by the undersigned through that date, and minus (c) all reductions pursuant to Section 4.3 of the Loan Agreement in the principal balance reflecting the Bank's Percentage Share of Uncovered Loan Losses. Payments on this Note shall be made and shall be applied as provided for in the Loan Agreement. If not sooner. paid, all unpaid principal and all accrued and unpaid interest on this Note shall be due and payable on July 25, 2009: LIMITED RECOURSE. Notwithstanding any provisions hereof or of the Loan Agreement to the contrary, the holder's sole recourse for the recovery of monies due and owing on the Notes shall be against the holder's Percentage Share of the Net. Cash Proceeds and any collateral granted by the Company to the Banks pursuant to the Security Agreements; provided, however, that nothing contained in this paragraph will limit (a) the liability of the undersigned to account for the holder's Percentage Share of any Net Cash Proceeds not applied on a current basis by the Company in accordance with the provisions of this Note and the Loan Agreement, or (b) any liability for fraud on the part of any Company official, employee or agent. DEFAULT. Upon the occurrence of any Event of Default described in the Loan Agreement, the Bank shall have all rights granted by the Loan Agreement EXPENSES OF COLLECTION. Notwithstanding the "Limited Recourse" provisions of this Note, in the event of default under this Note, the holder shall be entitled to collect (in addition to all principal; interest and other amounts due hereon) the holder's reasonable costs and expenses incurred in the collection of this Note, including, but not limited to, reasonable attorneys' fees. COVENANTS. All parties to this Note, including the maker and any sureties, endorsers or guarantors, . hereby waive (to the extent permitted by law) protest, presentment, notice of dishonor and notice of acceleration of maturity and agree to continue to remain bound for the payment of principal, interest and all other sums due under this Note, notwithstanding any change or changes by way of release, surrender, exchange, modification or substitution of any security for this Note or by way of any extensions or extensions of time for the payment of this Note or by way of any extension or extensions of time for the payment of principal and interest; and all such parties waive (to the extent permitted by law) all and every kind of notice of such change or changes and agree that the same may be made without notice or consent of any of them. ,r