EX-10.3
from 8-K
5 pages
For Value Received, Mam Software Group, Inc., a Delaware Corporation (The “Borrower”), Promises to Pay to the Order of Univest Bank and Trust Co., Its Successors and Assigns (The “Lender”), the Principal Sum of Eight Million Seven Hundred Fifty Thousand and No/100 Dollars ($8,750,000.00) (The “Principal Sum”), Together With Interest Thereon at the Rate or Rates Hereinafter Provided, in Accordance With the Following: 1. Interest. Commencing as of the Date Hereof and Continuing Until Repayment in Full of All Sums Due Hereunder, the Unpaid Principal Sum Shall Bear Interest at the Applicable Rate (As That Term Is Defined in the Credit Agreement (As That Term Is Defined Below). 2. Payments and Maturity. the Unpaid Principal Sum, Together With Interest Thereon at the Rate or Rates Provided Above, Shall Be Payable as Follows: (A) Interest Only on the Unpaid Principal Sum Shall Be Due and Payable on Each Interest Payment Date (As That Term Is Defined in the Credit Agreement); (B) the Borrower Shall Pay to the Lender Installment Payments Pursuant to Clause (B) of Section 2.08 of the Credit Agreement at Times and in the Manner Set Forth in Said Clause; and (C) Unless Sooner Paid, the Unpaid Principal Sum, Together With Interest Accrued and Unpaid Thereon, Shall Be Due and Payable in Full on the Term Maturity Date (As That Term Is Defined in the Credit Agreement). 3. Default Interest. Upon the Occurrence of an Event of Default (As Hereinafter Defined), the Unpaid Principal Sum Shall Bear Interest Thereafter at the Rate Provided Pursuant to Clause (D) of Section 2.06 of the Credit Agreement Until Such Event of Default Is Cured. 4. Late Charges. if the Borrower Shall Fail to Make Any Payment Under the Terms of This Note Within Five (5) Days After the Date Such Payment Is Due, the Borrower Shall Pay to the Lender on Demand a Late Charge Equal to Five Percent (5%) of Such Payment. 5. Application and Place of Payments
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EX-10.3
from 8-K
6 pages
For Value Received, Mam Software Group, Inc., a Delaware Corporation (The “Borrower”), Promises to Pay to the Order of Jp Morgan Chase Bank, N.A., a National Banking Association, Its Successors and Assigns (The “Lender”), the Principal Sum of Nine Million Five Hundred Thousand and No/100 Dollars ($9,500,000.00) (The “Principal Sum”), Together With Interest Thereon at the Rate or Rates Hereinafter Provided, in Accordance With the Following: 1. Interest. Commencing as of the Date Hereof and Continuing Until Repayment in Full of All Sums Due Hereunder, the Unpaid Principal Sum Shall Bear Interest at the Applicable Rate (As That Term Is Defined in the Credit Agreement (As That Term Is Defined Below). 2. Payments and Maturity. the Unpaid Principal Sum, Together With Interest Thereon at the Rate or Rates Provided Above, Shall Be Payable as Follows: (A) Interest Only on the Unpaid Principal Sum Shall Be Due and Payable on Each Interest Payment Date (As That Term Is Defined in the Credit Agreement); (B) the Borrower Shall Pay to the Lender Installment Payments Pursuant to Clause (B) of Section 2.08 of the Credit Agreement at Times and in the Manner Set Forth in Said Clause; and (C) Unless Sooner Paid, the Unpaid Principal Sum, Together With Interest Accrued and Unpaid Thereon, Shall Be Due and Payable in Full on the Term Maturity Date (As That Term Is Defined in the Credit Agreement). 3. Default Interest. Upon the Occurrence of an Event of Default (As Hereinafter Defined), the Unpaid Principal Sum Shall Bear Interest Thereafter at the Rate Provided Pursuant to Clause (D) of Section 2.06 of the Credit Agreement Until Such Event of Default Is Cured. 4. Late Charges. if the Borrower Shall Fail to Make Any Payment Under the Terms of This Note Within Five (5) Days After the Date Such Payment Is Due, the Borrower Shall Pay to the Lender on Demand a Late Charge Equal to Five Percent (5%) of Such Payment. 1
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