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REVOLVING CREDIT NOTE
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t400.000.00 Dated: March 30, 1984 ~
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FOR VALUE RECEIVED, the undersigned SOUTHERN EAGLE
DISTRIBUTING, INC.,~ a Missouri corporation (the "Borrower")•,
HEREBY PROMISES TO PAY to the order of MERCANTILE TRUST COMPANY
NATIONAL ASSOCIATION (the "Bank") the principal sum of Four
Hundred Thousand Dollars (;400,000) or, if less, the aggregate
unpaid principal amount of all Revolving Credit Loans made by
the Bank to the Borrower pursuant to the Loan Agreement (as
hereinafter defined) on March 31, 1992; together with interest
on any and all principal amounts remaining unpaid hereunder
from time to time-outstanding from the date hereof until said
principal amounts become due, payable quarterly on the first ~
(lst) day of April, July, October and January of each year dur-
ing the term hereof, beginning July 1, 1984, and on the final
day when said principal amounts become due, at a fluctuating
interest rate per annum,equal at all times to One Percent (i$)
per annum above the Prime Rate of the Bank in effect from time
to time. "Prime Rate" shall mean the rate of interest publicly
~ announced by the Bank from time to time as its prime rate on •
~ coc~nercial loans . '
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s Any amount of principal hereof which~is not paid when ~
due whether at stated maturity, by acceleration or otherwise, ~
shall bear interest from the day when due until said principal
amount is paid in full, payable on demand.at a fluctuating
interest rate per annum equal at all times ta Three Percent
(3$) per annum above the Prime Rate in effect from time to
time. Each change in the fluctuating interest rate hereunder
shall take effect simultaneously wi~h the corresponding change
in the Prime Rate. Both principal and interest are payable in .
lawful money of the United States of America to the Bank at
721 Locust Street, St. Louis, Missouri 63101, in im~nediately
available funds. All Revolvinq Credit Loans made by the Bank - '
to the Horrower pursuant to the Loan Agreement and all payments
made on account of principal hereof shall be recorded by the
Bank and, prior to any transfer hereof, endorsed on the grid :
attached hereto which is part of this Revolving Credit Note.
This Note is the Revolving Credit Note referred to in
and is entitled to the benefits of that certain Loan Agreement
dated as of March 30, 1984 (the "Loan Aqreement"), between the
Borrower and the Bank; which Loan Agreement, among other
~ things, contains provisions for acceleration of the maturity '
hereof upon the happening of certain stated events and also for ;
~ prepayments on account of principal hereof prior to the matu- :
rity hereof upon the terms and conditions therein specified.
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~ Boo 428 NaGE 922 ~ ;
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