SECOND AMENDMENT TO REVOLVING LINE OF CREDIT NOTE

EX-10.2 3 dex102.htm SECOND AMENDMENT TO REVOLVING LINE OF CREDIT NOTE Second Amendment to Revolving Line of Credit Note

Exhibit 10.2

SECOND AMENDMENT TO REVOLVING LINE OF CREDIT NOTE

This SECOND AMENDMENT TO REVOLVING LINE OF CREDIT NOTE dated as of November 1, 2006 by and between C-COR INCORPORATED (C-Cor”), BROADBAND CAPITAL CORPORATION (“Broadband” and, together with C-Cor, collectively the “Borrower”), and CITIZENS BANK OF PENNSYLVANIA (the “Bank”).

WHEREAS, the Borrower and the Bank have entered into a certain Revolving Line of Credit Agreement dated as of November 5, 2004 (as amended, modified or supplemented from time to time, hereinafter referred to as the “Loan Agreement”); and

WHEREAS, pursuant to the Loan Agreement, the Borrower has made a certain Revolving Line of Credit Note dated November 5, 2004 in favor of the Bank in the original principal amount of $10,000,000 (as amended by a certain Amendment to Revolving Line of Credit Note dated as of November 1, 2005 and as otherwise amended, modified or supplemented from time to time, the “Note”); and

WHEREAS, the Borrower and the Bank desire to amend the Note in certain respects as hereinafter provided

NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency of which is hereby acknowledged and intending to be legally bound, the Bank and the Borrower hereby agree as follows:

1. The Note is hereby amended by deleting the reference to “November 4, 2006” from the second sentence thereof and substituting in lieu thereof the following:

“November 3, 2007”

2. Capitalized terms used herein which are not defined herein shall have the meaning assigned to such terms in the Note. Except as amended hereby, all of the provisions of the Note shall remain unchanged; shall continue in full force and effect; and are hereby ratified and confirmed in all respects. From and after the Effective Date all references in the Note to “this Note” (and all indirect references such as “herein”, “hereby”, “hereunder”, and “hereof”) shall be deemed to refer to the Note, as amended by this Amendment.


IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have executed this Second Amendment to Revolving Line of Credit Note as of the day and date first above written.

 

CITIZENS BANK OF PENNSYLVANIA     C-COR INCORPORATED
By:  

/s/ Joseph F. King

    By:  

/s/ Joseph E. Zavacky

Name:   Joseph F. King     Name:   Joseph E. Zavacky
Title:   Senior Vice President     Title:   Controller and Assistant Secretary
BROADBAND CAPITAL CORPORATION      
By:  

/s/ George M. Savereno

     
Name:   George M. Savereno      
Title:   President      

Basic Info X:

Name: SECOND AMENDMENT TO REVOLVING LINE OF CREDIT NOTE
Type: Second Amendment to Revolving Line of Credit Note
Date: Nov. 6, 2006
Company: C-COR INC
State: Pennsylvania

Other info: