Promissory Note Payable in Equal Installments of Principal PROMISSORY TERM NOTE $^ Date: ^, 19^
FOR VALUE RECEIVED, the undersigned promises to pay on ^, 19^ to ^ABC INC. (herein called "^ABC"), a corporation incorporated in Illinois, at the principal office of ^ABC in ^, Illinois, the principal sum of ^ DOLLARS ($^ ), payable in twelve consecutive equal semiannual installments; provided that the final installment shall be in an amount sufficient to pay in full all unpaid principal of and accrued interest on this Note. Such installments shall be payable on the first business day of June and December of each year and at maturity, commencing with the first business day of June 19^ and to and including December ^, 19^. The unpaid principal amount hereof from time to time outstanding shall bear interest at the rate of ^% per annum. Accrued interest shall be payable on the first business day of each ^, ^, ^, and ^ and at maturity, beginning with the first business day of ^ 19^. Interest shall be computed on the basis of a year consisting of 360 days. This Note may be prepaid at any time in whole or in part without premium or penalty; provided that the amount of any prepayment shall be applied first to unpaid and accrued interest and second to principal. Payments of both principal and interest are to be made in lawful money of the United States of America in immediately available funds. This Note shall not be assignable. This Note is made under and governed by the internal laws of the State of Illinois. ^ABC Sub Inc. Address: ^ By: Title: ^ ________________