Attached files
file | filename |
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10-K - FORM 10-K - UNIVERSAL ELECTRONICS INC | a55420e10vk.htm |
EX-32.1 - EX-32.1 - UNIVERSAL ELECTRONICS INC | a55420exv32w1.htm |
EX-23.1 - EX-23.1 - UNIVERSAL ELECTRONICS INC | a55420exv23w1.htm |
EX-21.1 - EX-21.1 - UNIVERSAL ELECTRONICS INC | a55420exv21w1.htm |
EX-31.2 - EX-31.2 - UNIVERSAL ELECTRONICS INC | a55420exv31w2.htm |
EX-32.2 - EX-32.2 - UNIVERSAL ELECTRONICS INC | a55420exv32w2.htm |
EX-31.1 - EX-31.1 - UNIVERSAL ELECTRONICS INC | a55420exv31w1.htm |
EX-10.31 - EX-10.31 - UNIVERSAL ELECTRONICS INC | a55420exv10w31.htm |
EXHIBIT 10.32
REVOLVING NOTE
$15,000,000 | December 23, 2009 | |
Newport Beach, California |
FOR VALUE RECEIVED, UNIVERSAL ELECTRONICS INC., a corporation organized under the laws of the
State of Delaware, hereby promises to pay to the order of U.S. BANK NATIONAL ASSOCIATION (the
Bank) at its main office in Newport Beach, California, in lawful money of the United
States of America in Immediately Available Funds (as such term and each other capitalized term used
herein are defined in the Credit Agreement hereinafter referred to) on the Termination Date the
principal amount of FIFTEEN MILLION AND NO/100 DOLLARS ($15,000,000) or, if less, the aggregate
unpaid principal amount of all Advances made by the Bank under the Credit Agreement, and to pay
interest (computed on the basis of actual days elapsed and a year of 360 days) in like funds on the
unpaid principal amount hereof from time to time outstanding at the rates and times set forth in
the Credit Agreement.
This note is the Revolving Note referred to in the Credit Agreement dated concurrently
herewith (as the same may hereafter be from time to time amended, restated, or otherwise modified,
the Credit Agreement) between the undersigned and the Bank. This note is subject to
acceleration, upon the terms provided in the Credit Agreement.
In the event of default hereunder, the undersigned agrees to pay all costs and expenses of
collection, including reasonable attorneys fees, in accordance with the terms and conditions set
forth in the Credit Agreement. Except as otherwise expressly set forth under the terms and
conditions set forth in the Credit Agreement, the undersigned waives demand, presentment, notice of
nonpayment, protest, notice of protest, and notice of dishonor.
THE VALIDITY, CONSTRUCTION, AND ENFORCEABILITY OF THIS NOTE SHALL BE GOVERNED BY THE INTERNAL
LAWS OF THE STATE OF CALIFORNIA WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF,
BUT GIVING EFFECT TO FEDERAL LAWS OF THE UNITED STATES APPLICABLE TO NATIONAL BANKS.
UNIVERSAL ELECTRONICS INC. | ||||||
By | /s/ Bryan Hackworth
|
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Title | SVP CFO |