EXHIBIT 10.25.18
515 Penn Street
PO Box 141
Reading PA 19603
610 655 8109
Fax 610 655 8208
Philip B. Shober
Vice President
CORESTATES
HAMILTON BANK
Mr. John Broadbent, Jr.
Vice President - Finance
Arrow International, Inc.
P. 0. Box 12888
Reading, PA 19612
Dear John:
I am very pleased to inform you that CoreStates Bank, N.A. has approved an
increase to $45,000,000.00 to the Line of Credit available for use by the
Borrowers, as more fully described in the Letter Agreement dated February
25, 1993. This increase is subject to repayment in full of the
$10,000,000.00 bullet loan which was advanced on February 8, 1994. The
Line of Credit will continue to be subject to all of the terms and conditions
outlined in the February 25, 1993 Letter Agreement, and to the terms and
conditions as are outlined in the $45,000,000.00 "Master Demand Note" and
Addendum thereto, of approximately equal date herewith.
To the best of the Borrower's knowledge and subject to the proviso
pertaining to the Berks County Landfill as set forth in the Letter from the
Bank to the Borrowers, acknowledged and accepted by the Borrowers on
March 22, 1995, the Borrower has not breached and is not in violation of any
environmental protection law, rule, or regulation. Borrower will
immediately give notice in writing to the Bank of any condition or event
which constitutes or could constitute a material and substantial breach or
violation of any environmental protection law, rule or regulation. Borrower
agrees to hold the Bank and its employees harmless from any loss, liability or
expense arising from any such breach or violation.
Thank you very much for your continued banking business. Please
acknowledge your acceptance of the foregoing by signing, dating and
returning the enclosed copy of this letter to the undersigned.
Sincerely,
/s/ Philip B. Shober
Philip B. Shober
Vice President
July 11, 1996 ACKNOWLEDGMENT PAGE FOLLOWS.
Mr. John Broadbent, Jr.
Arrow International, Inc.
Page 2
ACKNOWLEDGMENT
The terms and conditions outlined in this letter are hereby accepted and
agreed to this 17th day of July, 1996.
-------- ----
ARROW INTERNATIONAL, INC.
By: /s/Marlin Miller, Jr.
-------------------------------------------
Marlin Miller, Jr., President
By: /s/John Broadbent, Jr.
-------------------------------------------
John Broadbent, Jr., Vice-President-Finance
ARROW MEDICAL PRODUCTS, LTD.
By: /s/Marlin Miller, Jr.
-------------------------------------------
Marlin Miller, Jr., President
By: /s/John Broadbent, Jr.
-------------------------------------------
John Broadbent, Jr., Vice-President
ARROW INTERNATIONAL EXPORT CORPORATION
By: /s/Marlin Miller, Jr.
-------------------------------------------
Marlin Miller, Jr., President
By: /s/John Broadbent, Jr.
-------------------------------------------
John Broadbent, Jr.
MASTER DEMAND NOTE
CORESTATES
$45,000,000.00 July 17, 1996
- -------------- ------- --
FOR VALUE RECEIVED, each of the undersigned, jointly and severally if
more than one (hereinafter collectively referred to as "Borrower"), promises
to pay to the order of CoreStates Bank, N.A.*, a national banking association
(the "Bank"), at any of its banking offices in Pennsylvania, the principal
amount of Forty-Five Million and 00/100 DOLLARS
-------------------------------------
in lawful money of the United States, or, if less, the outstanding principal
balance on all loans and advances made by Bank evidenced by this Note
("Loans"), plus interest. Said principal and interest shall be payable ON
DEMAND
Interest shall accrue at a rate per annum which is at all times equal to
See attached Note Addendum of even date herewith
- ------------------------------------------------
Bank's Prime Rate, such rate to change each time the Prime Rate changes,
effective on and as of the date of the change.
INTEREST-Interest shall be calculated on the basis of a 360 day year and
shall be charged for the actual number of days elapsed. Accrued interest
shall be payable monthly. Accrued interest shall also be payable on demand
and when the entire principal balance of this Note is paid to Bank. The term
"Prime Rate" is defined as the rate of interest for loans established by Bank
from time to time as its prime rate. Interest shall accrue on each
disbursement hereunder from the date such disbursement is made by Bank,
provided, however, that to the extent this Note represents a replacement,
substitution, renewal or refinancing of existing indebtedness, interest shall
accrue from the date hereof. Interest shall accrue on the unpaid balance
hereof at the rate provided for in this Note until the entire unpaid balance
has been paid in full, notwithstanding the entry of any judgment against
Borrower.
BANK'S LOAN RECORDS - The actual amount due and owing from time to
time under this Note shall be evidenced by Bank's books and records of
receipts and disbursements hereunder. Bank shall set up and establish an
account on the books of Bank in which will be recorded Loans evidenced
hereby, payments on such Loans and other appropriate debits and credits as
provided herein, including any Loans which represent reborrowings of
amounts previously repaid. Bank shall also record, in accordance with
customary accounting practice, all other interest, charges, expenses and other
items properly chargeable to Borrower hereunder, and other appropriate
debits and credits. Such books and records of Bank shall be presumed to be
complete and accurate and shall be deemed correct, except to the extent
shown by Borrower to be manifestly erroneous.
NOTE NOT A COMMITMENT TO LEND - Borrower acknowledges and
agrees that no provision hereof, and no course of dealing by Bank in
connection herewith, shall be deemed to create or shall imply the existence of
any commitment or obligation on the part of Bank to make Loans. Except as
otherwise provided in a currently effective written agreement by Bank to
make Loans, each Loan shall be made solely at Bank's discretion.
PREPAYMENT - Borrower may at its option prepay all or any portion of the
principal balance of any Loans at any time without premium or penalty.
COLLATERAL - As security for all indebtedness to Bank now or hereafter
incurred by Borrower, under this Note or otherwise, Borrower grants Bank a
lien upon and security interest in any securities, instruments or other
personal property of Borrower now or hereafter in Bank's possession and in any
deposit balances now or hereafter held by Bank for Borrower's account and
in all proceeds of any such personal property or deposit balances. Such liens
and security interests shall be independent of Bank's right of setoff. This
Note and the indebtedness evidenced hereby shall be additionally secured by
any lien or security interest evidenced by writing (whether now existing or
hereafter executed) which contains a provision to the effect that such lien or
security interest is intended to secure (a) this Note or indebtedness evidenced
hereby or (b) any category of liabilities, obligations or the indebtedness of
Borrower to Bank which includes this Note or the indebtedness evidenced
hereby, and all property subject to any such lien or security interest shall be
collateral for this Note.
CONFESSION OF JUDGMENT - Borrower irrevocably authorizes and
empowers any attorney or any clerk of any court of record to appear for and
confess judgment against Borrower for such sums as are due and owing on
this Note, with or without declaration, with costs of suit, without stay of
execution and with an amount not to exceed the greater of fifteen percent
(15%) of the principal amount of such judgment or $5,000 added for
collection fees. If a copy of this Note, verified by affidavit by or on behalf
of Bank, shall have been filed in such action, it shall not be necessary to
file the original of this Note. The authority granted hereby shall not be
exhausted by the initial exercise thereof and may be exercised by Bank from
time to time. There shall be excluded from the lien of any judgment obtained
solely pursuant to this paragraph all improved real estate in any area
identified under regulations promulgated under the Flood Disaster Protection
Act of 1973, as having special flood hazards if the community in which such
area is located is participating in the National Flood Insurance Program.
Any such exclusion shall not affect any lien upon property not so excluded.
DEMAND NOTE - This Note is and shall be construed as a "demand
instrument" under the Uniform Commercial Code. Bank may demand
payment of the indebtedness outstanding under this Note or any portion
thereof at any time.
BANK'S REMEDIES - In the event that any payment hereunder is not made
when due or demanded, Bank may, immediately or any time thereafter,
exercise any or all of its rights hereunder or under any agreement or
otherwise under applicable law against Borrower, against any person liable,
either absolutely or contingently, for payment of any indebtedness evidenced
hereby, and in any collateral and such rights may be exercised in any order
and shall not be prejudiced by any delay in Bank's exercise thereof. At any
time after such non-payment. Bank may, at its option and upon five days
written notice to Borrower, begin accruing interest on this Note at a rate not
to exceed five percent (5%) per annum in excess of the rate of interest
provided for above on the unpaid principal balance hereof: provided,
however, that no such interest shall accrue hereunder in excess of the
maximum rate permitted by law. All such additional interest shall be payable
upon demand.
NOTICE TO BORROWER - Any notice required to be given by Bank under
the provisions of this Note shall be effective as to each Borrower when
addressed to Borrower and deposited in the mail, postage prepaid, for
delivery by first class mail at Borrower's mailing address as it appears on
Bank's records.
DISBURSEMENTS AND PAYMENTS - The proceeds of any Loan may be
credited by Bank to the deposit account of Borrower or disbursed in any
other manner requested by Borrower and approved by Bank. All payments
due under this Note are to be made in immediately available funds. If Bank
accepts payment in any other form, such payment shall not be deemed to
have been made until the funds comprising such payment have actually been
received by or made available to Bank. If Borrower is not an individual,
Borrower authorizes Bank (but Bank shall have no obligation)
- ------------------------------------------------------------------------
* CoreStates Bank, N.A. also conducts business as Philadelphia National
Bank, as CoreStates First Pennsylvania Bank and as CoreStates Hamilton
Bank
to charge any deposit account in Borrower's name at Bank for any and all
payments of principal, interest, or any other amounts due under this Note.
PAYMENT OF COSTS - In addition to the principal and interest and other
sums payable hereunder, Borrower agrees to pay Bank on demand, all costs
and expenses (including reasonable attorneys' fees and disbursements) which
may be incurred by Bank in the collection of this Note or the enforcement of
Bank's rights and remedies hereunder.
REPRESENTATIONS BY BORROWER - In order to induce Bank to make
Loans, Borrower represents and warrants as follows: if Borrower is a
corporation or a general or limited partnership, Borrower represents and
warrants that it is validly existing and in good standing in the juristiction
under whose laws it was organized. If Borrower is a corporation, Borrower
represents and warrants that the execution, delivery and performance of this
Note are within Borrower's corporate powers, have been duly authorized by
all necessary action by Borrower's Board of Directors and are not in
contravention of the terms of Borrower's charter, by-laws, or any resolution
of its Board of Directors. If Borrower is a general or limited partnership,
Borrower represents and warrants that the execution, delivery and
performance of this Note have been duly authorized and are not in conflict
with any provision of Borrower's partnership agreement or certificate of
limited partnership. Borrower further represents and warrants that this Note
has been validly executed and is enforceable in accordance with its terms,
that the execution, delivery and performance by Borrower of this Note are
not in contravention of law and do not conflict with any indenture, agreement
or undertaking to which Borrower is a party or is otherwise bound, and that
no consent or approval of any governmental authority or any third party is
required in connection with the execution, delivery and performance of this
Note. If this Note is secured, by "margin stock" as defined in Regulation U
of the Board of Governors of the Federal Reserve System, Borrower
warrants that no Loan or portion thereof shall be used to purchase or carry
margin stock, and that each Loan shall be used for the purpose or purposes
indicated on the most recent Form FR U-1 executed by Borrower in
connection with Loans made by Bank.
WAIVERS, ETC - Borrower and each additional obligor on this Note waive
presentment, dishonor, notice of dishonor, protest and notice of protest.
Neither the failure nor any delay on the part of Bank to any right, remedy,
power or privilege hereunder shall operate as a waiver or modification
thereof. No consent, waiver or modification of the terms of this Note shall
be effective unless set forth in a writing signed by Bank. All rights and
remedies of Bank are cumulative and concurrent and no single or partial
exercise of any power or privilege shall preclude any other or further
exercise of any right, power or privilege.
MISCELLANEOUS - This Note is the unconditional obligation of Borrower,
and Borrower agrees that Bank shall not be required to exercise any of its
rights or remedies against any collateral in which it holds a lien or security
interest, or against which it has right of setoff, or against any particular
obligor. All representations, warranties and agreements are made jointly and
severally by each Borrower. If any provision of Note shall be held invalid or
unenforceable, such invalidity or unenforceability shall not affect any other
provision hereof. To the extent that this Note represents a replacement,
substitution, renewal or refinancing of a pre-existing note or other evidence
of indebtedness, the indebtness represented by such pre-existing note or other
instrument shall not be deemed to have been extinguished hereby. This Note
has been delivered in and shall be governed by and construed in accordance
with the laws of the Commonwealth of Pennsylvania without regard to the
law of conflicts. In the event any due date specified or otherwise provided
for in this Note shall fall on a day which Bank is not open for business, such
due date shall be postponed until the next banking day, and interest and any
fees or similar charges shall continue to accrue during such period of
postponement. This Note shall be binding upon each Borrower and each
additional Obligor and upon their personal representatives, heir, successors
and assigns, and shall benefit Bank and its successors and assigns.
CONSENT TO JURISDICTION AND VENUE - IN ANY LEGAL
PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY
MATTER ARISING OUT OF OR RELATED TO THIS NOTE OR THE
RELATIONSHIP EVIDENCED HEREBY, EACH UNDERSIGNED
PARTY HEREBY IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE
JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN
ANY COUNTY IN THE COMMONWEALTH OF PENNSYLVANIA
WHERE BANK MAINTAINS AN OFFICE AND AGREES NOT TO
RAISE ANY OBJECTION TO SUCH JURISDICTION OR TO THE
LAYING OR MAINTAINING OF THE VENUE OF ANY SUCH
PROCEEDING IN SUCH COUNTY. EACH UNDERSIGNED PARTY
AGREES THAT SERVICE OF PROCESS IN ANY SUCH PROCEEDING
MAY BE DULY EFFECTED UPON IT BY MAILING A COPY
THEREOF, BY REGISTERED MAIL, POSTAGE PREPAID, TO EACH
UNDERSIGNED PARTY.
WAIVER OF JURY TRIAL - EACH UNDERSIGNED PARTY HEREBY
WAIVES AND BANK BY ITS ACCEPTANCE HEREOF THEREBY
WAIVES, TRIAL BY JURY IN ANY LEGAL PROCEEDING
INVOLVING DIRECTLY OR INDIRECTLY, ANY MATTER
(WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN
ANY WAY ARISING OUT OF OR RELATED TO THIS NOTE OR THE
RELATIONSHIP EVIDENCED HEREBY. THIS PROVISION IS A
MATERIAL INDUCEMENT FOR BANK TO ENTER INTO, ACCEPT OR
RELY UPON THIS NOTE.
IN WITNESS WHEREOF, Borrower, intending this to be a sealed
instrument and intending to be legally bound hereby, has executed and
delivered this Note as of the day and year first above written.
ARROW INTERNATIONAL, INC.
-------------------------
By: /s/Marlin Miller, Jr. By: /s/John H. Broadbent, Jr.
----------------------------- --------------------------------------
Marlin Miller, Jr., President John H. Broadbent, Jr., Vice-President
----------------------------- --------------------------------------
ARROW MEDICAL PRODUCTS, INC.
----------------------------
By: /s/Marlin Miller, Jr. By: /s/John H. Broadbent, Jr.
----------------------------- --------------------------------------
Marlin Miller, Jr., President John H. Broadbent, Jr., Vice-President
----------------------------- --------------------------------------
ARROW INTERNATIONAL EXPORT CORPORATION
--------------------------------------
By: /s/Marlin Miller, Jr. By: /s/John H. Broadbent, Jr.
----------------------------- --------------------------------------
Marlin Miller, Jr., President John H. Broadbent, Jr., Vice-President
----------------------------- --------------------------------------
Date: July 17, 1996
-------------
NOTE ADDENDUM
-------------
TO $45,000,000.00 MASTER DEMAND NOTE
------------------------------------
ARROW INTERNATIONAL, INC.
-------------------------
ARROW MEDICAL PRODUCTS, LTD.
----------------------------
ARROW INTERNATIONAL EXPORT CORPORATION
--------------------------------------
The Borrower promises to pay interest on the unpaid principal balance of this
Note at a floating annual rate equal to the Bank's Prime rate or at such
overnight rate or rates as the Bank quotes and the Borrower accepts from
time to time.
The Borrower shall have the option of choosing a fixed rate of interest from
time to time, as quoted by the Bank, which will apply for periods from 7 to
180 days, in 7 or 30 day increments, for any portion of the unpaid principal
balance of this Note, so long as such portion exceeds $1,000,000.00, on the
following basis:
A. For seven (7) day increments up to twenty-eight (28) days: as quoted
based on the Bank's Matched Funding Rate;
B. For thirty (30) day increments up to one hundred eighty (180) days:
as quoted based on the lower of Adjusted LIBOR or Adjusted CD
Rates; or
C. Any other pricing options that are available or may become available
to the Bank, and may be quoted by the Bank to the Borrower at the
Bank's option.
Any outstanding principal balance for which a fixed rate of interest option is
in effect will be subject to the "Prepayment Provisions" as outlined below:
PREPAYMENT PROVISIONS:
- ----------------------
If this Note bears interest at a floating or variable rate and no floor or
minimum rate is specified, Borrower may prepay all or any portion of the
principal balance of this Note at any time, without premium or penalty. If
not permitted under the preceding sentence, any prepayment of principal
(including any principal repayment as a result of acceleration by Bank of this
Note) shall require immediate payment to Bank of a prepayment fee equal to
the amount, if any, by which the aggregate present value of scheduled
principal and interest payments eliminated by the prepayment exceeds the
principal amount being prepaid. Said present value shall be calculated by
application of a discount rate determined by Bank in its reasonable judgment
to be the yield-to-maturity at the time of prepayment on U. S. Treasury
securities having a maturity which most closely approximates the final
maturity date of the principal balance then outstanding. Whether or not a
prepayment fee is required hereunder, prepayments shall be applied to
Note Addendum
Arrow International, Inc.
Arrow Medical Products, LTD.
Arrow International Export Corporation
Page Two
scheduled installments of principal in the inverse order of their maturity,
shall be accompanied by payment of accrued interest on the principal amount
being prepaid and, unless this Note has been accelerated by Bank, shall not
be permitted in an amount less than the scheduled principal installment
immediately prior to final maturity of the outstanding principal balance.
ARROW INTERNATIONAL, INC.
By: /s/Marlin Miller, Jr.
-----------------------------
Marlin Miller, Jr., President
By: /s/John H. Broadbent, Jr.
--------------------------------------
John H. Broadbent, Jr., Vice-President
ARROW MEDICAL PRODUCTS, LTD.
By: /s/Marlin Miller, Jr.
-----------------------------
Marlin Miller, Jr., President
By: /s/John H. Broadbent, Jr.
--------------------------------------
John H. Broadbent, Jr., Vice-President
ARROW INTERNATIONAL EXPORT CORPORATION
By: /s/Marlin Miller, Jr.
-----------------------------
Marlin Miller, Jr., President
By: /s/John H. Broadbent, Jr.
--------------------------------------
John H. Broadbent, Jr., Vice-President
EXPLANATION AND WAIVER OF RIGHTS
REGARDING CONFESSION OF JUDGMENT
1. On the date hereof, Arrow Medical Products, Inc., Arrow
International Export Corporation, Arrow International, Inc., a(an)
corporations (the "Obligor") is signing and delivering to CoreStates Bank,
N.A. (the "Bank") a
X Promissory note in the principal sum of Forty-Five Million-------
---
Dollars ($45, 000, 000.00)
Guaranty of Obligations of _________________________
---
Other ______________________________________________
---
(as the same may be renewed, modified, amended, extended, restated or
replaced, whether one or more, the "Obligation"). The Obligor has been
advised by the Bank (and by the Obligor's legal counsel, if applicable) that
the Obligation contains a clause that provides that the Bank may confess
judgment against the Obligor. The Obligor has read the Obligation and
clearly and specifically understands that by signing the Obligation which
contains such confession of judgment clause:
(a) The Obligor is authorizing the Bank to enter a
judgment against the Obligor and in favor of the Bank, which will give the
Bank a lien upon any real estate which the Obligor may own in any county
where the judgment is entered;
(b) The Obligor is giving up an important right to any
notice or opportunity for a hearing before the entry of this judgment on the
records of the Court;
(c) The Obligor is agreeing that the Bank may enter this
judgment and understands that the Obligor will be unable to contest the
validity of the judgment, should the Bank enter it, unless the Obligor
successfully challenges entry of the judgment through a petition to open or
strike the judgment, which will require the Obligor to retain counsel at the
Obligor's expense;
(d) The Obligor may be giving up an important right to
any notice or opportunity for a hearing before the Bank may request and use
the power of the state government to deprive the Obligor of its property
pursuant to the judgment by seizing or having the Sheriff or other official
seize the Obligor's bank accounts, inventory, equipment, furnishings, or any
other personal property that the Obligor may own, to satisfy the Obligation;
(e) The Obligor may be immediately deprived of the use of
any property that is seized by the Bank pursuant to the judgment without
notice or a hearing, and the procedural rules of Pennsylvania's court system
do not guarantee that the Obligor will receive a prompt hearing after the
Obligor's property is seized; and
(f) If the Obligation is the Bank's printed form of Master
Demand Note, Commercial Promissory Note or Security Agreement, or a
Master Note Agreement prepared by the Bank, the Obligor is agreeing that
the Bank may enter judgment whether or not there is a default under the
Obligation.
2. The Obligor knows and understands that it is the confession of
judgment clause in the Obligation which gives the Bank the rights described
in subparagraphs (a) through (f) of paragraph 1 above.
3. Fully and completely understanding the rights which are being
given up if the Obligor signs the Obligation containing the confession of
judgment, the Obligor nevertheless freely, knowingly and voluntarily waives
said rights and chooses to sign the Obligation.
4. The Obligor acknowledges that the proceeds of the Obligation
are to be used for business purposes.
5. If the Obligor is an individual, the Obligor certifies that
his/her annual income exceeds $10,000.00.
Dated this 17th day of July, 1996
-------- ---- --
THE OBLIGOR HAS READ THIS EXPLANATION AND WAIVER
PRIOR TO SIGNING THE OBLIGATION AND FULLY UNDERSTANDS
ITS CONTENTS.
ARROW MEDICAL PRODUCTS, INC., ARROW INTERNATIONAL
EXPORT CORPORATION, ARROW INTERNATIONAL, INC.
-------------------------------------------------
(Name of Corporation/Partnership)
By: /s/Marlin Miller, Jr. By: /s/John H. Broadbent, Jr.
----------------------------- --------------------------------------
Marlin Miller, Jr., President John H. Broadbent, Jr., Vice President
----------------------------- --------------------------------------
(Print Name and Title) (Print Name and Title)
INDIVIDUALS OR PROPRIETORS SIGN BELOW
------------------- ---------------------------------
(Witness Signature) (Signature of Individual Obligor)
------------------- ---------------------------------
(Witness Signature) (Signature of Individual Obligor)
CORPORATE ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF
On the 17th day of July, 1996, before me, a notary public for said
Commonwealth and County, the undersigned officer, personally
appeared Marlin Miller, Jr. and John H. Broadbent, Jr. who
---------------------------------------------
acknowledged themselves to be the President and Vice-President of
----------------------------
* _______ and that they, as such officers, being authorized to
do so, executed the foregoing Explanation and Waiver of Rights
Regarding Confession of Judgment for the purposes therein contained
by signing the name of the corporation by themselves as such officers.
And said Marlin Miller, Jr. and John H. Broadbent, Jr. did further
---------------------------------------------
certify and acknowledge that they received a true, correct and complete
copy of the foregoing Explanation and Waiver of Rights Regarding
Confession of Judgment. * ARROW MEDICAL PRODUCTS, INC.,
ARROW INTERNATIONAL EXPORT CORPORATION, ARROW
INTERNATIONAL, INC.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
/s/ Maureen C. Zielaskowski Notarial Seal
Notary Public Maureen C. Zielaskowski
Bern Twp., Berks County
My Commission Expires July 27, 1998
Seal
PARTNERSHIP ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF
On the _______ day of _____, 19__, before me, a notary
public for said Commonwealth and County the undersigned officer, personally
appeared ________________ who acknowledged himself/herself/themselves
to be General Partner(s) of _________________, a partnership, and who, I
am satisfied is/are the person(s) names in and who executed the within
Explanation and Waiver of Rights Regarding Confession of Judgement
and he/she/they severally acknowledge that he/she/they signed, sealed
and delivered the same as the act and deed of the said partnership for
the uses and purposes therein expressed by signing the name of the
partnership by himself/herself/themselves as partner(s). And said
_______________ each did further certify and acknowledge that he/she/they
received a true, correct and complete copy of the within Explanation
and Waiver of Rights Regarding Confession of Judgment.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
Notary Public
My Commission Expires
Seal
INDIVIDUAL ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF
On the ____________ day of _______, 19__, before me, a notary
public for said Commonwealth and County, the undersigned officer, personally
appeared _______________ who, I am satisfied is/are the person(s)
named in and who executed the within Explanation and Waiver of
Rights Regarding Confession of Judgment and he/she/they did severally
acknowledge that he/she/they signed, sealed and delivered the same as
his/her/their act and deed for the uses and purposes therein expressed.
And said _____________________ did further certify and acknowledge that
he/she/they received a true, correct and complete copy of the within
Explanation and Waiver of Rights Regarding Confession of Judgment.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
Notary Public
My Commission Expires
Seal