SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
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                          below that which the Lender or the Lender's holding
                          company could have achieved but for such adoption,
                          change or compliance (taking into consideration the
                          Lender's guidelines with respect to capital adequacy)
                          by an amount deemed by the Lender to be material,
                          then from time to time the Borrower shall pay to the
                          Lender such additional amount or amounts as will
                          compensate the Lender or the Lender's holding company
                          for any such reduction suffered.

                 (h)      Borrower may prepay the principal amount evidenced by
         the Term Note or by any Advance at any time that the Applicable
         Interest Rate is the Base Rate.  Except as provided specifically in
         Section 2.05(i), (iii) and (iv), Borrower may not prepay the Term Note
         or any such Advance so long as the Applicable Rate is the LIBOR-Based
         Rate, except at the maturity of any applicable LIBOR-Based Rate
         Period.

         Section 2.07  The Term Note.  Subject to the conditions and terms of
the Loan Documents and in reliance upon the representations, warranties, and
covenants set forth in the Loan Documents, Lender agrees to extend the Borrower
credit in the principal amount of $5,749,245.88 pursuant to the Term Note.  The
terms of repayment of the Term Note shall be as set forth therein.

         Section 2.08  Participation.  Lender shall have the right to enter into
one or more participation agreements with one or more participating lenders
approved by Lender on such terms and conditions as Lender shall deem advisable;
provided that at all times the Lender shall retain a minimum of fifty percent
(50%) of the Loans.

         Section 2.09  Use of Proceeds. Proceeds of the Revolving Credit Note
will be used to: (i) permit the issuance of Letters of Credit, and (ii) enable
the Borrower to make (x) loans to Partnerships or LLC's for the construction and
renovation of Projects and/or (y) Acquisitions and Physician Practice
Acquisitions.  Proceeds of the Term Note were used to refinance existing
indebtedness.

         Section 2.10  Payments to Principal Office; Debit Authority. Each
payment under the Revolving Credit Note and Term Note (including any permitted
prepayment and payment of interest) shall be made to Lender at its Principal
Office for the account of Lender in U.S. dollars and in immediately available
funds before 11:00 a.m. Nashville Time on the date such payment is due. The
Lender may, but shall not be obligated to, debit the amount of any such payment
which is not made by such time to any ordinary deposit account of the Borrower
with the Lender.

         Section 2.11  Letters of Credit. Provided no Default Condition or Event
of Default has occurred and is continuing, the Lender agrees that at Borrower's
request, it shall cause Letters of Credit





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