MASTER DEMAND NOTE
DUE ON DEMAND $25,000,000
No. April 2, 1997
PROMISE TO PAY: For value received, the undersigned (the "Borrower") promises to pay ON DEMAND to
NBD BANK, a Michigan banking corporation (the "Bank"), or order, at any office of the Bank in the State of
Michigan, the sum of TWENTY FIVE MILLION DOLLARS ($25,000,000), or such lesser sum as is indicated
on Bank records, plus interest, as more fully provided below.
COMPUTATION AND PAYMENT OF PRINCIPAL AND INTEREST:
1. DEFINITION OF LOAN. Each disbursement under the Facility (as defined in the Agreement) is called a
"Loan." A disbursement is deemed made under the Facility when (a) funds are advanced under the Facility or (b)
for a conversion or renewal, on the date the Bank makes an entry in its records to that effect.
2. ADDITIONAL DEFINITIONS. As used in this note, the following terms have the following meanings:
(a) BUSINESS DAY. "Business Day" means a day other than Saturday, Sunday, or other day on which
commercial banks in Detroit, Michigan, are either authorized or required to close under the laws of the state of
Michigan, and for any Eurodollar Loan, on which dealings in United States Dollar deposits are carried out in the
interbank market selected by the Bank to determine the Eurodollar Rate.
(b) EURODOLLAR LOAN. "Eurodollar Loan" means a Loan bearing interest at the Eurodollar Rate.
(c) EURODOLLAR RATE. "Eurodollar Rate" means the per annum rate of interest that is equal to the sum of (i)
one and three fourths percent (1 3/4%) per annum, plus (ii) the per annum rate of interest at which deposits in
United States Dollars for the Interest Period and in an aggregate amount comparable to the amount of the Loan
are offered to the Bank by other prime banks in the London interbank market at approximately 11:00 a.m.
London time on the second Business Day before the date on which the Loan is made, all as conclusively
determined by the Bank, and, if necessary, rounded up to the nearest whole multiple of one o