Exhibit 10.36
Execution Copy
 
REVOLVING NOTE
 
New York, New York 
November 20, 2002
 
FOR VALUE RECEIVED, the undersigned, CONSTAR INTERNATIONAL INC., a Delaware
corporation (the “Borrower”), hereby unconditionally promises to pay to the
order of SunTrust Bank (the “Lender”), at the office of SunTrust Bank at 919 E.
Main Street, 22nd Floor, Richmond, Virginia 23219, USA, on the Revolving
Maturity Date (terms used without definition shall have the meanings assigned to
such terms in that certain Credit Agreement dated as of November 20, 2002 (as
amended, modified, extended or restated from time to time, the “Credit
Agreement”), among the Borrower, the Lenders parties thereto, Citicorp North
America, Inc., as Administrative Agent, Salomon Smith Barney Inc. and Deutsche
Bank Securities Inc., as Joint Lead Arrangers, JPMorgan Chase Bank, as
Documentation Agent, SunTrust Bank as Co-Documentation Agent and Deutsche Bank
Securities Inc., as Syndication Agent), the aggregate unpaid principal amount of
all Revolving Loans made by the Lender to the Borrower pursuant to Section 2.01
of the Credit Agreement, such payment or payments to be in immediately available
funds in Dollars, and to pay interest from the date hereof on such principal
amount from time to time outstanding, in like funds, at said office, at a rate
or rates per annum and payable on such dates as are determined pursuant to the
Credit Agreement.
 
The Borrower promises to pay interest, on demand, on any overdue principal of
and, to the extent permitted by law, overdue interest on the Loans from their
due dates at a rate or rates determined as set forth in the Credit Agreement.
 
The Borrower hereby waives diligence, presentment, demand, protest and notice of
any kind whatsoever. The nonexercise by the holder of any of its rights
hereunder in any particular instance shall not constitute a waiver thereof in
that or any subsequent instance.
 
All Loans evidenced by this Note and all payments and prepayments of the
principal hereof and interest hereon (including the currencies in which such
payments, prepayments and interest are denominated) and the respective dates
thereof shall be endorsed by the holder hereof on the schedule attached hereto
and made a part hereof, or on a continuation thereof which shall be attached
hereto and made a part hereof, or otherwise recorded by such holder in its
internal records; provided, however, that any failure of the holder hereof to
make such a notation or any error in such notation shall not in any manner
affect the obligation of the Borrower to make payments of principal and interest
in accordance with the terms of this Note and the Credit Agreement.

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This Note evidences Loans referred to in the Credit Agreement which, among other
things, contains provisions for the acceleration of the maturity hereof upon the
happening of certain events, for optional and mandatory prepayment of the
principal hereof prior to the maturity hereof and for the amendment or waiver of
certain provisions of the Credit Agreement, all upon the terms and conditions
therein specified. This Note is entitled to the benefit of the Credit Agreement,
including the guarantees thereunder. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
 
CONSTAR INTERNATIONAL INC.
By:
 
/s/    JAMES C. COOK
   

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Name: James C. Cook
Title: Executive Vice President, Chief
Financial Officer and Secretary

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Loans and Payments
 
Amount and
Type of Loan

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Maturity Date

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Payments

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Unpaid Principal
Balance of Note

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Name of Person
Making Notation

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Principal

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Interest

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$15,000,000.00
 
November 20, 2007