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10-02-1995 WS
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10-02-1995 WS
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7/2/2018 10:09:54 AM
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MV City Council
City Council Document Type
City Council Packets
Date
10/2/1995
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wci cu QQ tut 11 ;bC <br /> P. 03 <br /> Deposit Account: The business operating account must be at Western State Bank. <br /> Subordinations: Richard and Effie Martin must sign subordinations on notes for <br /> $17,800 and $45,393 allowing scheduled principal and interest <br /> payments. Western State Bank requires a copy of each note. <br /> Documentation: Copy of the Articles of Incorporation and Assumed Name <br /> Certificates. <br /> References: Western State Bank is still waiting for references on the mortgage <br /> and franchise loans. <br /> Various other terms and conditions are part of the actual loan documents which will be <br /> gone over at the loan closing. <br /> In the event that there is any material adverse chance in the financial condition or <br /> obligations of Forcia, Inc. DBA Donut Connection prior to the closing, the bank may at <br /> its sole and complete discretion, terminate this commitment. <br /> Thank you for allowing Western State Bank to help meet the financial needs of Forcia, <br /> Inc. DBA Donut Connection. If you have any questions, call me at 290-8150. <br /> Sincerely, <br /> 7"per / <br /> ,00: <br /> ark H. Luhmann <br /> Vice President <br />
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