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05-25-1995
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05-25-1995
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8/20/2018 6:29:46 AM
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8/1/2018 6:35:58 AM
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MV City Council
City Council Document Type
City Council Packets
Date
5/25/1995
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DRAFT, ®= <br /> DATE PARTICIPATION AGREEMENT <br /> BUSINESS LOAN PROGRAM <br /> Date Amount of Participation <br /> The undersigned lender, <br /> (Name of Issuing Bank) <br /> (herein called "Bank") , hereby certifies that the MOUNDS VIEW <br /> ECONOMIC DEVELOPMENT AUTHORITY (herein called "EDA") has a <br /> participation from the date hereof in the amount of <br /> Dollars, said participation <br /> (EDA Participation) <br /> being in that certain indebtedness of <br /> (Name of Debtor) <br /> to the Bank in the total amount of <br /> • (Total Loan) <br /> Dollars (the "Indebtedness") , with the EDA participation bearing <br /> interest at the rate of , all as evidenced <br /> by Note(s) dated , with payments starting <br /> due <br /> and all mortgage or other security therefor and all guaranty or <br /> other instruments, if any, given in connection therewith. The <br /> security for this indebtedness is (describe collateral) <br /> The granting of this participation shall be upon the following <br /> 1111 terms: <br /> 287902.1 1 <br />
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