Laserfiche WebLink
THEREFORE, in consideration of the mutual and dependent covenants contained <br /> herein, the parties agree as follows: <br /> A. DEFINITIONS <br /> The following terms as used herein shall be construed and interpreted as follows: <br /> i. BASE LOAN AMOUNT: Loan amount that does not include the one percent (1%) <br /> Loan Origination fee. This the amount disbursed by CWCB to the <br /> BORROWER. <br /> ii. BORROWER:An eligible entity, as specified,who will be responsible for the <br /> repayment of the loan. <br /> iii. LOAN DOCUMENTS: Include all formal loan contract documents including but <br /> not limited to the executed loan contract,all executed appendices, and all <br /> executed amendments. <br /> iv. LOAN ORIGINATION FEE: One (i%) Of the BASE LOAN AMOUNT. <br /> V. LOAN SECURITY: Property or other assets that the BORROWER offers to secure <br /> the loan. <br /> vi. PLEDGED POWER REVENUES, as defined in the Loan Resolution set forth in <br /> Appendix 4 and the SECURITY AGREEMENT,APPENDIX 5. <br /> vii. PROMISSORY NOTE:The document providing a written agreement to pay the <br /> TOTAL LOAN AMOUNT to CWCB. <br /> viii. SECURITY AGREEMENT:The document that provides a security interest in a <br /> specified asset pledged as collateral. <br /> ix. TOTAL LOAN AMOUNT: BASE LOAN AMOUNT and LOAN ORIGINATION FEE of one <br /> percent (M). <br /> B. LOAN PROVISIONS <br /> 1. Loan Origination Fee. The TOTAL LOAN AMOUNT shall include (i) the BASE LOAN <br /> AMOUNT loaned by the CWCB, to the BORROWER, for the PROJECT and (a) a LOAN <br /> ORIGINATION FEE of one percent (1%) of the BASE LOAN AMOUNT. <br /> Z. Amendments and Option Letters. In the event that the BORROWER does not use the <br /> full amount authorized, the parties shall amend this CONTRACT or exercise an OPTION <br /> LETTER (attached as APPENDIX 2) to revise the TOTAL LOAN AMOUNT including an <br /> Page 2 of 14 <br />