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GENERAL36951
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Last modified
8/24/2016 7:57:17 PM
Creation date
11/23/2007 8:56:28 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1977376
IBM Index Class Name
General Documents
Doc Date
4/25/1991
Doc Name
VERIFIED MOTIION OF CF&I STEEL CORP FOR ORDER AUTHORIZING FINANCING AGREEMENT WITH COLO
Media Type
D
Archive
No
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instruments will be executed and delivered to collateralize the <br />Letter of Credit and in conjunction with the financing proposed <br />by this Motion: (a) Demand Promissory Note (a copy of which is <br />attached as Exhibit E) (b) Security Agreement-Pledge (a copy of <br />which is attached as Exhibit F) (c) a Colorado National Bank of <br />Denver. Negotiable Certificate of Deposit (to be purchased after <br />court approval of this Motion) issued in the name of CF&I Steel <br />Corporation (collectively the "Financing Documents"). The <br />following is a summary of some of the key provisions of the <br />Financing Documents. <br />17. Court Order. The financing accommodations to be <br />made available to the Debtor pursuant to the Financing Documents <br />are conditioned upon entry by the Court of an order granting this <br />Motion and approving the Financing Documents. Such an order <br />shall hereafter be referred to as the "Financing Order." <br />18. Borrower. Under the Financing Documents, the <br />borrower will be CFI Steel Corporation. <br />19. mount. The maximum credit made available to <br />the Debtors is $822,000; the credit will be extended pursuant to <br />the issuance by the Sank of the Letter of Credit in favor of the <br />OSMRE. <br />20. Security. As security for any and all pz•esent <br />and future obligations, liabilities, and indebtedness of Debtors <br />to the Bank under the Note and all other obligations of Debtor to <br />the Bank, direct or indirect, absolute or contingent, now <br />6 <br />
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