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Agmt25 SEC-Lenders Documents 2 - Loan Agreement
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Agmt25 SEC-Lenders Documents 2 - Loan Agreement
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6/16/2025 12:09:36 PM
Creation date
6/16/2025 12:08:31 PM
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Agreement
RMP File Number
304
Date
6/6/2025
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100. DEFINITIONS...................................................................................................................2 <br />101. Terms.....................................................................................................................2 <br />200. LOAN AGREEMENT....................................................................................................... 8 <br />201. Loan........................................................................................................................ 8 <br />202. Repayment of Loan................................................................................................ 8 <br />202.1 Maturity Date........................................................................................... 8 <br />202.2 Interest Rate............................................................................................. 8 <br />202.3 Repayment Terms.................................................................................... 8 <br />203. Use of Funds.......................................................................................................... 8 <br />204. Disbursement of Loan Funds................................................................................. 8 <br />204.1 Conditions Precedent to Initial Disbursement ......................................... 8 <br />204.2 Reserved.................................................................................................. 9 <br />205. <br />Repayment of Loan................................................................................................ 9 <br />206. <br />Subordination of Loan........................................................................................... 9 <br />207. <br />City Not Liable.................................................................................................... <br />10 <br />300. REPRESENTATIONS AND WARRANTIES................................................................ <br />10 <br />301. <br />City Representations............................................................................................ <br />10 <br />301.1 Authority................................................................................................10 <br />301.2 No Conflict............................................................................................ <br />10 <br />301.3 No Bankruptcy....................................................................................... <br />10 <br />301.4 No Condemnation.................................................................................. <br />10 <br />302. <br />Borrower's Representations................................................................................. <br />10 <br />302.1 Organization.......................................................................................... <br />10 <br />302.2 Authority to Borrow.............................................................................. <br />10 <br />302.3 Authority of Persons Executing Documents ......................................... <br />10 <br />302.4 No Conflict............................................................................................ <br />11 <br />302.5 Compliance with Laws; Consent and Approvals .................................. <br />11 <br />302.6 Valid Binding Agreement...................................................................... <br />11 <br />302.7 Pending Proceedings............................................................................. <br />11 <br />302.8 Financial Statements............................................................................- <br />11 <br />302.9 No Material Adverse Event................................................................... <br />11 <br />302.10 Accuracy................................................................................................I1 <br />302.11 Disclosure of Information...................................................................... <br />12 <br />302.12 No Condemnation................................................................................... <br />12 <br />302.13 Eligible Costs......................................................................................... <br />12 <br />302.14 FIRPTA.................................................................................................12 <br />400. COVENANTS OF BORROWER.................................................................................... <br />12 <br />401. Borrower's Financing.......................................................................................... 12 <br />402. Reserved...............................................................................................................12 <br />403. Reserved...............................................................................................................12 <br />REV: 05-21-25 LF <br />ATTY/AGR.2025.100/HEART-SV (417 Stambaugh St.) (Page 2 of 85) <br />
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