Jacksonville Loan Clause Samples

Jacksonville Loan. Subject to the terms of this Agreement, First National only will extend to Borrowers a loan in the principal amount of $11,357,943.18 (as it may be amended, modified, refinanced, replaced and/or restated from time to time, the "Jacksonville Loan"). The Jacksonville Loan will refinance and extend that certain Construction Note dated June 8, 2009 in the principal amount of $12,000,000.00 executed and delivered by Borrowers in favor of the Agent, as such Construction Note has been amended from time to time.