Common Contracts
1 similar Construction and Term Loan Agreement contracts
CONSTRUCTION AND TERM LOAN AGREEMENTConstruction and Term Loan Agreement • December 13th, 2018 • California
THIS CONSTRUCTION AND TERM LOAN AGREEMENT (this “Agreement”), dated as of , 2018, is entered into by and between CORDOVA TROLLEY, LP, a California limited partnership (“Borrower”), CHULA VISTA HOUSING AUTHORITY (the “Issuer”), and BANNER BANK, a Washington corporation, and its successors and assigns, in its capacity as the “Majority Owner” and “Servicer” under the Indenture described below (in such capacities, “Majority Owner”) on the terms and conditions set forth below. Borrower has applied to Issuer for a loan in the total principal amount of ///[Six Million Five Hundred Thousand and No/100th Dollars ($6,500,000)]/// in order to construct the Improvements on the Real Property described below. The interests of the Issuer in this Agreement and the Note, excluding the Reserved Rights (as defined in the Indenture), have been assigned to U.S. Bank National Association, as Bond Trustee (“Bond Trustee”), pursuant to a Trust Indenture dated as of , 2018, between the Issuer and Bond Trustee.
