Common Contracts
1 similar Business Loan Agreement contracts
BUSINESS LOAN AGREEMENT COCHISE COUNTY REVOLVING LINE OF CREDITBusiness Loan Agreement • May 5th, 2020 • Arizona
AGREEMENT: Pursuant to §11-604.01, Arizona Revised Statutes (the “Act”), the Board of Supervisors of a county may enter into an agreement with the financial institution authorized to do business in the State of Arizona to obtain a line of credit for the county. The Act further provides that the Cochise County Treasurer is the agent for the County and for each political subdivision of the State of Arizona for which the Cochise County Treasurer acts as treasurer and may take any action required under such agreement without further approval of any governing body of a political subdivision. The Board of Supervisors of Cochise County, Arizona (herein, the “County” or “Borrower”), the Cochise County Treasurer and Bank intend to enter into this Agreement and the hereafter-described Note to obtain a line of credit pursuant to the Act for Borrower, in the maximum amount of the Commitment Amount Cap (as defined herein), and to evidence such line of credit in this Agreement and the Note. For purp
