LOAN AND SECURITY AGREEMENT by and betweenLoan and Security Agreement • October 4th, 2019 • Stratus Properties Inc • Land subdividers & developers (no cemeteries)
THIS LOAN AND SECURITY AGREEMENT (this "Agreement"), which is dated as of September 30, 2019, is by and between Borrower and Lender, as those terms are defined below, who, in consideration of the mutual covenants, conditions and agreements herein contained, agree as follows:
NOTENote • October 4th, 2019 • Stratus Properties Inc • Land subdividers & developers (no cemeteries)
THIS NOTE (this "Note"), dated September 30, 2019, is made and executed by SANTAL, L.L.C., a Delaware limited liability company ("Borrower") to the order of ACRC LENDER LLC, a Delaware limited liability company, its successors and assigns ("Lender") pursuant to a certain Loan and Security Agreement of even date between Borrower and Lender (as the same may be amended or modified, the "Loan Agreement"). Capitalized terms used in this Note and not defined in this Note shall have the meanings given to them in the Loan Agreement.
