TERMINATION OF COMMERCIAL LOAN AGREEMENT (Loan No. 9117000148)Loan Agreement • May 16th, 2011 • Icon Leasing Fund Twelve, LLC • Services-equipment rental & leasing, nec
This Termination of Commercial Loan Agreement is made as of May 10, 2011 by and between CALIFORNIA BANK & TRUST, a California banking corporation (“Bank”) and ICON INCOME FUND EIGHT B L.P.; ICON INCOME FUND NINE, LLC; ICON INCOME FUND TEN, LLC; ICON LEASING FUND ELEVEN, LLC; ICON LEASING FUND TWELVE, LLC; and ICON EQUIPMENT AND CORPORATE INFRASTRUCTURE FUND FOURTEEN, L.P. (collectively, the “Existing Borrowers”).
COMMERCIAL LOAN AGREEMENT (Loan No. _______________)Commercial Loan Agreement • May 16th, 2011 • Icon Leasing Fund Twelve, LLC • Services-equipment rental & leasing, nec
This Commercial Loan Agreement dated as of May 10, 2011 (“Agreement”) is by and among CALIFORNIA BANK & TRUST, a California banking corporation, as lender (“Bank”), and ICON LEASING FUND TWELVE, LLC, as borrower (“Borrower”). Previously, pursuant to a Commercial Loan Agreement, dated August 31, 2005, as amended from time to time, between Bank, Borrower and other entities affiliated with Borrower, Bank extended a line of credit to Borrower and those entities (“Prior Line of Credit”), which is being concurrently terminated with the execution of this Agreement.
