SECURED REVOLVING NOTESecured Revolving Note • May 12th, 2016 • Community Choice Financial Inc. • Functions related to depository banking, nec • Ohio
WHEREAS, in connection with the execution, delivery and consummation of (x) that certain Membership Interest Purchase Agreement dated as of the date hereof by and among Lender, Borrower, Buckeye Check Cashing of Florida III, LLC, a Florida limited liability company (together with its successors and assigns “Buyer”), and certain affiliates of Buyer (as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Purchase Agreement”) and (y) the transactions executed in connection therewith, Buckeye Check Cashing of Florida, Inc. an Ohio corporation (together with its successors and assigns, the “Lender”), will, from time to time under the terms hereof, make loans (the “Revolving Loans”) to Buckeye Check Cashing of Florida II, LLC, a Delaware limited liability company (together with its successors and permitted assigns, “Borrower”), in an aggregate principal amount not to exceed SIX MILLION and 00/100 DOLLARS ($6,000,000) unless othe
MEMBERSHIP INTEREST PURCHASE AGREEMENT by and among BUCKEYE CHECK CASHING OF FLORIDA, INC. and BUCKEYE CHECK CASHING OF FLORIDA III, LLC AND CHECK CASHING U.S.A. HOLDINGS, INC. CHECK CASHING U.S.A. INC., ARMANDO’S INC. AND FOREMOST INC. Dated as of...Membership Interest Purchase Agreement • May 12th, 2016 • Community Choice Financial Inc. • Functions related to depository banking, nec • Delaware
THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Agreement”), is dated as of January , 2016 (the “Effective Date”), by and among Buckeye Check Cashing of Florida, Inc. an Ohio corporation (the “Seller”), the sole member of Buckeye Check Cashing of Florida II, LLC, a Delaware limited liability company (together with its successors and assigns, the “Company”), and Buckeye Check Cashing of Florida III, LLC, a Florida limited liability company (together with its successors and assigns, the “Buyer”) and each of the Assignees as defined below. The Seller, Buyer and the Assignees are sometimes referred to in this Agreement collectively as the “Parties” and each, individually, as a “Party”. Unless the context otherwise requires, terms used in this Agreement that are capitalized and not otherwise defined in context have the meanings set forth or cross-referenced in Article I.
