LOAN AUTHORIZATION AGREEMENT DATED: APRIL 14, 2022Loan Authorization Agreement • May 2nd, 2022 • Intermedia Cloud Communications, Inc. • Services-prepackaged software • Illinois
The Company referred to below has applied for, and BMO Harris Bank N.A. (“Lender”) has approved the establishment of, a loan authorization account (“Loan Account”) from which the Company may from time to time request Loans (as defined herein) and may request letters of credit up to the maximum amount of credit shown below (the “Amount of Maximum Credit”), provided that the aggregate principal amount of Loans and letters of credit hereunder shall not exceed the Amount of Maximum Credit. Interest on such Loans is computed at a variable rate which may change daily based upon changes in the Lender’s Prime Rate or the SOFR Quoted Rate (each hereinafter defined). The Company may make principal payments at any time and in any amount without premium or penalty. The request by the Company for, and the making by the Lender of, any loan against the Loan Account or the issuance by the Lender of any letters of credit pursuant hereto, shall constitute an agreement between the Company and the Lender
