SEAFIRST BANK BUSINESS LOAN AGREEMENT This Seafirst Business Loan Agreement ("Agreement") is made between Bank of America NT&SA doing business as Seafirst Bank ("Bank") and The Coeur d'Alenes Co. Inc. and Union Iron Works, Inc. of Spokane ("Borrower")...Bank Business Loan Agreement • January 20th, 1998 • Coeur D Alenes Co /Ia/ • Fabricated structural metal products
SEAFIRST BANK BUSINESS LOAN AGREEMENT This Seafirst Business Loan Agreement ("Agreement") is made between Bank of America NT&SA doing business as Seafirst Bank ("Bank") and The Coeur d'Alenes Co. Inc. and Union Iron Works, Inc. of Spokane ("Borrower") with respect to the following: PART A I. NON REVOLVING LINE / TERM LOAN #TBA. Subject to the terms of this Agreement, Bank agrees to lend to Borrower as follows: (a) Amount: $250,000.00 under a Non-Revolving Line, available through expiration of April 1, 1998, at which time the outstanding principal balance will be converted to a Term Loan, fully amortized over 84 months. Maturity date April 1, 2005. (b) Interest Rate: [X] Bank's publicly announced Reference Rate plus 0.50 percent of the principal per annum. "Reference Rate" means the rate of interest publicly announced from time to time by Bank in San Francisco, California as its "Reference Rate". The Reference Rate is set based on various factors, including Bank's costs and desired retu
