Line Of Credit Sample Contracts

First Choice Healthcare Solutions, Inc. – Agreement to Modify Loan Maximum Line of Credit and Consent to Fchs Secured Debt Issuance (June 11th, 2015)

WHEREAS, CT Capital, LTD ("CT") entered into the Loan and Security Agreement, dated June 13, 2013, with First Choice Medical Group of Brevard, LLC ("FCMG") pursuant to which CT made a loan available to FCMG with a maturity date of December 31, 2016 (the "Loan");

Comstock Homebuilding Companies – LOAN AGREEMENT (Acquisition and Development Loan and Revolving Construction Line of Credit) (May 15th, 2015)

THIS LOAN AGREEMENT made effective as of the 20th day of February, 2015, by and between COMSTOCK STONE RIDGE, L.C., a Virginia limited liability company (the Borrower) and CARDINAL BANK, a Virginia state chartered bank (Lender).

Confirmation Letter - Discretionary Line of Credit (May 11th, 2015)

This is not a committed line of credit. The Company acknowledges and agrees that advances made under this line of credit, if any, shall be made at the sole discretion of the Bank. The Bank may decline to make advances under the line at any time and for any reason without prior notice to the Company, or the Bank may terminate the line at any time and for any reason upon written notice to the Company. This letter sets forth certain terms and conditions solely to assure that the parties understand each other's expectations and to assist the Bank in evaluating the status, on an ongoing basis, of the line of credit.

Minerco Resources, Inc. – Amendment to the Line of Credit, Dated May 1, 2014 (April 7th, 2015)

The parties agree that the $2,000,000 Line of Credit (the "Line of Credit") by and between Minerco Resources Inc. (the "Maker") and Post Oak, LLC (the "Lender") is hereby amended as follows:

Biolargo Inc. – Inventory and Accounts Receivable Line of Credit (March 31st, 2015)

This Line of Credit shall be used by Maker to procure materials, produce product, build inventory and finance accounts receivable.

Applied Optoelectronics, Inc. – Loan Approval Notice of E.SUN BANK (March 13th, 2015)

1. Interest rate (fee): The interest rate is calculated by adding an annual interest rate of over 0.41% to the 1.37% interest rate for one-month time deposits. That is, an interest is calculated using a floating interest rate of over 1.78%.

Broadview Institute Inc. – Second Amendment to the Line of Credit Authorization (February 17th, 2015)

This Second Amendment ("Second Amendment") is made this 12th day of February, 2015 by and between Terry Myhre ("Lender") and Broadview Institute, Inc. ("Borrower").

Comstock Homebuilding Companies – LOAN AGREEMENT (Development Loan and Revolving Construction Line of Credit) (November 13th, 2014)

THIS LOAN AGREEMENT made effective as of the 23rd day of July, 2014 by and between COMSTOCK YORKSHIRE, L.C., a Virginia limited liability company (the Borrower) and CARDINAL BANK, a Virginia state chartered bank (Lender).

Premier Financial Bancorp, Inc. – Line of Credit Renewal Agreement (October 10th, 2014)
Line of Credit Loan Agreement (September 9th, 2014)
Antriabio Inc – Line of Credit (May 20th, 2014)

For value received, Drywave Technologies, Inc., with offices at 1281 E. Magnolia, Suite D 106, Fort Collins, Colorado 80524, as principal ("Borrower"), promises to pay to the order of AntriaBio, Inc., ("Lender") at 55 Broad St., 19th Floor, New York, NY or at such other address as Lender shall from time to time specify in writing, a principal sum of up to ONE MILLION DOLLARS ($1,000,000.00), in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 days in a leap year, as the case may be.

Minerco Resources, Inc. – Line of Credit (May 7th, 2014)

This Line of Credit shall bear interest at the rate of ten percent (10.00%) per annum unless modified by paragraph 4 of this Line of Credit.

Northern Technologies International Corporation – PNC December 31, 2013 Matthew C. Wolsfeld, Chief Financial Officer Northern Technologies International Corporation 4201 Woodland Road Circle Pines, MN 55014 RE: Renewal of Expiration Date for Committed Line of Credit Loan #: 0010146473/33835685 Amount: $3,000,000.00 Dear Mr. Wolsfeld: (April 11th, 2014)

We are pleased to inform you that your committed line of credit has been renewed. The Expiration Date, as set forth in the Amended and Restated Committed Line of Credit Note dated January 10, 2011, as amended, and any loan agreement or letter agreement related thereto, if applicable (the "Agreement"), has been extended from January 8, 2014 to January 7, 2015, effective on January 9, 2014. All other terms and conditions of the Promissory Note and Agreement remain in full force and effect.

Confirmation Letter - Discretionary Line of Credit (March 25th, 2014)

This is not a committed line of credit. The Company acknowledges and agrees that advances made under this line of credit, if any, shall be made at the sole discretion of the Bank. The Bank may decline to make advances under the line at any time and for any reason without prior notice to the Company, or the Bank may terminate the line at any time and for any reason upon written notice to the Company. This letter sets forth certain terms and conditions solely to assure that the parties understand each other's expectations and to assist the Bank in evaluating the status, on an ongoing basis, of the line of credit.

Agreement to Amend the Line of Credit (March 10th, 2014)

This AGREEMENT TO AMEND LINE OF CREDIT (this "AGREEMENT"), is made and entered into by and between Invisa, Inc., a Nevada corporation, having a business at 1800 2nd Street, Suite 965, Sarasota, Florida 34236 (the "Borrower"), and Centurian Investors, Inc., a Delaware corporation, having an address at 1800 2nd Street Suite 970, Sarasota, Florida 34236 (the "Lender") as of this 7th day of March, 2014 (the "Effective Date").

Antriabio Inc – Line of Credit (November 14th, 2013)

For value received, Drywave Technologies, Inc., with offices at 1281 E. Magnolia, Suite D 106, Fort Collins, Colorado 80524, as principal ("Borrower"), promises to pay to the order of AntriaBio, Inc., ("Lender") at 55 Broad St., 19th Floor, New York, NY or at such other address as Lender shall from time to time specify in writing, a principal sum of up to ONE MILLION DOLLARS ($1,000,000.00), in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 days in a leap year, as the case may be.

Flux Power Holdings, Inc. – First Amendment to the Unrestricted and Open Line of Credit (October 22nd, 2013)

This First Amendment to the Unrestricted and Open Line of Credit (the "Amendment") is made and effective as of October 16, 2013 ("Amendment Effective Date") by and between Flux Power, Inc., a California corporation (the "Borrower"), and Esenjay Investments, LLC ( the "Lender").

LOAN AND SECURITY AGREEMENT (Accounts Receivable & Inventory Line of Credit) (October 7th, 2013)

This Loan and Security Agreement (Accounts Receivable & Inventory Line of Credit), is entered into as of December 9, 2008, by and between BFI Business Finance, a California corporation ("Lender"), with its headquarters' office located at 851 East Hamilton Avenue, 2nd Floor, Campbell, California 95008 and TransTech Systems, Inc. ("Borrower"), a(n) Oregon corporation, with its headquarters at its Chief Executive Office as defined herein.

Premier Financial Bancorp, Inc. – Contract (September 11th, 2013)
Comstock Homebuilding Companies – LOAN AGREEMENT (Acquisition and Development Loan and Revolving Construction Line of Credit) (August 13th, 2013)

THIS LOAN AGREEMENT made effective as of the 8th day of May, 2013 by and between COMSTOCK YORKSHIRE, L.C., a Virginia limited liability company (the Borrower), and CARDINAL BANK, a Virginia state chartered bank (Lender).

Corning Natural Gas Corp. – COMMERCIAL LINE OF CREDIT Community Bank AGREEMENT AND NOTE 240 South Hamilton Street Painted Post, New York 14870 (June 25th, 2013)
Broadview Institute Inc. – First Amendment to the Line of Credit Authorization (June 14th, 2013)

This First Amendment ("Amendment") is made this 13th day of June, 2013 by and between Terry Myhre ("Lender") and Broadview Institute, Inc. ("Borrower").

Gamzio Mobile, Inc. – Amendment to Line of Credit Agreements (June 3rd, 2013)

THIS AMENDMENT TO LINE OF CREDIT AGREEMENTS (this "Amendment"), dated as of May 24, 2013, is entered into by and between Marine Drive Mobile Corp., a Nevada corporation (the "Borrower") and Quarry Bay Capital LLC, a Delaware limited liability company (the "Lender").

Flux Power Holdings, Inc. – Agreement to Amend Unrestricted and Open Line of Credit (May 15th, 2013)

This Amendment ("Amendment") for the Unrestricted and Open Line of Credit ("Open Line Note") by and between Flux Power Inc., ("Flux", "Borrower" and/or "Corporation") of which was effective as of September 24, 2012 and Esenjay Investments LLC, ("Purchaser") with a principal address in Corpus Christi, TX and shall be effective on May 1st, 2014 (the "Amendment Effective Date").

Confirmation Letter - Discretionary Line of Credit (March 27th, 2013)

This is not a committed line of credit. The Company acknowledges and agrees that advances made under this line of credit, if any, shall be made at the sole discretion of the Bank. The Bank may decline to make advances under the line at any time and for any reason without prior notice to the Company, or the Bank may terminate the line at any time and for any reason upon written notice to the Company. This letter sets forth certain terms and conditions solely to assure that the parties understand each others expectations and to assist the Bank in evaluating the status, on an ongoing basis, of the line of credit.

Attention: Mark Byers the Directors Bleach Pty Ltd Rosebery NSW 2018 RE: $250,000 AUD Trade Finance Facility Dear Mark, I Refer to the Trade Finance Application Received 24th October 2011. (February 14th, 2013)

This is a formal confirmation that your facility has been approved, and that Moneytech has issued Bleach Pty Ltd with a $250,000 line of credit for use when paying local or overseas suppliers.

Aerosonic Corporation – RENEWAL Revolving Line of Credit Note (February 6th, 2013)
Flux Power Holdings, Inc. – Unrestricted and Open Line of Credit (September 27th, 2012)

Date: September 24, 2012 Borrower: Flux Power, Inc. Borrower's Address: 2240 Auto Park Way Escondido, CA 92029 Lender: Esenjay Investments, LLC Place for Payment: 500 N. Water, Suite 1100S Corpus Christi, TX 78471 Principal Amount: $1,500,000.00 Annual Interest Rate: Eight percent (8%) Primary Use of Funds: Open line of credit to be used at Borrower's discretion Maturity Date: September 24, 2014

Focus Venture Partners, Inc – Unsecured Line of Credit (July 24th, 2012)

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED, SOLD, LEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION SUBJECT TO, THE REGISTRATION REQUIREMENTS UNDER SUCH ACT OR AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT, IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE ECURITIES LAWS OF ANY STATE OF THE UNITED STATES OF AMERICA.

Focus Venture Partners, Inc – Unsecured Line of Credit (July 24th, 2012)

Up to $300,000.00 Dated: September 6, 2011 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION SUBJECT TO, THE REGISTRATION REQUIREMENTS UNDER SUCH ACT OR AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT, IN EACH CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OF AMERICA.

Zoom Telephonics – Zoom Telephonics Receives Line of Credit for Up to $1 Million (April 13th, 2012)

Boston, MA, April 12, 2012 - Zoom Telephonics ("Zoom") (OTCBB: ZMTP) announced today that on April 10, 2012 Zoom entered into a Loan and Security Agreement with Silicon Valley Bank. The Loan Agreement provides for up to $1 million of revolving credit subject to a borrowing base formula and other terms and conditions as specified in the Loan Agreement. The Loan Agreement has a one year term unless it is renewed. Borrowings are secured by all of Zoom's assets.

Broadview Institute Inc. – Line of Credit Authorization (April 5th, 2012)

LOAN TYPE. This is a Fixed Rate Nondisclosable Revolving Line of Credit Loan to a Corporation for $3,000,000.00 due on March 31, 2014. The reference rate ("Prime Rate" or successor rate as published daily in the Wall Street Journal-Midwest Edition, currently 3.5%) is added to a margin of 0.5%, resulting in a fixed rate of 4.0%. This is an unsecured loan.

Corning Natural Gas Corp. – LOAN NUMBER AGREEMENT DATE LOAN TERM LINE OF CREDIT LIMIT C-12-02-126276 February 27, 2012 on Demand (March 6th, 2012)

LINE OF CREDIT AGREEMENT AND NOTE. This Commercial Line of Credit Agreement and Note will be referred to in this document as the "Agreement."

Corning Natural Gas Corp. – LOAN NUMBER AGREEMENT DATE LOAN TERM LINE OF CREDIT LIMIT C-12-02-126276 February 27, 2012 on Demand (February 28th, 2012)

LINE OF CREDIT AGREEMENT AND NOTE. This Commercial Line of Credit Agreement and Note will be referred to in this document as the "Agreement."

Vista International Technologies Inc – $375,000 Line of Credit (The "Line of Credit") Extended by Richard C. Strain ("Lender") to Vista International Technologies, Inc. (The "Company") (November 21st, 2011)

On behalf of the Company we hereby request an advance of $50,000 (the "Advance") under the Line of Credit, to be wired to the Company no later than July 21, 2011, pursuant to the wire instructions attached to this letter as Exhibit A.