SINGLE ADVANCE TERM PROMISSORY NOTESingle Advance • May 18th, 2020
THIS SINGLE ADVANCE TERM PROMISSORY NOTE (this “Promissory Note”) to the Credit Agreement dated May 22, 2020 (such agreement, as may be amended, hereinafter referred to as the “Credit Agreement”), is entered into as of May 22, 2020 between COBANK, ACB, a federally-chartered instrumentality of the United States (“Lender”) and SOUTHERN WATER AND SEWER DISTRICT, McDowell, Kentucky (together with its permitted successors and assigns, the “Borrower”), a water district organized and existing under the laws of the Commonwealth of Kentucky. Capitalized terms not otherwise defined in this Promissory Note will have the meanings set forth in the Credit Agreement.
