CREDIT AGREEMENT Dated as of July 20, 2007 Between FIRSTMERIT CORPORATION as Borrower and SunTrust Bank, as Lender (February 18th, 2009)
CREDIT AGREEMENT dated as of July 20, 2007, between FIRSTMERIT CORPORATION, an Ohio corporation (the Borrower), and SunTrust Bank (the Lender).
Committed Line of Credit Note (Multi-Rate Options) (February 18th, 2009)
FOR VALUE RECEIVED, FIRSTMERIT CORPORATION (the Borrower), with an address at 106 S. Main Street, Akron, OH 44308, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the Bank), in lawful money of the United States of America in immediately available funds at its offices located at One PNC Plaza, 249 Fifth Avenue, Pittsburgh, Pennsylvania 15222-2707, or at such other location as the Bank may designate from time to time, the principal sum of FIFTEEN MILLION DOLLARS ($15,000,000.00) (the Facility) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
Re: $15,000,000.00 Committed Line of Credit (February 18th, 2009)
We are pleased to inform you that PNC Bank, National Association (the Bank), has approved your request for a committed line of credit to FirstMerit Corporation (the Borrower). We look forward to this opportunity to help you meet the financing needs of your business. All the details regarding your line of credit are outlined in the following sections of this letter.