LOAN AND SECURITY AGREEMENT among SILVERLEAF RESORTS, INC. (as Borrower) and THE PARTIES WHICH HEREAFTER EXECUTE THIS AGREEMENT OR A JOINDER AGREEMENT (as Lenders) and LIBERTY BANK (as Lender and as Facility and Collateral Agent) As of September 28, 2007Loan and Security Agreement • October 4th, 2007 • Silverleaf Resorts Inc • Real estate agents & managers (for others) • Connecticut
THIS LOAN AND SECURITY AGREEMENT, dated as of September 28, 2007, entered into by and among SILVERLEAF RESORTS, INC., a Texas corporation, having an address of 1221 River Bend Drive, Suite 120, Dallas, Texas 75247 (as “Borrower”), the parties, including LIBERTY BANK, a Connecticut nonstock mutual savings bank, having an office and place of business at 315 Main Street, Middletown, Connecticut 06457 which execute and deliver this Agreement or a joinder agreement to this Agreement in their respective capacities as Lenders hereunder (collectively, the “Lenders” and each individually a “Lender”) and LIBERTY BANK as facility agent and collateral agent (“Agent”).
