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R98-41 AUTHORIZING LOAN AGREEMENT
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R98-41 AUTHORIZING LOAN AGREEMENT
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Last modified
4/12/2016 11:58:02 AM
Creation date
4/12/2016 11:58:00 AM
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Resolution/Ordinance
Res Ord Num
R98-41
Res Ord Title
AUTHORIZING LOAN AGREEMENT - ONE MAIN PLACE
Approved Date
3/30/1998
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i (� � {, <br /> t � '• <br /> -12- <br /> prepared in accordance with generally accepted accounting <br /> principles consistently applied, and do and shall fairly present <br /> the financial conditions of the businesses or person to which <br /> they pertain, and no materially adverse change has occurred in <br /> the financial conditions reflected therein since the respective <br /> dates thereof. <br /> 4.4 Accuracv of Documents. Al1 documents furnished to <br /> Decatur by or on behalf of Cardwell as part of or in support of <br /> Cardwell 's loan application to Decatur are true, correct and <br /> complete, and accurately represent the matters to which they <br /> pertain. <br /> ARTICLE V - Affirmative Covenants <br /> During the term of this Agreement, and so long thereafter as <br /> the Note and any other indebtedness of Cardwell to Decatur, <br /> including any indebtedness for fees and expenses, shall remain <br /> unpaid, Cardwell will: <br /> 5. 1 Payments. Duly and punctually pay without notice or <br /> demand the principal of and interest on the Note and all other <br /> indebtedness incurred pursuant to this Loan Agreement in the <br /> manner set forth in this Loan Agreement according to the true <br /> intent and meaning hereof. <br /> 5.2 Future Financial Statements. Furnish to Decatur (i) <br /> within 90 days after the end of each of its fiscal years, an <br /> operating financial statement of One Main Place as of the end of <br /> such year, which statement shall consist of a balance sheet, an <br />
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