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LOAN NUMBER LOAN NAME ACCT. NUMBER NOTE DATE INITIALS
872000985 Midwest Cable 11/04/99 BVS
Communications of
Arkansas, Inc.
NOTE AMOUNT INDEX (w/Margin) RATE MATURITY DATE LOAN PURPOSE
$25,401.00 Not Applicable 9.750% 11/05/06 Commercial
Creditor Use Only
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COMMERCIAL LOAN AND SECURITY AGREEMENT
Single Advance Loan
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DATE AND PARTIES. The date of this Commercial Loan Agreement (Agreement) is
November 4, 1999. The parties and their addresses are as follows:
LENDER:
FIRST FINANCIAL BANK
0000 X. Xxxxxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Telephone: (000) 000-0000
BORROWER:
MIDWEST CABLE COMMUNICATIONS OF ARKANSAS, INC.
a Corporation
0000 Xxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
1. DEFINITIONS. For the purposes of this Agreement, the following terms have the
following meanings:
A. Accounting Terms. In this Agreement, any accounting terms that are not
specifically defined will have their customary meanings under generally
accepted accounting principles.
B. Insiders. Insiders include those defined as insiders by the United States
Bankruptcy Code, as amended; or to the extent left undefined, include
without limitation any officer, employee, stockholder or member, director,
partner, or any immediate family member of any of the foregoing, or any
person or entity which, directly or indirectly, controls, is controlled by
or is under common control with me.
C. Loan. The Loan refers to this transaction generally, including
obligations and duties arising from the terms of all documents prepared or
submitted for this transaction.
X. Xxxxxxxx. The pronouns "I," "me," and "my" refer to every Borrower
signing this Agreement, individually or together, and their heirs,
successors and assigns. "You" and "your" refers to the Loan's lender, any
participants or syndicators, or any person or company that acquires an
interest in the Loan and their successors and assigns.
E. Property. Property is any property, real, personal or intangible, that
secures my performance of the obligations of this Loan.
2. SINGLE ADVANCE. In accordance with the terms of this Agreement and other Loan
documents, you will provide me with a single advance term note in the amount of
$25,401.00 (Principal).
I will receive the funds from this Loan in one advance. No additional advances
are contemplated, except those made to protect and preserve your interests as
provided in this Agreement or other Loan documents.
3. DEMAND. I agree to fully repay the Loan on demand, but if no demand is made,
I will repay the Loan by November 5, 2006.
4. SECURITY AGREEMENT.
A. Secured Debts. This Security Agreement will secure the following debts
(Secured Debts), together with all extensions, renewals, refinancings,
modifications and replacements of the Secured Debts:
(1) Sums Advanced. All sums advanced and expenses incurred by you under
the terms of this Loan Agreement.
B. Security Interest. To secure the payment and performance of the Secured
Debts, I give you a security interest in all of the Property described in
this Security Agreement that I own now or in the future (including, but not
limited to, all parts, accessories, repairs, improvements, and accessions to
the Property), wherever the Property is or will be located, and all proceeds
and products from the Property. Property is all the collateral given as
security for the Secured Debts and described in this Security Agreement.
This Security Agreement remains in effect until terminated in writing, even
if the Secured Debts are paid and you are no longer obligated to advance
funds to me under any loan or credit agreement.
C. Property Description. The Property is described as follows:
(1) Motor Vehicle, Mobile Home, Sport Craft, or Trailer. A Trailer of
Make: Sunnybrook, Year: 2000. Model: Mobile Scout 33FKS, Serial No.:
4UBASOR24Y1C20070.
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D. Duties Toward Property.
(1) Protection of Secured Party's Interest. I will defend the Property
against any other claim. I agree to do whatever you require to protect
your security interest and to keep your claim in the Property ahead of
the claims of other creditors. I will not do anything to harm your
position.
I will keep books, records and accounts about the Property and my
business in general. I will let you examine these and make copies at any
reasonable time. I will prepare any report or accounting you request
which deals with the Property.
(2) Use, Location, and Protection of the Property. I will keep the
Property in my possession and in good repair. I will use it only for
commercial purposes. I will not change this specified use without your
prior written consent. You have the right of reasonable access to
inspect the Property and I will immediately inform you of any loss or
damage to the Property. I will not cause or permit waste to the
Property.
I will keep the Property at my address listed in the DATE AND PARTIES
section unless we agree I may keep it at another location. If the
Property is to be used in other states, I will give you a list of those
states. The location of the Property is given to aid in the
identification of the Property. It does not in any way limit the scope
of the security interest granted to you. I will notify you in writing
and obtain your prior written consent to any change in location of any
of the Property. I will not use the Property in violation of any law. I
will notify you in writing prior to any change in my address, name or,
if an organization, any change in my identity or structure.
Until the Secured Debts are fully paid and this Security Agreement is
terminated, I will not grant a security interest in any of the Property
without your prior written consent. I will pay all taxes and assessments
levied or assessed against me or the Property and provide timely proof
of payment of these taxes and assessments upon request.
(3) Selling, Leasing or Encumbering the Property. I will not sell, offer
to sell, lease, or otherwise transfer or encumber the Property without
your prior written permission. Your permission to sell the Property may
be reasonably withheld without regard to the creditworthiness of any
buyer or transferee. I will not permit the Property to be the subject of
any court order affecting my rights to the Property in any action by
anyone other than you.
(4) Additional Duties Specific to Motor Vehicles, Sport Craft, or
Trailers. So long as I am not in default under this Security Agreement,
the Motor Vehicle, Sport Craft, or Trailer portion of the Property will
not be restricted to a specific location and may be moved as necessary
during ordinary use. However, they may not be removed from the United
States or Canada without your prior written consent, nor taken out of
state permanently.
E. Authority To Perform. I authorize you to do anything you deem reasonably
necessary to protect the Property, and perfect and continue your security
interest in the Property. If I fail to perform any of my duties under this
Security Agreement or any other security interest, you are authorized,
without to me, to perform the duties or cause them to be performed.
These authorizations include, but are not limited to, permission to:
(1) pay and discharge taxes, liens, security interests or other
encumbrances at any time levied or placed on the Property.
(2) pay any rents or other charges under any lease affecting the
Property.
(3) order and pay for the repair, maintenance and preservation of the
Property.
(4) sign, when permitted by law, and file any financing statements on my
behalf and pay for filing and recording fees pertaining to the Property.
(5) place a note on any chattel paper indicating your interest in the
Property.
(6) take any action you feel necessary to realize on the Property,
including performing any part of a contract or endorsing it in my name.
(7) handle any suits or other proceedings involving the Property in my
name.
(8) prepare, file, and sign my name to any necessary reports or
accountings.
(9) make an entry on my books and records showing the existence of this
Agreement.
If you perform for me, you will use reasonable care. Reasonable care will
not include: any steps necessary to preserve rights against prior parties;
the duty to send notices, perform services or take any other action in
connection with the management of the Property; or the duty to protect,
preserve or maintain any security interest given to others by me or other
parties. Your authorization to perform for me will not create an obligation
to perform and your failure to perform will not preclude you from exercising
any other rights under the law or this Security Agreement.
If you come into actual or constructive possessions of the Property, you
will preserve and protect the Property. For purposes of this paragraph, you
will be in actual possession of the Property only when you have physical,
immediate and exclusive control over the Property and you have affirmatively
accepted that control. You will be in constructive possession of the
Property only when you have both the power and the intent to exercise
control over the Property.
5. WARRANTIES AND REPRESENTATIONS. I make to you the following warranties and
representations which will continue as long as this Loan is in effect, except
when this Agreement provides otherwise.
A. Power. I am duly organized, and validly existing and in good standing in
all jurisdictions in which I operate. I have the power and authority to
enter into this transaction and to carry on my business or activity as it is
now being conducted and, as applicable, am qualified to do so in each
jurisdiction in which I operate.
B. Authority. The execution, delivery and performance of this Loan and the
obligation evidenced by the Note are within my powers, have been duly
authorized, have received all necessary governmental approval, will not
violate any provision of law, or order of court or governmental agency, and
will not violate any agreement to which I am a party or to which I am or any
of my property is subject.
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C. Name and Place of Business. Other than previously disclosed in writing to
you I have not changed my name or principal place of business within the
last 10 years and have not used any other trade or fictitious name. Without
your prior written consent, I do not and will not use any other name and
will preserve my existing name, trade names and franchises.
D. Ownership of Property. To the extent this is a Purchase Money Security
Interest I will acquire ownership of the Property with the proceeds of the
Purchase Money Loan. Your claim to the Property is ahead of the claims of
any other creditor, except as disclosed in writing to you prior to any
advance on the Secured Debts. I represent that I am the original owner of
the Property and, if I am not, that I have provided you with a list of prior
owners of the Property.
E. Year 2000 Compliance. As of the date of this Loan I have assessed the
risk of Year 2000 compliance and have formulated, approved, and implemented
a comprehensive business plan (Year 2000 Plan) to meet "Year 2000
requirements." "Year 2000 requirements" include analyzing, programming, and
testing all of my information technology systems to accurately process date
and time data, including, but not limited to, calculating, comparing, and
sequencing functions. "Year 2000 requirements" apply to all systems or
processes that directly or indirectly affect my business, such as accounting
and processing procedures, as well as basic electronic devices that are
necessary to facility management, such as security systems, elevators, and
telephones. My Year 2000 Plan includes an allocation of resources toward
meeting Year 2000 requirements, an inventory of all affected systems,
processes to assess and prepare for the interaction of my systems with
external systems, periodic testing and evaluation of progress under my Year
2000 Plan, and contingency arrangements for Year 2000 failure, either by me
or by my partners, affiliates, vendors, or customers.
F. Loan Purpose. This Loan is for Commercial purposes.
G. No Other Liens. I own or lease all property that I need to conduct my
business and activities. I have good and marketable title to all property
that I own or lease. All of my Property is free and clear of all liens,
security interests, encumbrances and other adverse claims and interests,
except those to you or those you consent in writing.
H. Compliance With Laws. I am not violating any laws, regulations, rules,
orders, judgments or decrees applicable to me or my property, except for
those which I am challenging in good faith through proper proceedings after
providing adequate reserves to fully pay the claim and its challenge should
I lose.
6. FINANCIAL STATEMENTS. I will prepare and maintain my financial records using
consistently applied generally accepted accounting principles then in effect. I
will provide you with financial information in a form that you accept under the
following terms.
A. Certification. I represent and warrant that any financial statements
that I provide you fairly represents my financial condition for the stated
periods, is current, complete, true and accurate in all material respects,
includes all of my direct or contingent liabilities and there has been no
material adverse change in my financial condition, operations or business
since the date the financial information was prepared.
B. Frequency. In addition to the financial statements provided to you prior
to closing, I will provide you with current financial statements on an
annual basis, or as otherwise requested by you, until I have performed all
of my obligations under the Loan and you terminate the Loan in writing.
C. Requested Information. I will provide you with any other information
about my operations, financial affairs and condition within days after your
request.
7. COVENANTS. Until the Loan and all related debts, liabilities and obligations
are paid and discharged, I will comply with the following terms, unless you
waive compliance in writing.
A. Participation. I consent to you participating or syndicating the Loan
and sharing any information that you decide is necessary about me and the
Loan with the other participants or syndicators.
B. Inspection. Upon reasonable notice, I will permit you or your agents to
enter any of my premises and any location where my Property is located
during regular business hours to do the following.
(1) You may inspect, audit, check, review and obtain copies from my
books, records, journals, orders, receipts, and any correspondence and
other business related data.
(2) You may discuss my affairs, finances and business with any one who
claims to be my creditor.
(3) You may inspect my Property, audit for the use and disposition of
the Property's proceeds and proceeds of proceeds; or do whatever you
decide is necessary to preserve and protect the Property and your
interest in the Property.
After prior notice to me, you may discuss my financial condition and
business operations with my independent accountants, if any, or my chief
financial officer and I may be present during these discussions. As long as
the Loan is outstanding, I will direct all of my accountants and auditors
to permit you to examine my records in their possession and to make copies
of these records. Xx will use your best efforts to maintain the
confidentiality of the information you or your agents obtain, except you
may provide your regulator, if any, with required information about my
financial condition, operation and business or that of my parent,
subsidiaries or affiliates.
C. Business Requirements. I will preserve and maintain my present existence
and good standing in the jurisdiction where I am organized and all of my
rights, privileges and franchises. I will do all that is needed or required
to continue my business or activities as presently conducted, by obtaining
licenses, permits and bonds everywhere I engage in business or activities
or own, lease or locate my property. I will obtain your prior written
consent before I cease my business or before I engage in any new line of
business that is materially different from my present business.
D. Compliance with Laws. I will not violate any laws, regulations, rules,
orders, judgments or decrees applicable to me or my Property, except for
those which I challenge in good faith through proper proceedings after
providing adequate reserves to fully pay the claim and its appeal should I
lose. Laws include without limitation the Federal Fair Labor Standards Act
requirements for producing goods, the federal Employee Retirement Income
Security Act of 1974's requirements for the establishment, funding and
management of qualified deferred compensation plans for employees, health
and safety laws, environmental laws, tax laws, licensing and permit laws.
On your request, I will provide you with written
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evidence that I have fully and timely paid my taxes, assessments and other
governmental charges levied or imposed on me, my income or profits and my
property. Taxes include without limitation sales taxes, use taxes, personal
property taxes, documentary stamp taxes, recordation taxes, franchise
taxes, income taxes, withholding taxes, FICA taxes and unemployment taxes.
I will adequately provide for the payment of these taxes, assessments and
other charges that have accrued but are not yet due and payable.
E. Year 2000 Compliance. I will take all measures necessary to fulfill the
requirements of my Year 2000 Plan and meet all Year 2000 requirements as
specified in the WARRANTIES AND REPRESENTATIONS section. I agree to make my
Year 2000 Plan available to you, if requested, and will keep you informed
of progress made under my Year 2000 Plan. I will immediately notify you of
any actual or anticipated delays in meeting dates designated in my Year
2000 Plan or failure to accomplish any objectives of my Year 2000 Plan. I
will allow you, or a third party you designate, reasonable access to my
information technology systems for the purpose of determining progress made
under my Year 2000 Plan. I agree that you have no responsibility for
managing, advising, or executing any of my efforts to comply with Year 2000
requirements or my Year 2000 Plan.
F. New Organizations. I will obtain your written consent and any necessary
changes to the Loan documents before I organize or participate in the
organization of any entity, merge into or consolidate with any one, permit
any one else to merge into me, acquire all or substantially all of the
assets of any one else or otherwise materially change my legal structure,
management, ownership or financial condition.
G. Other Liabilities. I will not incur, assume or permit any debt evidenced
by notes, bonds or similar obligations, except: debt in existence on the
date of this Agreement and fully disclosed to you; debt subordinated in
payment to you on conditions and terms acceptable to you; accounts payable
incurred in the ordinary course of my business and paid under customary
trade terms or contested in good faith with reserves satisfactory to you.
H. Notice to You. I will promptly notify you of any material change in my
financial condition, of the occurrence of a default under the terms of this
Agreement, or a default by me under any agreement between me and any third
party which materially and adversely affects my property, operations,
financial condition or business.
I. Dispose of No Assets. Without your prior written consent or as the Loan
documents permit, I will not sell, lease, assign, transfer, dispose of or
otherwise distribute all or substantially all of my assets to any person
other than in the ordinary course of business for the assets depreciated
book value or more.
J. Insurance. I will obtain and maintain insurance with insurers, in
amounts and coverages that are acceptable to you and customary with
industry practice. This may include without limitation insurance policies
for public liability, fire, hazard and extended risk, workers compensation,
and, at your request, business interruption and/or rent loss insurance. I
will keep the Property insured against the risks reasonably associated with
the Property. This insurance will last until the Property is released from
this Agreement. I may choose the insurance company, subject to your
approval, which will not be unreasonably withheld. At your request, I will
deliver to you certified copies of all of these insurance policies, binders
or certificates. I will obtain and maintain a mortgagee or loss payee
endorsement for you when these endorsements are available. I will
immediately notify you of cancellation or termination of insurance. I will
require all insurance policies to provide you with at least 10 days prior
written notice to you of cancellation or modification. I consent to you
using or disclosing information relative to any contract of insurance
required by the Loan for the purpose of replacing this insurance. I also
authorize my insurer and you to exchange all relevant information related
to any contract of insurance required by any document executed as part of
this Loan.
You may apply the insurance proceeds toward which is owned on the Secured
Debts. You may require added security as a condition of permitting any
insurance proceeds to be used to repair or replace the Property.
If you acquire the Property in damaged condition, my right to any insurance
policies and proceeds will pass to you to the extent of the Secured Debts.
If I fail to keep the Property insured, you may obtain insurance to protect
your interest in the Property. This insurance may include coverages not
originally required of me, may be written by a company other than one I
would choose, and may be written at a higher rate than I could obtain if I
purchased the insurance.
K. Property Maintenance. I will keep all tangible and intangible property
that I consider necessary or useful in my business in good working
condition by making all needed repairs, replacements and improvements and
by making all rental, lease or other payments due on this property.
L. Property Loss. I will immediately notify you, and the insurance company
when appropriate, of any material casualty, loss or depreciation to the
Property or to my other property that affects my business.
8. DEFAULT. I will be in default if any one or more of the following occur. You
may demand payment at any time in your sole discretion whether or not any of the
following events have occurred. You can demand payment in full upon the
occurrence of any of the following events.
A. Payments. I fail to make a payment in full when due.
B. Insolvancy. I make an assignment for the benefit of creditors or become
insolvent, either because my liabilities exceed my assets or I am unable to
pay my debts as they become due.
C. Business Termination. I merge, dissolve, reorganize, end my business or
existence, or a partner or majority stockholder dies or is declared
incompetent.
D. Failure of Condition or Term. I fail to pay, or perform any condition or
to keep any promise or covenant on this or any debt or agreement I have
with you.
E. Misrepresentation. I make any verbal or written statement or provide any
financial information that is untrue, inaccurate, or conceals a material
fact at the time it is made or provided.
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F. Judgment. I fail to pay or discharge any judgment against me for the
payment of money, unless, within 10 days of its entry, the judgment is
satisfied or a stay of enforcement is granted pending an appeal.
G. Forfeiture. The Property is used in a manner or for a purpose which
threatens
H. Name Change. I change my name or assume an additional name without
notifying you before making such a change.
I. Property Transfer. I transfer all or a substantial part of my money or
property.
J. Material Change. Without first notifying you, there is a material change
in my business, including ownership, management, and financial conditions.
K. Property Loss. The Property is damaged, destroyed or stolen.
L. Additional Security or Guaranty. I fail to provide any additional
security or guaranty that you may require.
M. Insurance. I fail to keep the Property insured, if required.
N. Other Instruments. A default occurs under the terms of any instrument
evidencing or pertaining to the Loan.
O. Insecurity. Anything else happens that causes you to reasonably believe
that you will have difficulty collecting the amount I owe you or
significantly impairs the value of the Property.
9. REMEDIES. After I default, and after you give any legally required notice and
opportunity to cure the default, you may at your option do any one or more of
the following.
A. Acceleration. You may make all or any part of the amount owing by the
terms of the Loan immediately due.
B. Additional Security. You may demand security, additional security, or
additional parties to be obligated to pay the Loan.
C. Sources. You may use any and all remedies you have under state or
federal law or in any instrument securing the Loan.
D. Insurance Benefits. You may make a claim for any and all insurance
benefits or refunds that may be available on my default.
E. Payments Made on Behalf. Amounts advanced on my behalf will be
immediately due and may be added to the balance owing under the terms of
the Loan, and accrue interest at the highest post-maturity interest rate.
F. Attachment. You may attach or garnish my wages or earnings.
G. Set-Off. You may use the right of set-off. This means you may set-off
any amount due and payable under the terms of the Loan against any right I
have to receive money from you. My right to receive money from you includes
any deposit or share account balance I have with you; any money owed to me
on an item presented to you or in your possession for collect or exchange;
and any repurchase agreement or other non-deposit obligation. "Any amount
due and payable under the terms of the Loan" means the total amount to
which you are entitled to demand payment under the terms of the Loan at the
time you set-off.
Subject to any other written contract, if my right to receive money form
you is also owned by someone who has not agreed to pay the Loan, you right
of set-off will be limited to my proportionate interest in the obligation.
In the absence of reasonable proof of net contributions, my proportionate
interest equals the amount of such obligation divided equally by all
parties having present rights to receive such money.
Your right of set-off does not apply to an account or other obligation
where my rights arise only in a representative capacity. It also does not
apply to any Individual Retirement Account or other tax-deferred retirement
account.
You will not be liable for the dishonor of any check or share draft when
the dishonor occurs because you set-off against any of my accounts. I agree
to hold you harmless from any such claims arising as a result of your
exercise of your right of set-off.
H. Assembly of Property. You may require me to gather the Property and make
it available to you in a reasonable fashion.
I. Repossession. You may repossess the Property so long as the repossession
does not involve a breach of the peace. You may sell the Property as
provided by law. You may apply what you receive from the sale of the
Property to your expenses, your attorneys' fees and legal expenses (where
not prohibited by law), and any debt I owe you. If what you receive from
the sale of the Property does not satisfy the debt, I will be liable for
the deficiency (where permitted by law). In some cases, you may keep the
Property to satisfy the debt.
Where a notice is required, I agree that ten days prior written notice sent
by first class mail to my address listed in this Loan Agreement will be
reasonable notice to me under the Arkansas Uniform Commercial Code. If the
Property is perishable or threatens to decline speedily in value, you may,
without notice to me, dispose of any or all of the Property in a
commercially reasonable manner at my expense following any commercially
reasonable preparation or processing.
If any items not otherwise subject to this Loan Agreement are contained in
the Property when you take possession, you may hold these items for me at
my risk and you will not be liable for taking possession of them.
J. Use and Operation. You may enter upon my premises and take possession of
all or any part of my property for the purpose of preserving the Property
or its value, so long as you do not breach the peace. You may use and
operate my property for the length of time you feel is necessary to protect
your interest, all without payment or compensation to me.
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X. Xxxxxx. Except as otherwise required by law, by choosing any one or more
of these remedies you do not give up your right to use any other remedy.
You do not waive a default if you choose not to use a remedy. By electing
not to use any remedy, you do not waive your right to later consider the
event a default and to use any remedies if the default continues or occurs
again.
10. COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after Default, to the extent
permitted by law, I agree to pay all expenses of collection, enforcement or
protection of your rights and remedies under this Agreement. Expenses include,
but are not limited to, reasonable attorneys' fees (as determined under Ark.
Code Xxx. ss.16-22-308), court costs, and other legal expenses. If not paid
immediately, these expenses will bear interest from the date of the payment
until paid in full at the same interest rate in effect as provided in the terms
of this Loan. All fees and expenses will be secured by the Property I have
granted to you, if any. To the extent permitted by the United States Bankruptcy
Code, I agree to pay the reasonable attorneys' fees you incur to collect this
debt as awarded by any court exercising jurisdiction under the Bankruptcy Code.
11. APPLICABLE LAW. This Agreement is governed by the laws of Arkansas, the
United States of America and to the extent required, by the laws of the
jurisdiction where the Property is located. In the event of a dispute, the
exclusive forum, venue and place of jurisdiction will be in Arkansas, unless
otherwise required by law.
12. JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS. My obligation to pay this
Loan is independent of the obligation of any other person who has also agreed to
pay it. You may sue me alone, or anyone else who is obligated on this Loan, or
any number of us together, to collect this Loan. Extending this Loan or new
obligations under this Loan, will not affect my duty under this Loan and I will
still be obligated to pay this Loan. The duties and benefits of this Loan will
bind and benefit the successors and assigns of you and me.
13. AMENDMENT, INTEGRATION AND SEVERABILITY. This Agreement may not be amended
or modified by oral agreement. No amendment or modification of this Agreement is
effective unless made in writing and executed by you and me. This Agreement is
the complete and final expression of the understanding between you and me. If
any provision of this Agreement is unenforceable, then the unenforceable
provision will be severed and the remaining provisions will still be
enforceable.
14. INTERPRETATION. Whenever used, the singular includes the plural and the
plural includes the singular. The section headings are for convenience only and
are not to be used to interpret or define the terms of this Agreement.
15. NOTICE, FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Unless otherwise
required by law, any notice will be given by delivering it or mailing it by
first class mail to the appropriate party's address listed in the DATE AND
PARTIES section, or to any other address designated in writing. Notice to one
party will be deemed to be notice to all parties. I will inform you in writing
of any change in my name, address or other application information. I will
provide you any financial statement or information you request. All financial
statements and information I give you will be correct and complete. I agree to
sign, deliver, and file any additional documents or certifications that you may
consider necessary to perfect, continue, and preserve my obligations under this
Loan and to confirm your lien status on any Property. Time is of the essence.
16. SITNATURES. By signing, I agree to the terms contained in this Agreement. I
also acknowledge receipt of a copy of this Agreement.
BORROWER:
Midwest Cable Communications of Arkansas, Inc.
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Authorized Xxxxxx
LENDER:
First Financial Bank
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Xxx X. Xxxxxxx, Consumer Loan Officer
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