Common Contracts
2 similar Loan Agreement contracts by Lowell Farms Inc.
LOAN AGREEMENT by and between VIRIDESCENT REALTY TRUST, INC. (“Lender”) and LOWELL SR LLC, (“Borrower”) dated as of June 29, 2021Loan Agreement • July 6th, 2021 • Lowell Farms Inc. • Agricultural production-crops • California
TABLE OF CONTENTS Page Article I DEFINITIONS, ACCOUNTING PRINCIPLES, UCC TERMS 1.1 Definitions 1 1.2 Singular and Plural Forms 10 1.3 UCC Definitions 10 1.4 Accounting Terms 10 1.5 Amendments, Etc 10 1.6 Laws, Etc 11 Article II TERMS OF THE LOAN 2.1 The Loan 11 2.2 Security for the Loan 13 2.3 Origination Fee; Transaction Costs 14 2.4 Conditions Precedent to Closing 14 Article III BORROWER’S REPRESENTATIONS AND WARRANTIES 3.1 Existence, Power and Qualification 17 3.2 Power and Authority 17 3.3 Due Execution and Enforcement 18 3.4 Single Purpose Entity 18 3.5 Pending Matters 18 3.6 Financial Statements Accurate 18 3.7 Compliance with Facility Laws 18 3.8 Governmental Proceedings and Notices 19 3.9 Pledges of Accounts 19 3.1 Payment of Taxes and Property Impositions 19 3.11 Title to Collateral 19 3.12 Priority of Mortgage 19 3.13 Location of Chief Executive Offices 20 3.14 Disclosure 20 3.15 Trade Names 20 3.16 ERISA 20 3.17 Ownership 20 3.18 Intentionally Omitted 20 3.19
LOAN AGREEMENTLoan Agreement • July 6th, 2021 • California
THIS LOAN AGREEMENT (this “Agreement”) is made as of June 29, 2021, by and between LOWELL SR LLC, a California limited liability company, having its principal office at 20 Quail Run Circle, Salinas, California 93907 (together with its successors and assigns, the “Borrower”), and VIRIDESCENT REALTY TRUST, INC., a Maryland real estate investment trust, having an address at c/o Viridescent Capital Partners, 10242 Greenhouse Road, Building 1201, Cypress, Texas 77433 (“Lender”).
