Common Contracts
2 similar Receivables Loan Note contracts by BBX Capital Corp, Bluegreen Vacations Corp
THIRD AMENDED AND RESTATED RECEIVABLES LOAN NOTEReceivables Loan Note • July 2nd, 2020 • BBX Capital Corp • Real estate • Connecticut
FOR VALUE RECEIVED, the undersigned, BLUEGREEN VACATIONS CORPORATION, a Florida corporation formerly known as Bluegreen Corporation (the “Borrower”), promises to pay to the order of LIBERTY BANK, a Connecticut nonstock mutual savings bank (“Lender”) the principal sum of FORTY MILLION DOLLARS ($40,000,000) or such greater or lesser amount as may be advanced by Lender as the Receivables Loan under the Receivables Loan Agreement (as defined below), together with interest on the unpaid principal balance hereof, before and after maturity, by acceleration or otherwise, at the rate hereinafter provided, and with the principal and interest payments required below, together with all costs of collecting this Note, including reasonable attorney’s fees.
THIRD AMENDED AND RESTATED RECEIVABLES LOAN NOTEReceivables Loan Note • June 30th, 2020 • Bluegreen Vacations Corp • Real estate agents & managers (for others) • Connecticut
FOR VALUE RECEIVED, the undersigned, BLUEGREEN VACATIONS CORPORATION, a Florida corporation formerly known as Bluegreen Corporation (the “Borrower”), promises to pay to the order of LIBERTY BANK, a Connecticut nonstock mutual savings bank (“Lender”) the principal sum of FORTY MILLION DOLLARS ($40,000,000) or such greater or lesser amount as may be advanced by Lender as the Receivables Loan under the Receivables Loan Agreement (as defined below), together with interest on the unpaid principal balance hereof, before and after maturity, by acceleration or otherwise, at the rate hereinafter provided, and with the principal and interest payments required below, together with all costs of collecting this Note, including reasonable attorney’s fees.
