Common Contracts
2 similar Renewal Revolving Credit Note contracts by Deer Valley Corp
RENEWAL REVOLVING CREDIT NOTE (the “Note”)Renewal Revolving Credit Note • May 14th, 2009 • Deer Valley Corp • Mobile homes
FOR VALUE RECEIVED, the undersigned borrower, DEER VALLEY HOMEBUILDERS, INC., an Alabama corporation (the “Borrower”) promises to pay to the order of FIFTH THIRD BANK, a Michigan banking corporation (the “Lender”), at 201 E. Kennedy Blvd., Suite 1800, Tampa, Florida 33602, or at such other place as Lender may from time to time designate in writing, with payment due as provided herein and in the Revolving Credit Loan and Security Agreement, as amended (the “Credit Agreement”), the principal sum not to exceed $5,000,000.00, or so much thereof as has been disbursed for advances hereunder. This Note the renews in its entirety and supersedes that certain Renewal and Consolidation Revolving Credit Note dated effective April 12, 2008, in the original principal amount of $7,500,000.00.
RENEWAL REVOLVING CREDIT NOTE (the "Note")Renewal Revolving Credit Note • April 16th, 2007 • Deer Valley Corp • Mobile homes
FOR VALUE RECEIVED, the undersigned borrower, DEER VALLEY HOMEBUILDERS, INC., an Alabama corporation (the "Borrower") promises to pay to the order of FIFTH THIRD BANK, a Michigan banking corporation (the "Lender"), at 201 E. Kennedy Blvd., Suite 1800, Tampa, Florida 33602, or at such other place as Lender may from time to time designate in writing, with payment due as provided herein and in the Revolving Credit Loan and Security Agreement of even date herewith (the "Credit Agreement"), the principal sum not to exceed $2,500,000.00, or so much thereof as has been disbursed for advances hereunder. This Note renews its entirety that certain Revolving Credit Note dated April 12, 2006.
