Revolving Judgment Note And Security Agreement this note contains a confession of judgment. read it carefully.Security Agreement • July 13th, 2011 • Resource Capital Corp. • Real estate investment trusts • Pennsylvania
FOR VALUE RECEIVED, RESOURCE CAPITAL CORP., a Maryland corporation (“RCC”), and RCC REAL ESTATE, INC., a Delaware corporation (“RCC Real Estate,” together with RCC, jointly, severally and collectively, herein “Borrower”), having an office at One Crescent Drive, Suite 203, Navy Yard Corporate Center, Philadelphia, PA 19112, hereby promises to pay to the order of THE BANCORP BANK (“Bank”), at its office 1818 Market Street, 28th Floor, Philadelphia, PA 19103, or at such other place as the holder may, from time to time, designate, the sum of Ten Million Dollars ($10,000,000), lawful money of the United States of America, together with interest thereon from the date hereof at the rates hereinafter provided, and both payable as hereinafter provided (this “Note”)
