PROMISSORY NOTE (Acquisition Loan)Promissory Note • April 23rd, 2018 • BBX Capital Corp • Real estate • Arizona
This Promissory Note (this “Note”) is executed pursuant to an Acquisition Loan and Security Agreement dated as of April 17, 2018 between Borrower and Holder (together with any and all amendments, supplements and restatements thereof, the “Loan Agreement”) and evidences the Advances under a non-revolving acquisition loan (the “Loan”). This Note also evidences Borrower's obligation to repay, with interest, all additional monies advanced or expended from time to time by Holder to or for the account of Borrower or otherwise added to the principal balance of this Note, as provided in the Loan Agreement, whether or not the principal amount shall thereby exceed the principal amount stated above.
Acquisition LOAN and security AGREEMENT By and Between ZB, N.A. DBA NATIONAL BANK OF ARIZONA AS LENDER and BLUEGREEN VACATIONS CORPORATION and BLUEGREEN VACATIONS UNLIMITED, INC., jointly and severally AS BORROWER Dated April 17, 2018Acquisition Loan and Security Agreement • April 23rd, 2018 • BBX Capital Corp • Real estate • Arizona
THIS ACQUISITION LOAN AND SECURITY AGREEMENT is made as of April 17, 2018 by and among BLUEGREEN VACATIONS CORPORATION, a Florida corporation (“BXG”) and BLUEGREEN VACATIONS UNLIMITED, INC., a Florida corporation (“BVU”), jointly and severally (individually and collectively, as the context requires “Borrower”) and ZB, N.A. DBA NATIONAL BANK OF ARIZONA, a national banking association (“Lender”).
