CREDIT AGREEMENTCredit Agreement • March 28th, 2019 • Independent Bank Corp • State commercial banks • New York
THIS CREDIT AGREEMENT is entered into and effective as of March 28, 2019, by and between INDEPENDENT BANK CORP., a Massachusetts corporation and a registered bank holding company (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (the “Lender”).
REVOLVING CREDIT NOTERevolving Credit Note • March 28th, 2019 • Independent Bank Corp • State commercial banks
FOR VALUE RECEIVED, INDEPENDENT BANK CORP., a Massachusetts corporation and a registered bank holding company (“Borrower”), hereby promises to pay to U.S. BANK NATIONAL ASSOCIATION, a national banking association, or its permitted assigns (“Lender”), at its main office in Minneapolis, Minnesota or at such other place as the holder hereof may from time to time in writing designate, in lawful money of the United States of America, the principal sum of Fifty Million Dollars ($50,000,000.00), or so much thereof as has been advanced and remains outstanding pursuant to Section 2.1 of the Credit Agreement by and between Borrower and Lender dated as of the date hereof (as the same may be amended, modified, supplemented, extended or restated from time to time, the “Credit Agreement”). Borrower also promises to pay principal and all accrued interest on the unpaid principal amount of each Revolving Loan payable at such rates and at such times as provided in the Credit Agreement, and shall pay all
TERM NOTETerm Note • March 28th, 2019 • Independent Bank Corp • State commercial banks
FOR VALUE RECEIVED, INDEPENDENT BANK CORP., a Massachusetts corporation and a registered bank holding company (“Borrower”), hereby promises to pay to U.S. BANK NATIONAL ASSOCIATION, a national banking association, or its permitted assigns (“Lender”), at its main office in Minneapolis, Minnesota or at such other place as the holder hereof may from time to time in writing designate, in lawful money of the United States of America, the principal sum of Seventy-Five Million Dollars ($75,000,000.00), pursuant to Section 2.2 of the Credit Agreement between Borrower and Lender dated as of the date hereof (as the same may be amended, modified, supplemented, extended or restated from time to time, the “Credit Agreement”). Borrower also promises to pay principal and all accrued interest on the unpaid principal amount of the Term Loan payable at such rates and at such times as provided in the Credit Agreement, and shall pay all other costs, charges and fees due thereunder, all as provided in the
