AMENDED AND RESTATED NOTE (Revolving Line of Credit)Revolving Line of Credit • March 5th, 2019 • Pope Resources LTD Partnership • Forestry
For Value Received, on October 1, 2023 (the “Loan Maturity Date”), Borrower, as defined below, as principal, jointly and severally, promises to pay NORTHWEST FARM CREDIT SERVICES, PCA (“Lender”) or order, at its office in Spokane, Washington, or such other place as the holder of this Amended and Restated Note (Revolving Line of Credit) (this “Note”) may designate in writing, the principal balance of Thirty Million and no/100’s Dollars ($30,000,000.00) (the “Total Commitment Amount”), or so much thereof as may be outstanding, plus interest thereon from and after any Disbursement Date, at interest rates as provided for hereafter. For all intents and purposes, all Loan Segments are treated as one obligation under this Note and the other Loan Documents.
AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED MASTER LOAN AGREEMENTMaster Loan Agreement • March 5th, 2019 • Pope Resources LTD Partnership • Forestry
THIS AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED MASTER LOAN AGREEMENT (this “Amendment”) is made and entered into effective October 11, 2018, by and between the undersigned (“Lender”) and the undersigned, collectively (“Borrower”).
AMENDED AND RESTATED NOTE (Long Term Financing Facility)Note • March 5th, 2019 • Pope Resources LTD Partnership • Forestry
For Value Received, on October 1, 2036 (the “Loan Maturity Date”), Borrower, as defined below, as principal, jointly and severally, promises to pay NORTHWEST FARM CREDIT SERVICES, FLCA (“Lender”) or order, at its office in Spokane, Washington, or such other place as the holder of this Amended and Restated Note (Long Term Financing Facility) (this “Note”) may designate in writing, the principal balance of Seventy-one Million Eight Hundred Thousand and no/100’s Dollars ($71,800,000.00) (the “Total Commitment Amount”), or so much thereof as may be outstanding, plus interest thereon from and after any Disbursement Date, at interest rates as provided for hereafter. For all intents and purposes, all Loan Segments are treated as one obligation under this Note and the other Loan Documents.
NOTE (Acquisition Facility)Note • March 5th, 2019 • Pope Resources LTD Partnership • Forestry
For Value Received, on October 1, 2028 (the “Loan Maturity Date”), Borrower, as defined below, promises to pay NORTHWEST FARM CREDIT SERVICES, FLCA (“Lender”) or order, at its office in Spokane, Washington, or such other place as the holder of this Note (Acquisition Facility) (this “Note”) may designate in writing, the principal balance of Forty Million and no/100’s Dollars ($40,000,000.00) (the “Total Commitment Amount”), or so much thereof as may be outstanding, plus interest thereon from and after any Disbursement Date, at interest rates as provided for hereafter. For all intents and purposes, all Loan Segments are treated as one obligation under this Note and the other Loan Documents.
AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED MASTER LOAN AGREEMENTMaster Loan Agreement • March 5th, 2019 • Pope Resources LTD Partnership • Forestry
THIS AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED MASTER LOAN AGREEMENT (this “Amendment”) is made and entered into effective October 11, 2018, by and between the undersigned (“Lender”) and the undersigned, collectively (“Borrower”).
