NEGATIVE PLEDGE AGREEMENTNegative Pledge Agreement • February 20th, 2007 • Utg Inc • Life insurance • Tennessee
COMMERCIAL PLEDGE AGREEMENTCommercial Pledge Agreement • February 20th, 2007 • Utg Inc • Life insurance
LOAN AGREEMENTLoan Agreement • February 20th, 2007 • Utg Inc • Life insurance • Tennessee
THIS LOAN AGREEMENT(hereinafter called “Agreement”)made and entered into this 8th day of December, 2006 by and between UTG, INC (UTG). , a Delaware corporation, (hereinafter called "Borrower") and FIRST TENNESSEE BANK NATIONAL ASSOCIATION, a national banking association having its principal office located in Memphis, Tennessee ("Lender").
First Tennessee Bank National Association REVOLVING CREDIT NOTERevolving Credit Note • February 20th, 2007 • Utg Inc • Life insurance • Tennessee
FOR VALUE RECEIVED, UTG, Inc., a Delaware Corporation, (“Borrower”), promises to pay to the order of FIRST TENNESSEE BANK NATIONAL ASSOCIATION, Memphis, Tennessee (“Lender”; Lender and any subsequent holder[s] hereof are hereinafter collectively referred to as “Holder”), the principal sum of Five Million and 00/100 DOLLARS ($5,000,000.00), together with interest thereon, on so much thereof as shall remain outstanding from time to time, at the rates hereinafter provided.
