LOAN AGREEMENTLoan Agreement • March 28th, 2005 • Pennichuck Corp • Water supply • New Hampshire
LOAN AGREEMENT ( the "Agreement") dated as of this 22nd of March, 2005 by and among PENNICHUCK CORPORATION, a New Hampshire corporation with a principal place of business at 25 Manchester Street, Merrimack, New Hampshire 03054 (the "Borrower") and FLEET NATIONAL BANK, a Bank of America company and a national bank organized under the laws of the United States with a place of business at 1155 Elm Street, Manchester, New Hampshire 03101 (the "Bank").
SUBORDINATION AGREEMENTSubordination Agreement • March 28th, 2005 • Pennichuck Corp • Water supply • New Hampshire
FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, and in consideration of the loans, advances, renewals or extensions now or hereafter made by FLEET NATIONAL BANK, a Bank of America company and a national bank organized under the laws of the United States with a place of business at 1155 Elm Street, Manchester, New Hampshire 03101 (the "Senior Creditor" or the "Bank"), directly or indirectly, to or for the benefit of PENNICHUCK CORPORATION, a New Hampshire corporation with a principal place of business at 25 Manchester Street, Merrimack, New Hampshire 03054 (the "Debtor"), PENNICHUCK WATER WORKS, INC., a New Hampshire corporation with a principal place of business at 25 Manchester Street, Merrimack, New Hampshire 03054 ("PWW") (PWW is also hereinafter on occasion referred to as the "Subordinated Creditor"), the Subordinated Creditor agrees with the Senior Creditor as follows:
GUARANTY AGREEMENTGuaranty Agreement • March 28th, 2005 • Pennichuck Corp • Water supply • New Hampshire
THIS GUARANTY AGREEMENT (the "Guaranty" or the "Agreement") is dated as of the 22nd day of March, 2005, by PENNICHUCK WATER WORKS, INC., a New Hampshire corporation with a principal place of business at 25 Manchester Street, Merrimack, New Hampshire 03054 (the "Guarantor"), and FLEET NATIONAL BANK, a national bank organized under the laws of the United States with a place of business at 1155 Elm Street, Manchester, New Hampshire 03101 (the "Bank").
