COMMERCIAL LOAN AGREEMENT (Loan No. _______________)Commercial Loan Agreement • May 16th, 2011 • Icon Leasing Fund Eleven, LLC • Services-equipment rental & leasing, nec
This Commercial Loan Agreement dated as of May 10, 2011 (“Agreement”) is by and among CALIFORNIA BANK & TRUST, a California banking corporation, as lender (“Bank”), and ICON LEASING FUND ELEVEN, LLC, as borrower (“Borrower”). Previously, pursuant to a Commercial Loan Agreement, dated August 31, 2005, as amended from time to time, between Bank, Borrower and other entities affiliated with Borrower, Bank extended a line of credit to Borrower and those entities (“Prior Line of Credit”), which is being concurrently terminated with the execution of this Agreement.
TERMINATION OF COMMERCIAL LOAN AGREEMENT (Loan No. 9117000148)Termination of Commercial Loan Agreement • May 16th, 2011 • Icon Leasing Fund Eleven, LLC • Services-equipment rental & leasing, nec
This Termination of Commercial Loan Agreement is made as of May 10, 2011 by and between CALIFORNIA BANK & TRUST, a California banking corporation (“Bank”) and ICON INCOME FUND EIGHT B L.P.; ICON INCOME FUND NINE, LLC; ICON INCOME FUND TEN, LLC; ICON LEASING FUND ELEVEN, LLC; ICON LEASING FUND TWELVE, LLC; and ICON EQUIPMENT AND CORPORATE INFRASTRUCTURE FUND FOURTEEN, L.P. (collectively, the “Existing Borrowers”).
