Line of Credit Note (with principal reduction) Date: September 30, 2009Line of Credit Note • October 6th, 2009 • United Western Bancorp Inc • State commercial banks
Promise to Pay. On or before December 31, 2009 (the “Stated Maturity Date”), for value received, United Western Bancorp, Inc. (the “Borrower”) promises to pay to JPMorgan Chase Bank, N.A., whose address is 1125 17th Street, Denver, CO 80202 (the “Bank”) or order, in lawful money of the United States of America, the sum of Twenty Five Million and 00/100 Dollars ($25,000,000.00) or so much thereof as may be advanced and outstanding, plus interest on the unpaid principal balance as provided below.
Amendment to Credit AgreementCredit Agreement • October 6th, 2009 • United Western Bancorp Inc • State commercial banks
This agreement is dated as of September 30, 2009 (the “Effective Date”), by and between United Western Bancorp, Inc. (the “Borrower”) and JPMorgan Chase Bank, N.A. (together with its successors and assigns the “Bank”). The provisions of this agreement are effective as of the Effective Date on the date that the Borrower has satisfied all the conditions precedent in Section 6 of this agreement.
