PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • February 18th, 2005 • Pioneer Railcorp • Railroads, line-haul operating • Illinois
ARTICLE I THE LOANSLoan Agreement • February 18th, 2005 • Pioneer Railcorp • Railroads, line-haul operating
EXHIBIT 10.5 SECURITY AGREEMENT This Security Agreement is dated as of January 19, 2005 between _________________________, an ______________ corporation ("Debtor"), and National City Bank of the Midwest ("Lender"). 1. Description of Collateral. Debtor...Security Agreement • February 18th, 2005 • Pioneer Railcorp • Railroads, line-haul operating • Illinois
GUARANTYGuaranty • February 18th, 2005 • Pioneer Railcorp • Railroads, line-haul operating • Illinois
