BUSINESS LOAN AGREEMENTBusiness Loan Agreement • February 18th, 2004 • Portfolio Recovery Associates Inc • Services-consumer credit reporting, collection agencies • Virginia
THIS BUSINESS LOAN AGREEMENT dated January 8, 2004, is made and executed between Portfolio Recovery Associates, Inc. (“Borrower’) and RBC CENTURA BANK (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
RBC Centura LOAN AND SECURITY AGREEMENT (SD-L&S)Centura Loan and Security Agreement • February 18th, 2004 • Portfolio Recovery Associates Inc • Services-consumer credit reporting, collection agencies • Virginia
This LOAN AND SECURITY AGREEMENT (“Agreement”) is entered into as of the 28th day of November, 2003, by and between RBC CENTURA BANK (“Bank”) and PORTFOLIO RECOVERY ASSOCIATES, INC., a Delaware corporation (“Borrower”).
