LOAN AGREEMENT BetweenLoan Agreement • April 1st, 2024 • Guaranty Bancshares Inc /Tx/ • National commercial banks • Texas
This Loan Agreement (the "Agreement") will serve to set forth the terms of the financing transaction by and between GUARANTY BANCSHARES, INC., a Texas corporation ("Borrower"), and Frost Bank, a Texas state bank ("Lender"):
PROMISSORY NOTE (Revolving)Guaranty Bancshares Inc /Tx/ • April 1st, 2024 • National commercial banks • Texas
For value received, Guaranty Bancshares, Inc., a Texas corporation (“Borrower,” whether one or more), jointly and severally (if more than one) promises to pay to the order of FROST BANK, a Texas state bank (“Lender”), at P.O. Box 34746, San Antonio, Texas 78265, or at such other address as Lender shall from time to time specify in writing, the principal sum of TWENTY FIVE MILLION AND NO/100 DOLLARS ($25,000,000.00), or so much thereof as from time to time may be advanced by Lender to Borrower pursuant to the terms of the Loan Agreement (as defined below), in legal and lawful money of the United States of America, with interest on the outstanding principal from the date advanced until paid at the rate set out below, and otherwise in strict accordance with the terms and provisions of this Promissory Note (Revolving) (this “Note”). This Note has been executed and delivered pursuant to that certain Loan Agreement dated of even date with this Note between Borrower and Lender (together with
