BUSINESS LOAN AGREEMENT ------------------------------------------------------- ------------------------- PRINCIPAL LOAN DATE MATURITY LOAN NO CALL/COLL ACCOUNT OFFICER INITIALS $800,000.00 05-03-2007 05-02-2008 422 086 ------------...Business Loan Agreement • August 31st, 2007 • American Consumers Inc • Retail-grocery stores • Georgia
THIS BUSINESS LOAN AGREEMENT dated May 3, 2007, is made and executed between AMERICAN CONSUMERS, INC. DBA SHOP RITE ("Borrower") and GATEWAY BANK & TRUST ("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.
COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • August 31st, 2007 • American Consumers Inc • Retail-grocery stores • Georgia
GRANTOR: AMERICAN CONSUMERS, INC. DBA SHOP RITE LENDER: GATEWAY BANK & TRUST 55 HANNAH WAY MAIN ROSSVILLE, GA 30741 5102 ALABAMA HWY RINGGOLD, GA 30736 (706) 965-5500 THIS ASSIGNMENT OF DEPOSIT ACCOUNT dated May 3, 2007, is made and executed between...Assignment of Deposit Account • August 31st, 2007 • American Consumers Inc • Retail-grocery stores
THIS ASSIGNMENT OF DEPOSIT ACCOUNT dated May 3, 2007, is made and executed between AMERICAN CONSUMERS, INC. DBA SHOP RITE ("Grantor") and GATEWAY BANK & TRUST ("Lender").
