LOAN AGREEMENT between UTAH COUNTY, UTAH, as Issuer and UNITED STATES STEEL CORPORATION Utah County, Utah Environmental Improvement Revenue Refunding Bonds, Series 2011 (United States Steel Corporation Project) Dated as of November 1, 2011Loan Agreement • December 12th, 2011 • United States Steel Corp • Steel works, blast furnaces & rolling mills (coke ovens)
THIS LOAN AGREEMENT (this “Agreement”) made and entered into as of November 1, 2011, by and between the UTAH COUNTY, UTAH (the “Issuer”), a body corporate and politic and a political subdivision of the State of Utah (the “State”), acting through its duly appointed board, duly organized and validly existing under and by virtue of the Utah Industrial Facilities and Development Act, Title 11, Chapter 17 of the Utah Annotated Code 1953, as supplemented and amended, (the “Act”) and UNITED STATES STEEL CORPORATION, a corporation duly organized and existing under and pursuant to the laws of the State of Delaware, and duly qualified to own property and transact business in the State (the “Company”), under the following circumstances summarized in the following recitals (capitalized terms not defined in the recitals being used therein as defined in Article I):
