FARM CREDIT OF SOUTHWEST FLORIDA, ACA RLOC NOTERloc Note • October 17th, 2005 • Alico Inc • Agricultural production-crops • Florida
FOR VALUE RECEIVED, ALICO, INC., a FLORIDA CORPORATION (“BORROWER”) PROMISES TO PAY TO THE ORDER OF FARM CREDIT OF SOUTHWEST FLORIDA, ACA, FOR ITSELF AND AS AGENT/NOMINEE FOR OTHER LENDING INSTITUTIONS HAVING AN INTEREST, DIRECT OR INDIRECT, IN THIS RLOC NOTE (THE “NOTE”) AND ALL DOCUMENTS, INSTRUMENTS AND AGREEMENT PERTAINING THERETO, ITS SUCCESSORS AND/OR ASSIGNS (hereinafter called “Lender”), at the office of Lender at 330 North Brevard Avenue, Arcadia, Florida 34266, or at such other place as the holder may designate in writing, on the RLOC Maturity Date (as defined in the Loan Agreement between Borrower and Lender, dated of even date herewith (the “Loan Agreement”)) in immediately available funds the principal sum of One Hundred Seventy-Five Million and No/100 Dollars ($175,000,000.00), or so much thereof as may be advanced from time to time. Lender is hereby irrevocably authorized by Borrower to record the amount outstanding from time to time of the RLOC (as defined in the Loan A
FARM CREDIT OF SOUTHWEST FLORIDA, ACA LOAN AGREEMENTLoan Agreement • October 17th, 2005 • Alico Inc • Agricultural production-crops • Florida
THIS LOAN AGREEMENT (the “Loan Agreement”) is made and entered into to be effective as of the 11th day of October, 2005, by and between Farm Credit of Southwest Florida, ACA, an agricultural credit association for itself and as agent/nominee for other lending institutions having an interest, direct or indirect, in the Loan (as defined hereinbelow) from time to time, whose address is 330 North Brevard Avenue, Arcadia, Florida 34266 (“Lender”) and ALICO, Inc., a Florida corporation (“Borrower”), whose address is P.O. Box 338, LaBelle, Florida 33975 (together, the “Parties”, and singly, a “Party”).
