Construction Loan Agreement between Pharmaceutical Product Development, Inc., as Borrower, River Ventures, LLC, PPD Development, LP, as Guarantors, and Bank of America, N.A. as Lender Dated as of February 27, 2006Construction Loan Agreement • March 3rd, 2006 • Pharmaceutical Product Development Inc • Services-commercial physical & biological research • North Carolina
THIS CONSTRUCTION LOAN AGREEMENT (“Agreement”) is made by and between Bank of America, N.A., a national banking association (together with its successors and assigns, “Lender”), and Pharmaceutical Product Development, Inc., a North Carolina corporation (“Borrower”), and River Ventures, LLC, a North Carolina limited liability company, and PPD Development, LP, a Texas limited partnership (hereinafter (i) for all purposes of this Agreement except for Article 6 the term “Guarantor” shall mean River Ventures, LLC and (ii) for purposes of Article 6, the term “Guarantor” shall mean a collective reference to River Ventures, LLC and PPD Development, LP) who agree as follows:
