LOAN AND SECURITY AGREEMENT BY AND AMONG WELLS FARGO PREFERRED CAPITAL, INC. AND SOUTHERN MANAGEMENT CORPORATION AND ITS SUBSIDIARIES AND AFFILIATES LISTED HEREIN AS BORROWERSLoan and Security Agreement • December 13th, 2007 • Thaxton Group Inc • Personal credit institutions • Iowa
This LOAN AND SECURITY AGREEMENT is made as of the 10th day of December, 2007, by and among SOUTHERN MANAGEMENT CORPORATION, a corporation organized under the laws of the State of South Carolina with its chief executive office at 101 N. Main Street, Suite 400, Greenville, South Carolina 29601 (“Borrower Agent”), and the Persons listed on Schedule I attached hereto (collectively, the “Borrowers” and each individually is referred to as a “Borrower”), and WELLS FARGO PREFERRED CAPITAL, INC. (“WFPC”), an Iowa corporation with its principal office located at 800 Walnut Street, Des Moines, Iowa 50309.
