LOAN GUARANTY AGREEMENTLoan Guaranty Agreement • May 14th, 2014 • GLADSTONE LAND Corp • Real estate investment trusts • California
This Loan Guaranty Agreement (“Guaranty”), dated as of the 30th day of April, 2014, is made by GLADSTONE LAND CORPORATION, a Delaware corporation (“Guarantor”), to and for the benefit of METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation, its successors and assigns (“Lender”).
PROMISSORY NOTE (Note B - RELOC)Promissory Note • May 14th, 2014 • GLADSTONE LAND Corp • Real estate investment trusts
For Value Received, GLADSTONE LAND LIMITED PARTNERSHIP, a Delaware limited partnership (the “Borrower”), hereby promises to pay to the order of METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (together with any future holder, “Lender”), at 10801 Mastin Blvd., Suite 930, Overland Park, Kansas 66210, or such other address as the holder of this Note may designate, the principal sum of up to Twenty-five Million and 00/100 Dollars ($25,000,000.00), together with interest from the date of the initial advance of funds hereunder on the said principal sum, or the unpaid balance thereof, at the rate(s) set forth below, such principal and interest is to be paid in lawful money of the United States which shall be legal tender in payment of all debts and dues, public and private, at the time of payment. The loan evidenced by this Note (the “Loan”) is a revolving line of credit and is subject to the terms of, and will be disbursed in installments as provided in, the Loan Agreement of eve
PROMISSORY NOTE (Note A)Promissory Note • May 14th, 2014 • GLADSTONE LAND Corp • Real estate investment trusts
For Value Received, GLADSTONE LAND LIMITED PARTNERSHIP, a Delaware limited partnership (the “Borrower”), hereby promises to pay to the order of METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (together with any future holder, “Lender”), at 10801 Mastin Blvd., Suite 930, Overland Park, Kansas 66210, or such other address as the holder of this Note may designate, the principal sum not to exceed One Hundred Million and 00/100 Dollars ($100,000,000.00), together with interest from the date of the advance of funds hereunder on said principal sum, or the unpaid balance thereof, at the interest rate or rates set forth below, such principal and interest is to be paid in lawful money of the United States which shall be legal tender in payment of all debts and dues, public and private, at the time of payment. The loan evidenced by this Note (the “Loan”) will be disbursed in multiple disbursements as provided in and is subject to the terms of the Loan Agreement dated as of even date h
LOAN AGREEMENT by and among GLADSTONE LAND LIMITED PARTNERSHIP, a Delaware limited partnership (the “Borrower”) GLADSTONE LAND CORPORATION, a Maryland corporation (the “Guarantor”) and METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation...Loan Agreement • May 14th, 2014 • GLADSTONE LAND Corp • Real estate investment trusts • California
THIS LOAN AGREEMENT (this “Agreement”), is made and entered into as of April 30, 2014, by and among GLADSTONE LAND LIMITED PARTNERSHIP, a Delaware limited partnership (the “Borrower”), and GLADSTONE LAND CORPORATION, a Maryland corporation (the “Guarantor”) and METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (the “Lender”).
