CUSO LINE OF CREDIT FACILITY NOTE AND SECURITY AGREEMENT (CUSO LINE OF CREDIT)Note and Security Agreement • May 20th, 2008 • Ministry Partners Investment Corp • Finance services • Illinois
FOR VALUE RECEIVED, CUSO promises to pay to the order of Members United, in lawful money of the United States and in immediate available funds, the principal sum of ONE HUNDRED MILLION AND NO/00 DOLLARS ------------------------------------------------------------- ($100,000,000.00) and/or the aggregate unpaid principal amount of all advances made to CUSO by Members United pursuant to the forgoing Note and Security Agreement (the “Credit Facility”), together with all relevant attachments, addenda, exhibits and/or schedules, as amended, extended, supplemented, replaced or modified from time to time (collectively, the “Agreement”), whichever is greater, on the first to occur (i) demand or (ii) the maturity date or the expiration date, and to pay interest at the interest rate herein provided (“Interest”) when due as provided in this Agreement on the unpaid principal amount until the maturity date.
