HLP0040* BUSINESS LOAN AGREEMENT Principal$7,000,000.00 Loan Date01-22-2020 Maturity06-01-2021 Loan No50019590 Call / Coll203 Account122423-01 Officer506 Initials References in the boxes above are for Lender's use only and do not limit the...Loan Agreement • February 14th, 2020 • Red Trail Energy, LLC • Industrial organic chemicals • North Dakota
THIS BUSINESS LOAN AGREEMENT dated January 22, 2020, is made and executed between RED TRAIL ENERGY, LLC ("Borrower") and Cornerstone Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
