COMMERCIAL SECURITY AGREEMENT BUSINESS LOAN AGREEMENTCommercial Security Agreement • June 15th, 2007 • Broadview Institute Inc • Services-motion picture & video tape production • Minnesota
THIS COMMERCIAL SECURITY AGREEMENT dated March 27, 2007, is made and executed between Broadview Institute, Inc. (“Grantor”) and American Bank of St. Paul (“Lender”).
BUSINESS LOAN AGREEMENTLoan Agreement • June 15th, 2007 • Broadview Institute Inc • Services-motion picture & video tape production • Minnesota
THIS BUSINESS LOAN AGREEMENT dated March 27, 2007, is made and executed between Broadview Institute, Inc. (“Borrower”) and American Bank of St Paul (“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 (“Loan”). 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.
