LOAN AGREEMENTLoan Agreement • July 28th, 2017 • Document Security Systems Inc • Paperboard containers & boxes • New York
This LOAN AGREEMENT (this “Agreement”) is entered into at Albany, New York, as of ______________________, 2017, between Premier Packaging Corporation, a New York corporation, with its chief executive office located at 6 Framark Drive, Victor, New York 14564 (the “Borrower”) and Citizens Bank, N.A., a national banking association, with an address of 833 Broadway, Albany, New York 12207 (the “Bank”).
SECURITY AGREEMENTSecurity Agreement • July 28th, 2017 • Document Security Systems Inc • Paperboard containers & boxes • New York
This SECURITY AGREEMENT (this “Agreement”) is entered into at Albany, New York, as of _____________________, 2017, between Premier Packaging Corporation, a New York corporation, with its chief executive office located at 6 Framark Drive, Victor, New York 14564 (the “Borrower”) and Citizens Bank, N.A., a national banking association, with an address of 833 Broadway, Albany, New York 12207 (the “Bank”).
Term Note Non-Revolving LINE OF CREDITTerm Note Non-Revolving Line of Credit • July 28th, 2017 • Document Security Systems Inc • Paperboard containers & boxes
For value received, the undersigned Premier Packaging Corporation, a New York corporation, with an address of 6 Framark Drive, Victor, New York 14564 (the “Borrower”), promises to pay to the order of Citizens Bank, N.A., a national banking association with an address of 833 Broadway, Albany, New York 12207 (together with its successors and assigns, the “Bank”), the principal amount of One Million, Two Hundred Thousand Dollars and Zero Cents ($1,200,000.00), or, if less, such amount as may be the aggregate unpaid principal amount of all loans or advances made by the Bank to the Borrower pursuant hereto, on or before __________, 2025 (the “Maturity Date”), as set forth below, together with interest from the date hereof on the unpaid principal balance from time to time outstanding until paid in full for any Interest Period (as hereinafter defined). Until the Conversion Date (as hereinafter defined), the aggregate principal balance outstanding shall bear interest thereon at a per annum rat
