SECURED PROMISSORY NOTESecured Promissory Note • June 21st, 2021 • MCI Income Fund V, LLC • Real estate • Texas
FOR VALUE RECEIVED, ___________________________, a _____________________ (“Borrower”), hereby unconditionally promises to pay to the order of MCI INCOME FUND V, LLC, a Delaware limited liability company (the “Lender”), as hereinafter provided, the original principal sum of ____________________ and 00/100 Dollars ($________.00), or so much thereof as may be advanced by Lender from time to time hereunder to or for the benefit or account of Borrower, subject to the Modification Threshold described herein, and together with interest thereon at the rate of interest hereinafter provided, without right of offset in favor of Borrower and otherwise in strict accordance with the terms and provisions hereof.
MASTER CREDIT FACILITYMaster Credit Facility • June 21st, 2021 • MCI Income Fund V, LLC • Real estate • Texas
This MASTER CREDIT FACILITY (this “Agreement”) is made as of the __ day of ______, 2021, between Megatel Homes, LLC, a Texas limited liability company; Megatel Holdings, LLC, a Texas limited liability company; and Megatel Homes III, LLC, a Texas limited liability company; including any wholly-owned subsidiaries of such entities and affiliates that may now or hereafter be joined thereunder pursuant to a joinder agreement (collectively, and any of which may be referred to herein as, “Megatel”), with its principal office located at 2101 Cedar Springs Road, Suite 700, Dallas, TX 75201 and MCI Income Fund V, LLC, a Delaware limited liability company with the same principal office location (the “Company”). Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Limited Liability Company Agreement of the Company (as the same may be amended from time to time, the “Company Agreement”).
