Line of Credit Renewal Agreement Sample Contracts

LINE OF CREDIT RENEWAL AGREEMENT
Line of Credit Renewal Agreement • September 28th, 2020 • Premier Financial Bancorp Inc • State commercial banks

Whereas, Borrower is indebted to Lender as of the date hereof in the amount of $0.00 evidenced by a promissory note from Borrower to Lender in the original face amount of five million and 00/100 ($5,000.000.00), dated September 7, 2012 (the "Note") and then renewed on September 7, 2013, again on September 7, 2014, again on September 7, 2015, again on September 7, 2016, again on September 7, 2017, again on September 7, 2018, and then again on September 7, 2019 which is secured by 559,800 shares of Citizens Deposit Bank & Trust (Vanceburg, KY) capital stock.

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LINE OF CREDIT RENEWAL AGREEMENT
Line of Credit Renewal Agreement • September 25th, 2017 • Premier Financial Bancorp Inc • State commercial banks

Whereas, Borrower is indebted to Lender as of the date hereof in the amount of $0.00 evidenced by a promissory note from Borrower to Lender in the original face amount of five million and 00/100 ($5,000.000.00), dated September 7, 2012 (the "Note") and then renewed on September 7, 2013, again on September 7, 2014, again on September 7, 2015 and then again on September 7, 2016 which is secured by 559,800 shares of Citizens Deposit Bank & Trust (Vanceburg, KY) capital stock.

LINE OF CREDIT RENEWAL AGREEMENT
Line of Credit Renewal Agreement • September 11th, 2013 • Premier Financial Bancorp Inc • State commercial banks

Whereas, Borrower is indebted to Lender as of the date hereof in the amount of $0.00 evidenced by a promissory note from Borrower to Lender in the original face amount of five million and 00/100 ($5,000,000.00), dated September 7, 2012 (the "Note”), which is secured by 559,800 shares of Citizens Deposit Bank & Trust (Vanceburg) capital stock.

LINE OF CREDIT RENEWAL AGREEMENT
Line of Credit Renewal Agreement • October 1st, 2015 • Premier Financial Bancorp Inc • State commercial banks

Whereas, Borrower is indebted to Lender as of the date hereof in the amount of $0.00 evidenced by a promissory note from Borrower to Lender in the original face amount of five million and 00/100 ($5,000.000.00), dated September 7, 2012 (the "Note") and then renewed on September 7, 2013, and again on September 7, 2014 which is secured by 559,800 shares of Citizens Deposit Bank & Trust (Vanceburg) capital stock.

LINE OF CREDIT RENEWAL AGREEMENT
Line of Credit Renewal Agreement • October 10th, 2014 • Premier Financial Bancorp Inc • State commercial banks

Whereas, Borrower is Indebted to Lender as of the date hereof in the amount of $0.00 evidenced by a promissory note from Borrower to Lender in the original face amount of five million and 00/100 ($5,000.000.00), dated September 7, 2012 {the "Note") and then renewed on September 7, 2013, which is secured by 559,800 shares of Citizens Deposit Bank & Trust (Vanceburg) capital stock.

November 17, 2016 Mr. Jeffrey Barocas Ocean Bio-Chem, Inc. Ft. Lauderdale, FL 33314 Dear Jeff:
Line of Credit Renewal Agreement • March 31st, 2017 • Ocean Bio Chem Inc • Specialty cleaning, polishing and sanitation preparations

The purpose of this letter is to document an agreement between Ocean Bio-Chem, Inc. and Regions Bank regarding specific terms and conditions relating to the renewal of a $4,000,000 line of credit. These terms presented below will supersede any conflicting language in the Business Loan Agreement (BLA), the Promissory Note (Note) and Commercial Security Agreement (Security Agreement), each dated November 17th, 2016. Capitalized terms not defined in this letter will have the meanings ascribed to them in the BLA, the Note or the Security Agreement, as applicable.

August 31, 2018 Mr. Jeffrey Barocas Ocean Bio-Chem, Inc. Ft. Lauderdale, FL 33314 Dear Jeff:
Line of Credit Renewal Agreement • November 14th, 2018 • Ocean Bio Chem Inc • Specialty cleaning, polishing and sanitation preparations

The purpose of this letter is to document an agreement between Ocean Bio-Chem, Inc. and Regions Bank regarding specific terms and conditions relating to the renewal of a $6,000,000 line of credit. The terms presented below will supersede any conflicting language in the Promissory Note (Note), Business Loan Agreement (BLA), and Commercial Security Agreement (Security Agreement), each to be dated August 31, 2018. Capitalized terms not defined in this letter will have the meanings ascribed to them in the Note, BLA, or the Security Agreement, as applicable.

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