PLEDGE OF PROCEEDS AND SECURITY AGREEMENTPledge of Proceeds and Security Agreement • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Texas
THIS PLEDGE OF PROCEEDS AND SECURITY AGREEMENT, dated August 19, 2003, is made and executed by and between HORIZON GROUP PROPERTIES, L.P. , a Delaware limited partnership (“Pledgor”), and BEAL BANK, S.S.B., a savings bank organized under the laws of the State of Texas (the “Bank”).
