A construction credit agreement is a contract between a borrower and a lender. It explains the essential terms of the loan, such as the amount borrowed and the timing for the payment of the loan. An effective credit agreement also includes the commitments made by the borrower to the lender. For example, a lender wants the borrower to promise to complete the job on time, obtain the necessary authorizations, and take out specific insurance. This construction loan agreement (this “contract”) will be concluded on July 9, 2013 between borrowers, lenders and contractors identified and whose addresses are indicated below. This agreement concerns the method of payment of the proceeds of the loan of the loan to the benefit of the borrower for the renovation and / or renovation of the improvements made to the property as part of the rehabilitation program of the dwellings occupied by the lender. The note is secured by instructions on the property and improvements to the mechanic`s deposit contract and trust deed. This construction credit agreement will be entered into as of March 29, 2018 by and between STATE FARM LIFE INSURANCE COMPANY, an Illinois (State Farm) company and TRADEPORT DEVELOPMENT VI, LLC (“Borrower”) for a loan of up to $14,287,500.00. For a consideration of quality and value, the maintenance and suitability of which are confirmed, the parties agree as follows: this SECOND AMENDMENT TO THE CONSTRUCTION LOAN AGREEMENT is annexed to the construction loan agreement (loan n°***) of 26 January 2015, including all modifications, and incorporated into this contract by this reference and executed in conjunction with a loan or other financial adjustments between the loan and the borrower.
THIS AMENDMENT NO. 1 TO THE CONSTRUCTION LOAN AGREEMENT, which will come into effect on June 30, 2020 (this “Amendment”), is amended and supplemented by and between FIFTH THIRD BANK, NATIONAL ASSOCIATION, legal successor of MB Financial Bank, N.A. (the “Bank” and CG GROWTH, LLC, a limited liability company in Wisconsin (the “Borrower”), and supplemented (A) that certain loan and guarantee agreements of December 15 will be amended and supplemented. 2017 between the Bank and the Borrower (amended, revised, supplemented or adapted from time to time, the “Credit Agreement”) and (B) that certain construction obligations dated December 15, 2017 for the initial nominal amount of USD 25,646,000 (the “Note”) issued by the Borrower and payable on behalf of the Bank. . . .