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Loan Date: ________________________
Maturity Date: _____________________
Loan No: __________________________
References in the shaded area are for Lender’s
use only and do not limit the applicability of this document to any particular
loan or item.
XXXXXXXXX Bankers Group, Inc.
is made and executed among ABC Corporation, 123
Main Street, Anywhere, IN 12345 ("Borrower"); ("Creditor"); and XXXXXXXXX
Bankers Group, Inc.; xxxx Keystone Crossing; Suite xxx; Indianapolis, IN 462xx
CURRENT INDEBTEDNESS OWING TO CREDITOR.
As of the date of this Agreement, Borrower is
indebted to Creditor in the
aggregate amount of $ ____________________. This amount is the total
indebtedness of every kind from Borrower to Creditor.
REQUESTED FINANCIAL ACCOMMODATIONS.
Borrower and Creditor each want Lender
to provide financial accommodations to Borrower in the form of (A) new credit or
loan advances, (B) an extension of time to pay or other compromises regarding
all or part of Borrower's present indebtedness to Lender, or (C) other benefits
to Borrower. Borrower and Creditor each represent and acknowledge to Lender that
Creditor will benefit as a result of these financial accommodations from Lender
to Borrower, and Creditor acknowledges receipt of valuable consideration for
entering into this Agreement.
Based on the representations and acknowledgments
contained in this Agreement, Borrower and Creditor agree with Lender as follows:
The words "Subordinated Indebtedness"
as used in this Agreement mean all present and future indebtedness, obligations,
liabilities, claims, rights, and demands of any kind which may be now or
hereafter owing from Borrower to Creditor.
The term "Sub-ordinated Indebtedness" is used in its broadest sense and includes
without limitation all principal, all interest, all costs, attorneys' fees, all
sums paid for the purpose of protecting the rights of a