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2021-053 - Approving A Loan in the Amount of $2,500,000 to PEDC, Approving a Promissory Note Regarding said Loan; Authorizing Mayor to Sign Note
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2021-053 - Approving A Loan in the Amount of $2,500,000 to PEDC, Approving a Promissory Note Regarding said Loan; Authorizing Mayor to Sign Note
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12/14/2021 4:50:42 PM
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THIS WRITTEN PROMISSORY NOTE, TOGETHER WITH THE SECURITY <br />INSTRUMENTS AND OTHER DOCUMENTS EXECUTED CONTEMPORANEOUSLY <br />HEREWITH, REPRESENT THE FINAL AGREEMENT BETWEEN MAKER AND PAYEE, AND <br />MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR <br />SUBSEQUENT ORAL AGREEMENT OF THE PARTIES. THERE ARE NO UNWRITTEN <br />ORAL AGREEMENTS BETWEEN THE PARTIES. <br />PRIOR TO SIGNING THIS NOTE, BORROWER HAS READ AND UNDERSTANDS ALL <br />THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE <br />PROVISIONS. BORROWER AGREES TO THE TERMS OF THE NOTE AND <br />ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE NOTE. <br />PARIS ECONOMIC DEVELOPMENT <br />CORPORATION, A Texas Non -Stock, <br />Non -Profit Industrial Development <br />Corporation <br />BY: <br />JOSH BRAY <br />Chairman, Board of Directors <br />Duly Authorized <br />
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