Investor AGREEMENT
THIS is an Investor Agreement by and between the Investor named below and Washington Area Community Investment Fund, Inc. (WACIF), a Virginia non-profit corporation ("Borrower"), whose principal place of business is 3624 12th Street, NE, Washington, DC 20017.
DEFINED TERMS
Name: ________________________________________ ________________________________________ Address: ________________________________________ ________________________________________ ________________________________________
Amount of Investment:
Total Investment Amount
________________________________and________/100 Dollars
Dollar Amount in Words Cents in Words
($____________.____) ("Principal Amount") Interest Rate: __________ Percent (__.__%) per annum (“Interest Rate”)
Interest Rate in Words Interest Rate
Term of Investment: ___________ (____) years and ____________ (____) months from date
Years in Words Year(s) Months in Words Months
hereof (“Investment Period”)
BACKGROUND
BORROWER is organized for the purpose of making local, socially responsible investments and grantee desires to support WACIF in doing so by granting the Principal Amount set forth above, on the terms and conditions contained herein. NOW THEREFORE, intending to be legally bound, the Borrower and the Investor agree as follows:
Investor Agreement Washington Area Community Investment Fund Page 2
1. The Investor hereby invests the Principal Amount with the Borrower. 2. The Borrower shall evidence this investment with a Promissory Note to the Investor for the Principal Amount, bearing interest at the Interest Rate. Borrower shall pay on the unpaid balance annually beginning on the first anniversary of the date hereof. If not sooner paid, the Principal Amount of this Investment shall be due and payable at the end of the Investment Period. 3. Funds from this investment shall be used solely by and for the purpose of WACIF’s organizational documents, except to the extent that a designated use is specified above, in which event the funds will be used solely for such purpose; and upon request, the Borrower shall notify the Investor of the use of the whole or any part of the funds from this investment. 4. The Borrower may prepay the whole or any part of the Principal Amount of this investment without premium or penalty. 5. This Investment Agreement shall be governed by the laws of the District of Columbia.
AGREEMENT
IN WITNESS THEREOF, Borrower and Investor have caused this Agreement to be executed. This Agreement shall be effective as of, and the date of this Agreement shall be deemed to be, the date on which this Agreement is executed by the Borrower. Investor Signature: Name: Title: Date: SSN/TIN: _________________________________ _________________________________ _________________________________ _________________________________ _________________________________
WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC. WACIF By: Name: Title: Date: _________________________________ _________________________________ _________________________________ _________________________________