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FINANCING AGREEMENT This Financing Agreement (the “Agreement”), which is made and entered into as of the _________ __, 20__, by and between _______________ (“Lender”), a ___________ [state], _________________[entity], and _____________________ (“Borrower”), a ___________ [state], _________________[entity].
WHEREAS Borrower owns and operates a _______________________________ WHERAS Borrower wishes to establish a revolving credit facility with Lender in the amount of [AMOUNT]; WHEREAS Lender wishes to advance the requested funds to Borrower in exchange for good and valuable consideration; WHEREAS it is desirable and in the best interests of the Borrower to enter into the aforesaid credit facilities; and NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, it is agreed as follows: Section 1. Advanced Funds. Lender shall establish in favor of Borrower a facility of [AMOUNT] which Borrower can draw down, on a revolving basis. Section 2. Interest Rate. Any and all advanced funds shall bear interest at a rate of [__] percent per annum. Section 3. Method of