or deal with any one or more of Borrower ' s or any other Borrower's sureties, endorsers, or other guarantors on any terms or in any manner Lender may choose (E) determine how, when and what application of payments and credits shall be made on any indebtedness : (F) apply such security and direct the order or manner of sale of any Collateral. subordinate, fail or decide not to perfect, and release any security, with or without the substitution of new collateral (D) release. or otherwise change one or more times the time for payment or other terms of any indebtedness, including increases and decreases of the rate of interest on the indebtedness (C) exchange, enforce, waive. with or without notice to any one Borrower, Lender may (A) make one or more additional secured or unsecured loans or otherwise extend additional credit with respect to any other Borrower : ( 8 ) with respect to any other Borrower alter, compromise. including without limitation all representations. " Unless specifically stated to the contrary, the word "Borrower" as used in this Agreement. collectively and interchangeably as "Borrower. This Agreement has been executed by multiple obligors who are referred to in this Agreement individually. There shall not exist al the time of any Advance a condition which would constitute an Event of Default under this Agreement or under any Related Document. and in any document or certificate delivered to Lender under this Agreement are true and correct. The representations and warranties set forth in this Agreement. and other expenses which are then due and payable as specified in this Agreement or any Related Document. Borrower shall have paid lo Lender all fees. In addition, Borrower shall have provided such other resolutions, authorizat i ons, doc - uments and instruments as Lender or its counsel, may require. Borrower shall have provided in form and substance satisfactory to Lender properly certified resolutions, duly authorizing the execution and delivery of this Agreement, the Note and the Related Documents. Borrower shall provide to Lender the following documents for the Loan : ( 1 ) the Note ( 2 ) Security Agreements granting to Lender security interests in the Collateral ( 3 ) financing statements and all other documents perfecting Lender ' s Security Interests ( 4 ) evidence of insurance as required below ( 5 ) guaranties : ( 6 ) together with all such Related Documents as Lender may require for the Loan all in form and substance satisfactory to Lender and Lender's counsel. Lender's obligation to make the initial Advance and each subsequent Advance under this Agreement shall be subject to the fulfillment to Lender's satisfaction of all of the conditions set forth in this Agreement and in the Related Documents. or until such time as the parties may agree in writing to terminate this Agreement. and shall continue in full force and effect until such time as all of Borrower's Loans in favor of Lender have been paid in full, including principal, interest. This Agreement shall be effective as of March 16, 2022. Borrower understands and agrees that : (A) in granting, renewing, or eldending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. (♻orrower") and First Financial Bank NA ("Lender") on the following terms and conditions. Freedom Freight Solutions, LLC Tradition Leasing Systems L. 300 Growth Parkway, Suite A Angola, IN 46703 Borrower: Lender: First Financial Bank NA Indianapolis LPO - Commercial PO BOX 540 Terre Haute, IN #-#-#-#-# THIS BUSINESS LOAN AGREEMENT dated April 22, 2022, is made and executed between Tradition Transportation Group, Inc. and Tradition Transportation Company L.L.C. ![]() Freedom Freight Solutions, LLC Tradition Leasing Systems L.L.C. Any item above containing "***" has been omitted due to text length limitations. EX-10.27 30 aquapower_ex1027.htm BUSINESS LOAN AGREEMENTīUSINESS LOAN AGREEMENT Principal $600,000.00 Loan Date I Maturity I Loan No I I 04 - 22 - 2022 04 - 22 - 2032 19011000085 Call/ Coll 57 Account TRADITT 00 I I Officer I F24 !(l J' - ¥,10, - References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
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