HomeMy WebLinkAboutDisbursements - $7,515,800 Disbursement Instructions
Mercantile Bank hereby is instructed to make a Borrower Loan Account Disbursement in the amount of
$7,515,800.00 into the Borrower Loan Account for the purpose of making disbursements of Loan Proceeds
from the Borrower Loan Account to (or for the account of) Borrower in accordance with the terms and
conditions of the Agreement and the other Loan Documents. All terms used in these Disbursement
Instructions without definition shall have the meanings ascribed thereto in that certain Loan Agreement(PAC
Equipment), dated as of August 31, 2009, by and between Mercantile Bank and Village Financial, LLC.
Dated: q//0 09 CITY OF CARMEL REDEVELOPMENT
COMMISS •
By
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Lester . Olds, Executive Director