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REVOLVING CREDIT NOTE

Revolving Credit Agreement

REVOLVING CREDIT NOTE | Document Parties: GREENE COUNTY BANCSHARES INC | SunTrust Bank You are currently viewing:
This Revolving Credit Agreement involves

GREENE COUNTY BANCSHARES INC | SunTrust Bank

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Title: REVOLVING CREDIT NOTE
Date: 11/7/2005
Industry: Regional Banks    

REVOLVING CREDIT NOTE, Parties: greene county bancshares inc , suntrust bank
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Exhibit 10.2

 

REVOLVING CREDIT NOTE

 

$35,000,000.00

 

Atlanta, Georgia

 

 

August 30, 2005

 

FOR VALUE RECEIVED, the undersigned, GREENE COUNTY BANCSHARES, INC.,  a Tennessee corporation (the Borrower ), hereby promises to pay to SunTrust Bank (the Lender ”) or its registered assigns at its principal office or any other office that the Lender designates, on the Commitment Termination Date (as defined in the Revolving Credit Agreement dated as of August 30, 2005 (as the same may be amended, supplemented or otherwise modified from time to time, the Credit Agreement ), between the Borrower and the Lender, the lesser of the principal sum of Thirty Five Million and no/100 Dollars ($35,000,000), which amount shall automatically reduce to Fifteen Million and no/100 Dollars ($15,000,000) on November 30, 2005 in accordance with the terms of the Credit Agreement, and the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower pursuant to the Credit Agreement, in lawful money of the United States of America in immediately available funds, and to pay interest from the date hereof on the principal amount thereof from time to time outstanding, in like funds, at said office, at the rate or rates per annum and payable on such dates as provided in the Credit Agreement.&nbs


 
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