A final agreement is a legal contract used in legal and business contexts to describe the final terms and conditions of a negotiation or deal. his can include details such as the amount of money that will be exchanged, the parties involved, and any other final conditions. In many cases, final agreements are officially finalized and signed by all parties involved in order to ensure that all terms have been clearly stated and mutually agreed upon.
Final agreements are often seen as an important step towards achieving closure on a particular matter or project, as they provide confirmation that everything has been agreed upon and allows everyone involved to move on.
NOTICE OF FINAL AGREEMENT
M & I Electric Industries, Inc.
6410 Long Drive
Houston, TX 770B7
JPMorgan Chase Bank, NA
Beaumont Parkdale Business Banking LPO
6025 Eastex Freeway
Beaumont, TX 77706
THE WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
As used in this Notice, the following terms have the following meanings:
Loan . The term “Loan” means the following described loan: a non-precomputed Variable Rate Nondisclosable Revolving Line of Credit Loan to a Corporation for $6,000,000.00 due on July 2, 2008. A margin of 1.750% is added to the index rate. Lender will tell the Borrower the current index rate upon Borrower’s request.
Loan Agreement . The term “Loan Agreement” means one or more promises, promissory notes, agreements, undertakings, security agreements, deeds of trust or other documents, or commitments, or any combination of those actions or documents, relating to the Loan, including without limitation the following:
Corporate Resolution: American Electric Technologies, Inc.
TX Commercial Security Agreement: All Inventory, Chattel
Paper, Accounts and General Intangibles; owned by M & I
Electric Industries, Inc.
Disbursement Request and Authorization
Business Loan Agreement (Asset Based)
FL Commercial Guaranty: American Electric Technologies, Inc.
Agreement to Provide Insurance: All Inventory, Chattel Paper,
Accounts and General Intangibles; owned by M & I Electric
Notice of Final Agreement
Parties . The term “ Parties ” means JPMorgan Chase Bank, NA and any and all entities or individuals who are obligated to repay the loan or have pledged property as security for the Loan, including without limitation the following:
This Notice of Final Agreement is given by JPMorgan Chase Bank, NA pursuant to Section 26.02 of the Texas Business and Commerce Code. Each Party who signs below. other than JPMorgan Chase Bank. NA, acknowledges, represents, and warrants to JPMorgan Chase Bank, NA that it has received, read and understood this Notice of Final Agreement. This Notice is dated July 2. 2007.
Arthur Dauber, President of M & I Electric
Reference:
Security Exchange Commission - Edgar Database, EX-10.4 5 dex104.htm NOTICE OF FINAL AGREEMENT, Viewed October 25, 2022, View Source on SEC.
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