Sample Revolving Subordinated Loan Agreement

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SUBORDINATION AGREEMENT INFORMATION STATEMENT Name and address of Lender: Business relationship of lender to clearing member: _____ Officer _____ Stockholder _____ Partner _____ Other Did the clearing member carry funds or securities for the lender at or about the time the proposed subordinated agreement was filed Yes _______ No _______
Exhibit A REVOLVING SUBORDINATED NOTE $ ____ Chicago, Illinois _, 20__ On or before , 20 , the undersigned, for value received hereby promises to pay to the order of (the "Lender") at the principal sum of $ ( ) or, if less, the aggregate unpaid principal amount of all advances made by the Lender to the undersigned hereunder. The initial advance, all subsequent advances and all payments made on account of principal shall be endorsed by the holder on the attached schedule to this Note. The undersigned further promises to pay to the order of the Lender monthly, on the last day of each month hereafter, commencing on the first such date after the date hereof and continuing until maturity, interest on the principal sum from time to time outstanding at the per annum rate equal to the from time to time prime rate of interest charged by (the "Prime Rate"); and after maturity until paid at the Prime Rate plus percent ( %). Interest after maturity shall be payable on demand. Interest shall be computed on the basis of a year consisting of 365 days and paid for the actual number of days elapsed. This Note evidences indebtedness incurred under a Revolving Subordinated Loan Agreement dated (and, if amended, all amendments thereto) between the undersigned and the Lender, to which reference is hereby made for a statement of the terms and provisions, including those under which this Note may be paid prior to its due date or its due date accelerated. As provided in said Agreement, the payment of principal of and interest on this Note is expressly subordinated to the payment of all other claims on which are not similarly subordinated. Borrower: _____________________ By: ___________________________ Its: ___________________________
Page 1 and 2: REVOLVING SUBORDINATED LOAN AGREEME
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Sample Revolving Subordinated Loan Agreement

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