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Jul151501:31p 970-627-8173 p.1
SC
,~- RECEiV~o r tC t1AJL CENT[i1
2015 JUL 22 32 OF 32
HEDULE C-1 (FEC Form 3X) . AN 11: 52 Supplemi=ilary for LOANS
AND LINES OF CREDIT FROM LENDING INSTITUTIONS Information found on
Federal Eledicn Commlsskln, Washlngtgn, D.C. 20463
Paga ot Scbedule c -
NAME OF COMM\TIEE {In Full) Tmnsactlon ID: sc;rt0.25075.SC'I FEC
IDENTIFICATION NUMBER .. -.;'." ..
" ..
COLORADO REPUBLICAN COMMITIEE c C00033134 .. ' .. ~ ... ...... I
I
LENDING INSTITUT10N (LENDER) 1 Am~nt of L~ . Interest Rate (APR)
i Fun Name .. . . Centennial Bank 100000..QO a~. . Oh,
.. ~ . .. .. _,. .. .. .... '
Mamng Address .... u": "0- 'C , .. =y . ~ "' . .,. -13700 E
Arapahoe Rd. Dale Incurred' or Eslab!ished 02 28 2015
-
..
- .. . ...
.' M :1n . i) 'O ; , - v ; .,. v "y . City State Zip Code Date
Due . 0111l212018 Centennial co 80112 : ~ .. . .. Back Ref
SCl10.2!i07S
1.1 .. "\.1 r . o Q. ! '
v . y 'f.--A. Has loan been restNctured? 1:81 No QYes If yes,
dat1 ori~ Incurred
.. ..
B. If line of credit, Total ..
. Qltstanding .. - . ~- . . . . ... .. 10312.90 70J12.00
'.
Amount of this Draw; BBJance: ..
..
. '. ~ .
.. .,_.
. .
' ..
..
C. Are other par1ies secondarily Hable for the debt Incurred?
jg!_ No fl Yes (Endorsers and guarantors must be reported on
SchedUle C.} . D. Are any of 1he following pledged as collateral
for the loan: real estate, personal What ii. \he value of 1his
collateral?
property, goods, negotiable lnsttuments, cer1illc:ates of
deposit, chattel papers, .. .. . . stocf!s, aoaounts receivable,
cash on depos!t, or other similar traditional collateral? Q.00 '
igj No Oves _. ... ... , .. . 1. ... .. ..... H yes, specify:
- Does the lander have a p!!rfacted security interest in It? ~
No n Yes
E. Are any fulura contnbutions or rutura recelpls of interest
income, pledged as What Is the estimated value? collateral tor the
loan? l8J No O Yes lf yes, specify: .. ...
0.00 .. .. I
.I- . . ..
A deposttoTy account must be established pursuant Location cf.
acccunt to 11 CFR 100.82(e)(2) and 100.142(e)(2).
Dale acoount established: A.ddres'S: ~~ 414 'J ~ ' : 0 c { ' .
"".
" ~ .'f.
' City, State, Zip:
.:. : .. . ~ ..... . :.. . . . . .
F. tf neither at ffle types of oolfataraJ described above was
pledged for tl\is loan, or if the amount pledged doe5 not eQual or
exceed the roan amount, .statB the basis upon which thls loan was
made and the baslS on which it assures repayment
G. COMMITTEE TREASURER DATE Typed Name Robert BaDnk
..II. :.i .. .. a c , ,,. .y y .;
Signature Qc.~ ;;._ -u JOIS H. Attaclt a s1g_ned copy of the
l::ian ~eement
.L_TO_B.E_SJGNEO BY THE l,.ENDING INSTJTUTloN: I. To the bi!st
Ofrhis
fnstiMion'slmOwledge;-tti.etermsof-the-loan-and-other-lnformalion.regardlng_tf:l_e_eJ:(lensicm
of the loan <
ara accurate as stated above. II. The loan was made on terms and
conditions (Including interest rate) no more iavorable at the time
than those imposed for
similar extensions of credit to other borrowers ol comparable
creart. worthiness. m. This institution is aware of Iha requirement
tha1 e. loan must be made on a basis which assur@S repaymel'.lt,
and has
complied with 1t1a reqiJiremsnls set fofUI at 11 CFR 100.82 and
100.142 In mak!11g this loarJ. AUTHORIZED REPRESENTATIVE DATE Typed
Name .../1.. ' IA. ->l
' . " g I .. y ~ v
~e. .d-~
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~
GOVERNMENTAL CERTIFICATE
References in \ho boxes above are for lender's use only, and do
ncn limit t.he applicability of lhls document to any pcuth:ular
lean or item. Any item above conlaining ...... has been omitted due
to text length limitations.
Entity: COLORADO STATE REPIJ81.ICAN CENTRAL COMMITIEE 5950 SOUTH
WILLOW DRIVE #301 GREENWOOD VILLAGE, CO 80111
Lender: CENTENNIAL BANK DOW!ffOWN BRANCH 717 17th STREET
DENVER,CO 60202 (JOo) sao-1soo
I, THE UNDERSIGNED, 00 HEREBY CERTIF'i AND STATE UNDER PEi'IAL
TY OF PERJURY THAT: THE ENTITY'S EXISTENCE. lhe complete and
correct namo ol U1e govemmontal enuty I> COLORADO STATE
REPUBLICAN CENlRAL COMMITTEE ("Entity"). The Entlly is a
governmental entity which Is, and al all Umes shall be, duly
organlz.ed, validly exlsUng, and In good slanchng under and by
virtue of the Jaws and regulations of the Slate or Colorado. The
Enlity has the full power and DUlhorlty to own lls proper1iet>.
and to transact Iha ousines::; and activities in which it is
presently engaged or presently proposes to engage. The En~ty
maintains an office at 5950 SOUTH WILLOW DRIVE #301, GREENWOOD
VILLAGE. CO aoii1. The Entity shaH do all things necessuiy to
prese1Ve and to keep In full fore!! end effecl Its exlstenc9,
r1ghts and privileges, and shall compty witll an regulations.
rules, ordinances, statutes, orders snd
deer~~ of ths Entity and any other guvemmental or
quasi-governmental authorfly or court applicable to the Entily and
the Entily"s business activities. CERTIFICATES ADOPTED. At a
mealing of the.app1op~ate governing body of the Entity, duly called
and held on January 8. 2015, at whkoh a quo11Jm was present and
"Voling, or by other duly aulhorized ac1io11 In lieu of a meeting,
the resolutions 3at forth Bl this Cttrlificate were adopted.
OFFICIAL The following named person is an Official of COLORADO
STATE REPUBLICAN CENTRAL COMMITTEE:
::::: CAU =CHAIRMAN A!JTH:RIZfI2 X ~i~~:~f~~:'~l~t~~1~ ACTIONS
AUTHORIZED. Tf\O eu1norizad porson ll3ted above may enler Into any
agreemen~of any nature with Lender, and those agreenients will bind
the Entity. Speclficafty, but without limitation. the au!hnrized
person is authorized. empowered, and directed to do the following
for and oo behall of the Entity:
8ortow Money. To borrow, as a cos\gner or othel'\vtse. from time
to llme from Lender, on such terms as may be agreed upon between
the Entily and Lender, such sum or sums of money as In his or her
Judgment should.be borrowed, wilhout llmltatJon. E.J
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2 () 1 5 0 7 2 2 0
~ 0 0 0 1 2 7 l 9
Loan No: 16436001
STATE OF COLORADO
couNTY oF D.vwir
Subscribed and sworn to befo1e S~k c~ .. """" or
Witness my hand and oftlclal seal.
GOVERNMENTAL CERTIFICATE (Continued)
) SS )
'JI[ on this /~-f'-- doy of J,,.,9 20J2_, by c;.fu-h.;..
_'lu1.>u:; 1 u7, 2016
--. -... -_---- !
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0 0 0 1 )
~ 0
Loan No: 16436001
State of Colorado.
PROMISSORY NOTE (Continued) Page 2
RIGHT OF SETOFF. To the extent permittea by, applicable law,
Lender reserves a right of setolfin all Borrower's accounts with
Lender (wh~lhar checking, savings, or some other account}. ThJs
includes all accounts Borrower holds jointty with someone else Dnd
oil accounts Borroi.ver '.may open in the fulur~. Hnwliver, !his
does not lncludts any IRA a\ Koogh acoounls, er any trust accounts
for which setotf wou\d be prohibtteO by. law. Borrower aulhorizas
Lender. to lhe extent permlllad by applicable law, to charge or
setolf all sums owing on the debt against any an\! all such
accounts, and, at Lender's option, to administn:ilfv~fy freeze ell
such HCcounls to allm'Y Lender to prolet..i Lend~r's ::hctrge and
selC'Jff rl9hts prnvk:fed In this paragraph. UNE OF CREDIT. This
Nate evidences a revolvlng Une of credit. Advances under this Note,
as well as directions for payment from Borro11kir's accounts, may
be requested orally or In writing 'by Borrower or by an authorized
person. Lender may, but need not. require tnat ell oral reqt.iests
be confirmed in writing. Borrower agrees to be liable tor all 6ums
ellher: (A) advanced In accon:fsnce with the lnstrucllcns of an
autho1tzed pars.on or (B) cradiled lo any of Borrowor's:accounls
with Leru.!1'r. Til'd unpatd pltnc.ipal balance owing on this Note
at any \ime roaY be evidenced by endorsementc on this Note or by
LoN:ler'c internal record:::, including daily eomputor print-out.a.
: CLERICAL ERROR STATEMENT/AUTHORIZATION. An exhlbtt, titled
"Ci.ERICAL ERROR STATEMENT/AUTHORIZ!\TION; Is attached to mis Note
and by this reference is made a part of this Note just as if all
the provisions, terms er}d condlllons of the ExhlbH had been fully
sot forth In this Note.
SUCCESSOR llHERESTS. The lerrns of this Nole shali be binding
upon Borrower, and upon Borrower's heirs, personal represenlal(ves,
succesoors and assigns. and shall Inure lo the bonam of Landor and
ii& successor.; and assigns. GENERAL PROVISIONS. It any part of
this Nole cannot be enforced, this fact will not affect the rest of
the Noto. Lender may deloy or flJT90 enforcing any of its righls or
remedies uncJer this Note without tosin!J them. Borrower and any
other person who signs, ouaranrer.s or endorses lhis Nole, lo U'la
tu:.lenl ullovved by law, waive Presentment, domund for payment,
and notice of dishonor. U?Ofl any chango In U1e terms of this Nole,
and unless othen."Vise expressly stated in writing, no party who
signs this Note. whether as maker, guaranlor, accommodalion mLik~
or endorser, shaU be released from llablll1y. All sUch parties
agree that Lender may renew or extend (repeatedly and for any
length of time) this Eoan or release any party or guarantor or
collalt?ral; or impair, fail to realize upon or perfect Lander's
security inlerest in tho collateral; and ,take any other action
deemed necessary by Lender without the consent or or nolice to
anyone. All such pa'1ies else agree that Lender may mQdify !his
loan without the confienl of or notlce to an'yone other than the
party with whom Iha modification ts mada. The obllgations under
this !;-Iola are joint and several. PRIOR TO SIGNING THIS NOTE,
BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE,
INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO
THE TERMS OF THE NOTE. BORROWER Al: KNOWLEDGES RECEl~T OF A
COMPLETED COPY OF THIS PROMISSORY NOTE. BORROWER:
By:b,.. . R R CALL, or CDLC)RADO STATE REPUBLICAN CENTRAL
COMMIITEE
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CLERICAL ERROR STATEMENT/AUTHORIZATION
References in the boxes abovo are ror Lender's use only and do
not limit the applicabilily of this document to any pRrt!cular loan
or item. Any item above containing ............... has been omilted
dutt to text fttnglh limilalions.
Borrower: COLORADO STATE REPUBLICAN CENTRAL COMMITIEE 5950 SOUTH
WILLOW DRIVE #301 GREENWOOD VILLAGE, CO 801i1
Lender: CENTENNIAL BANK DOWNTOWN BRANCH 717 17th STREET
DENVER,CO 80202 (303) 680-1600
This CLERICAL ERROR STATEMENT/AUTHORIZATION lo ottachod lo ond
by lhis roforancc is modo o port of tho Promissory Noto, daled
J;muary 8, 2016, ond executed in connoctlon wllh D lo;;in or other
financial accommodaUons between CENTENNIAL BANK and COLORADO
STAT~ REPUBLICAN CENTRAL COMMITTEE.
Centennial Bank endeavors and strives to process every loan as
accurately as posslbll:!. Occasionally, in U1ls proces~. or In Its
general proc~Ss or aud!Lin~ loan files, we might discover clerlcal
errors or clerical omissions which must ba corrected to meet our
nnandel inslitution slandcirds. Whlla such errors and omissions.
arc infrequent, it is desirable to have your pre-aulhorizatlon to
correct those clerical errors or clerical omlssions. Centennial
Bank wlll not a.Iler or modify the essential terms of the k>an
or any !iuppo:ting documentation secwing the loan. Also, errors
will be
adjust~d according to the terms of such State and Federal laws
and regulations. We will prompUy foiward to you any document that
has been corrm:led under lhis procedure. I (We) hereby Irrevocably
authorize Cenlennii1I Bank lo correct, with notice, any clerlco.1
errors or cferlcnl omissions that may be present ln any and at1
toan documentation that I \we) encutcdoln connection with our loan.
I (We) further understand that sucll ccrr6ctlons shall nGt result
In any ln,resse In the amount of the essential terms of repayment
of the lo.an obllgallon. I {We) further consent, in advance, t.o
the corrocllOn of any errors or omlssli>ns as outllned here-In
and: thal I (we) unctetstand such correction procedures and agrc~
to such correction proc~dUres, without prior notice and without
n1:1cessity for writhm au\horlz.ii\1011 or appto~al.
THIS CLERICAL ERROR STATEMENT/AUTHORIZATION IS EXECUTED ON
JANUARY 8, 2015.
BORROWER:
,.._,.. .... )ol.1~ ~.uot-i-...~-S>.::11 . ..,.,qQl!O.-.
-~,~~ 1~ ,...,,.
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PROMISSORY NOTE
References in the boxes above a.re for Lende~s u~e. only and cro
not llm1t lhe appllcabllity of lhis document to any particular
Joa11 or ilam. Any item above con1em1ng ,,_ ....... has been
omirted due to text length llmltallons.
Borrower: COLORADO STATE REPUBLICAN CENTRAL COMMITIEE 5950
SOUTll WILLOW DRIVE #301 GREENWOOD VILLAGE, CO 80111
Principal Amount: $100,000.00
Lender: CENTENNIAL BANK DOWNTOWN BRANCH 717 17th STREET
DEN\'ER,CO 80202 {i03) 680-1600
Date of Note: January 8, 2C) 15 PROMISE TO PAY. COLORADO STATE
REPUBLICAN CENTRAL COMMITTEE ("Borrower") promises to pay to
CENTENNIAL BANK ("Lendor"), or order, in lawful money of the United
States c;ir America. the principal amount of One Hundred Thousand
& 00/100 Dollars ($100,0DO.Oil) or so much as may bo
out61Jndlng, togothor with l_"ntorcst on tho unpaid outs1andlng
prfnclpal balance of each adv;ancc. lntcrl'st shall be calculated
team tile date of each advance untll repayment Q.f eactt advance.
PAYMENT. Borrow~r will p3y thia loan In one payment of all
outstanding principal ~us all accruod unpaid lnterogt on Januory 8,
2016'. In ad.dilion, Borrower will pay rogutar monthly payments of
all accrued unpaid Interest due as of eilch payment date, beginning
Fobruary 8, :?.015, with all suhscquont Interest payments to be
d1.1c on tho same day of each month utter that. Unlc&s
otherwise agreed or n1quirud by applicable law, payments will be
applied first to any accn~ed unpaid Interest; and lhen to
principal. Borrower will pay Lender at Lender's address shown above
or at such olher place as Lender may designate In writing. VARlABLE
INTEREST RATE. The interest rate on this Nole is subjecl to chnngo
from time to time based on changes In an inC&pcndont index
which Is lhe Wall SlrP.et Jnurnal Prtme Rate (the "Index"). The
Index Is nol necessarily the lowesi rate charged by Lender on ils
Joans. If the Index becomP.1': unnvAilnble duri11g lhA term of this
loan. Lender may designale a subStitule Index after notifying
Borrower.. Lendor will ten Borrower the currenl Index rale upon
Borrowe~s request. The Interest rate change will not occur more
often than eacll day. Borrower understands that Lender may make
loans bas~ on other rates as well. The Index currently Is 3.250%
per annum. Interest on tho unpaid principal balance of this Nole
will be calculated as described In the "INTEREST CALCULATION
METHOD" paragraph using a rate of 2;000 percentage points aver the
Index. resuWng In. an inllial rate of 5.250% per annum based on a
yea; of 360 days. NOTICE: Undef no circumstances will the Interest
rate on this Note: be more than the maxfmum rate allowed by
applicable law. INTEREST CALCULATION METHOD. Interest on this Note
ls computed on a 3651360 basis; !hat Is, by applying the ratio of
the lnterest:rate over a year of 360 days, mu/Uplled by the
outstanding principal balance, mulllplled by the actual number of
days the principal balance Is outstanding. All lntorost payable
undar this Note is computed using this method. PREPAYMENT; MIN\MlJM
'\NiEREST CHARGE. In any tilvant, even upon 1ull prepayment of thls
Note. Borrov~r understands that Lender ls entiUed to a minimum
Interest charge of $25.00. Olher than Borrower's obligation to pay
any minimum Interest charge, Borrov.rer may: pay without penalty
all or a portion of the amount owed earlier than It is due. Early
payments will not, L!nless agreed to by Lender in writing, rerieve
Borrower of Oorrowar's obllgatlon to conlinue to make payments of
accrued unpaid iilterest. Rather. ear1y payments wlll reduce the
prinCipal balance due. Borrower agrees riot lo send Lende.-
paymehls manted paid in full". "wllhoul recourse'", or similar
language. If Borrow~r s~nds such a payment. Lendar may accept tt
without losing soy of Lander's rights under thJs Note, and Borrower
will remain obligated to pay any further amount owed to Lender. All
vnitton c~mmunicatlons concerning disputed amounts, including any
chedl; or other payment Instrument thal indiCilles I hat the
payment constltute.s "payment In full" or the amount ovied or that
Is lenderecl with other conditions or limitations qr i?.j: full
sntlsfacUon of a disputed amount rnust ba m:'!ilod or dollvcrcd to:
Centennial Bank, 13700 E. Arapahoe Rd. Contcnnlal, CO 80112. LATE
CHARGE. If a paymenl Is 10 days or inore late. Borrower will be
charged 5.000% of the regularly scheduled payment or $50.00,
Whichever Is greatnr. INTEREST AFTER DEFAULT. Upon defauJ~
including faHure to pay upon final maturity, the inleresl rate on
Jhis Note shall be increased lo 21.000% per afVlLim based on a year
of 360 days. However, in no ovont will the interest rate exceed the
maximum interest rate limitations unller applicable law. ' DEFAULT.
Each of Ute following shall consUtule an event of defaull ("Evenl
of Default') under lhis Nole:
Paymenl Defuult. Borrower fails to mak.e any payment when due
under this Note. Olher De!aulls. Borrower tails to comply Wilh or
to pertorm any olher larm, obligation, covenant or condition
contained in this Nola 9r in any of lhe relal.Bd documont:.; or to
comply with or to perform any term, obligation, covenant or
ccnd:tion con1ained in any other agreement b8tween Lender and
Bormwor. Def null In fe.vor of Third Parties. Bormwe:r or any
Grantor defaults und~c any loan, ex.lension of credit, securtty
agreement, purcnas'.e oc sale5 egreem.ent, or ony other agreemenl.
in favor of any other credllor or person that may materlaUy affect
any of Borrower's property or
Borrower~ abi!ily to 11011-Jay this Note or perform Borrower's
obligaUom; umJer this Note or any of Iha related ducu1mmt.s. False
Statements. Any warrsnly, representation or statement made or
fumShed to Lender by Borrower or on Borrower's behalf undetthis
Note or the related documents is false or rriisJaading in any
material respect. either now or at the lime mad:e or 1urnished or
be!:Omes false or misleading at any time therealter. Dc&1th or
Insolvency. The death of Borrower or the dissolution or tormlnation
of Borrmver's existence as a going bu&iness, the insolvancy of
Borrower, the appointment of e receiver for any pert of Borrower's
property, ony essignmenl tor the benem of creditors, any type of
credllor workout, or Iha cornmencemenl of any proceeding under any
bankruptcy or insolvency laws by or against Borrower. Creditor or
Forfollure Proc:eodlngs. Comrtjencoment ot foreclosure or
1ort6iture proceedings, whelhcr by judlcial proceeding,
self""'1elp, repossession or. ony other method, by any creditor of
Sorrower or by any govemmentat agency against any collatcrW
securing the loon. This Includes a garnishment of any of BorrOwer"s
accoums. including deposit accounts. w/Ltl Lender. However. tnis
Event of Defauit shaU not eppty if there is a good faith dispula
by: Borrower as to the validity or reasonableness of the claim
which Is the basis of the creditor or rorreilure procet!ding and if
Bonower gives Lender written notice of U1e creditor.or forfeiture
proceeding and deposils wil11 Lander monies or a surety bonrl for
the creditor or ror1al1ure proceeding, In an amount determined by
Lender, In lts so!a discretion. as being an adeqoale reserve or
bond for the dispute. Evonts Affecting Gu01rantor. Any of the
pr~ceding events occurs with respect to any guaral"tor, endorser,
surety. or ac:.commodotion party of omy of 1hc indobtednes9 or any
guarantor. endorser, surety, or accommodation party dies or becomes
incompetent, or revok~s or dlspules lhe validity of, or llaOlllly
under, any guaranfy of the indebtednoss evidenced by this Note.
Adverse Change. A material adver.stl Change occurs 111 Borrower's
financiaJ condition. or Lender belleves Ille prospect or payme1'.1l
or perfmmam:.~ o1 ~his Note Is Impaired. Insecurity. Lender In good
faith belfevas Itself Insecure. . . Cure Provisions.! If any
dafault, olhor than a default In payment Is curable and if Borrower
has not been given a notice of a breach of the same provision bf
this Nola wilhln the prei:ecf1ny twelve (12) rnonlhs. il may be
cured if Borrower, alter Landar sends written nolice l:i Borrower
dama~dlng cure of such default (1) cures the default wtthin twenty
(20) days; or (2) If the cure requires more then twenty (20) days,
1mmQdiatety Initiates steps which Lendor deems in Lender's solo
d'iscrotion lo be sufficient to cure the default and lherestter
continues and ct?mptales all reasonable and necessary steps
sufticlenl to produce compliance as soon es roasonabfy
practJcal.
LENDER'S RIGHTS. ! Upon dofaull, Landor may declare the entire
unpaid principal b=alonce under thi$ Note and all accrued unpaid
int~rcsl inunediotely due, and: then Borrower will pay that amounl.
ATTORNEYS' FEES: ~PENS ES. Lender may hire or pay someone else to
help collect this Note It Borrower noes not pay. Borrower will" pay
Lander tho reasonable costs of such collection. TtJs lnciudes.
subjecl to any llmlls under eppllcable law, Lender's anorneys' fees
and LenCer's legal expanses, whether or not there Is a lawsull,
including wlthour /Imitation etlomays' tees and lagal expenses for
bankruptcy ptoce~dings (including ettorts to f!!odilY or vm:CJle
any automatlC c1~y or Injunction), anCI oppeals. If not proniclted
by appli~b:e law. Borrower al!>D w111 pay any court costs., tn
il~dilion lo all other swns provided by law. . JURY WAIVER. Londor
and Borro.,..cr hereby waive the right to any jury trial i.n any
action, procooding, or counlc~laim brought by uilhcr Lcncicr or
Borrower against the other. G.OVERNING LAW. in1s Note will be
governed bY' federal law _applicable to Lender and, ro the ealent
not preempted by federnl Jaw, th& laws o1 1hc State of
Colorado. without reoard to Its Gonfll~ts ot law provisions. This
Note llas been accepted by Lender In the State of Colorddo. CHOICE
OF VENUE. Ir 1tiere Is a lowsult. Sorrower agrees upon Lender's
requesl to submit to the jurisdlcllon of th.a courls of DENVER
Coiinty,
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BUSINESS LOAN AGREEMENT
References In the bo>es above are for Lender's use only and
do not llmil the appucabilily or this document lo any particular
laan or item. Any item above containing ....... k .. has been
omitted due to text length limitations.
Borrower: COLORADO STATE REPUBLICAN CENTRAL Lender: CENTENNIAL
BANK COMMIITEE DOWNTOWN BRANCH . 5950 SOUTH WILLOW DRIVE #301 717
17th STREET GREENWOOD VILLAGE, CO 80111 DENVER, CO 80202
(303) 600-1600
11-llS BUSINESS LOAN AGREEMENT dated January 0, 2015, is made
and executed between COLORADO STATE REPUBLICAN CENTRAL COMMIITEE
l"Borrower'1 and CENTENNIAL BANK ("Lender") on lhe following terms
and conditions. Borrower has roccivcd prior commertial loilns _from
Lendc-r or ~~s applied to Len def'" for a con;mercl11I loiJn or
IOal\li or olhor tinunclaJ accommodations, ln:;:ludlng those. which
muy be de:tcnbed on any oxJub1t or schedule attach1:d to this
Agreement. 6orrow~r um.h:rstimds a11ci agrt:es U~t: (A} in
granting, renewing, or
e.xlan~ing any ~oan, Lender Is rnlylng upon Dorrowcr"s
roprcscnbtlons, warrantJcs, and agreements as set forth in thls
Agreement; (8) the granhng, ronow1ng, or nxtondlng of any lo:1n by,
lender at all llmes shall be subject to Lender's solo judgment .and
discrolion; ond (C} all such Loans :i;hall be amJ remain subject lo
the lenns: and condlUons of lhls Agreement TERM. This Agreement
shall be effective as of January 8, 2015, and shall .conlinue in
full force and effect until such time as all of Borrower's Loans In
favor of Lender have been pold In fUll, Including pr1ndpal,
Interest, costs, expenses, attorneys' fees, and olher fees and
charges, or lJntH such lime as the parties may agree In wrlling to
lermlnale this Agreement. . CONDITIONS PRECEDENT TO EACH ADVANCE.
Lender~ obligalion lo makts the inllial Advance and each subsequenl
Advance under this Agreement shall be subject to the fUlflllment to
Lender's salisfaclion of all of lhe conditions sel forth in th!:;
Agreement and fn lhe Related Documents.
Loan Documents. Borrower shall provide to Lender the following
documenls for the Loan: (1) the Note: (2) together with all such
Related Documents as Lender may roquirn for tho Loan: all in form
and substance satisfactory to Lender and Lender's counsel. :
Borrower's AUthorlz:aflon. Borrower shall have provided In form
anci substance satisfactory to Lender properly ce:lified
re~olutions, :duly authorizing the execution end delivery of lhis
Agu~entent, the Nole and the Related Documents. In addition,
Borrower sheU hav~ provided such o!her r~solulions.
liulharizalions, documents and instruments as Lender or its
counsel. may requite. Payment or Foes enc.I Expe11sc5. Borrower
shaJI have pilid to Lender all fees. charges. and other e:rpenses
which are 1hen due .::trn1 paYable as specified 111 this AgrcemP.nl
or eny Relalud Document. Reprcsentiltlons and Warrantlos. Tho
reprcsantallons and warrantle& sat rorth In this Agreement, in
the Rol.:ilod Documents, and in; any document or certi1icate
de~ivered to Lender Lmder this Agreement ere true and correct. No
Evant of Oafi:Jull. Thore shell not exisl at lhe time of any
Advortce a conc:llUon which would constitute an Evenl of Defaull
under: this Agreement n,r under any Relnted Documenl '
REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants
to Lender, as of !he d:ita or !his Agreemenl. as of the rials of
~ch disblJrsement of loan roce::eds, .as of the date of any
renewal. extension or modlflcation of any Loan, and at all times
any Indebtedness ex.isl~:
Organization. Borrower Is a governmental !30tlty Which Is, and
at all times shall be, duty organized, validly exisling, and In
good staridlng under and by virtue of the laws of the Slate of
Colorado. Borrower Is duty euthoriz.od to transilCC busfncss ln all
other states in which Borrower is doing buslne~. having obtained
all nacessary filings, gov~rnrnental licenses and approvals for
each state in which Borro~r Is doing business. Specifically,
Borrower Is, a_nd at au times shall be, duly qualified as e foreign
in all states in which the failure to so qualify wouki have a
material adverte effect on its businsss or financial condition.
BorrO\'ler has the full power and OJuthority to own its propertJes
and to transact tha business In which It is presentty engaged or
presently proposes to engage. Borrower maintains an office at 5950
SOUTH WILLOW DRIVE #301, GREENWOOD VILLAGE, CO 80111. Unless
Borrower has designated otherwise in wrlllng, the principal oHice
is lha offrce at which Borrower keeps its books and records
lncludfng lls records concerning Iha Collateral. BorrO\Yer will
notify LendE;r prior ta any change in Iha local/on of Borrower's
state of organlz.alion or any change in Borrower's name. Borrower
shaU cfo all things necessory to preGcrve and to keep iri full
force and etfccl its exislence, rights and privileges, and 3hall
comply wllh all regulations, rt.des. ordinances. statutes. orders
and decrees of any novemn;ental or quasJ-govemmental authority or
court app:lcable to Borrower and Borrower's business aclivities.
Assumed Business Names: Borrower has ti!ed or recorded ell
~ocu.ments or filing~ required by law rela~ng to all assumed
ou~lness na
1mes
used by Borrower. Excluc:hng tne name of Borrower, the following
1s a complele list ot all assumed buromess names un~or which
Borrower does business: None. ' Author1mUon. Borrowet's execution,
delivery, and performance of this Agrt'Cment and all the Related
Documents have been duly authorized by all necessary action by
Borrower and do not conflict with, result In a violation of. or
constitute a default under (1} . any provision of aily agreement or
other Instrument binding upon Borrower or (2) any law. governmental
ragulatlon, cour1 qecree. or Order appllcable 10 Borrower or to
Borrower's properties. Financial lnfonnation. Each of Borrower's
financial slalemenls supplied lo Lender tn.1ly and completely
dtsclosod Bot"rower's financial condition as of the date of the
statement, and there has bocn no matertal adverse change in
Borrower's financial condition subsequent to the date ot the mosl
recent financial statemenl supplied to Lender. Borrower has no
material contingent obligations except as disciosed in such
financial slalementa. Leyal Effoct. This Agrecmenl constitutes. and
any instrument or agreement Borrower is rt;tquired lo givo under
this Agroemenl when delivereo will conslilute lcgol, valid, and
binding obligations or Borrower onrorccublo ugalnsl Borrower In
~ccordancc wilh their respeclivo terms. Proporlles. Except os
contemplated by lhis Agreement or as previously disdosed In
Borrower's financial statements or in writing 10 Landar end as
accepted by Lender. and except for property tax liens for taxes not
presently due and payubte, Borrower owns o.md has good Ut!e lo all
of Oorrowe(s propenlcs free and clear o.f all Security Interests,
and has not executed any sar.urity documents or financing
staterr(enl:>
n~ll:::tllug lo 5uch 1 . .110011ic.s. All of Borrowers
propen.les am tilled in Borrower's logal name, and Borrower hes not
used or filed a finaricing statement under any other name for at
least the last five (5) years. Hazardous Substances. Except as
disclosed. to and acl
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Loan No: 16436001
wrtting.
BUSINESS LOAN AGREEMENT (Continued) P~ge 2
Taxes. To the bes! of Borrower's knowledge, an of Borrower's tax
returns and repons 1hal are or were ra4ulred to be filed, havo been
med. and all laxes, assessments.and olher [)Overnmenlal charges
have been paid In full, except those prnsentlv being or to be
contested by Borrower In good IMh In the ordinary couf"Se of
business and for which adequate reseres have been provided. Lien
Priority. Unless otherwise previously disclosCil to Lender in
wriling, Borrower has not cnterod into or gronled any Securily
Agreements, or permitter! me ~ting or a:tachmenl of any Security
lnlresls on. or aflecllng any of L'llled on a consi::.tent basis,
and permit Lender to exa~l,l:'is and audit Borrower's hooks i;lnd
records al all reasonable lime&.
. .
Fln:incfal Statements. Furnish Lender wilh-suc::h finuncial
sll:ll~mt!11ts~and otheF related information at such treouencies
and in such debi1 as Lender may reasonably request. AddH:ional
lnformotion. Furnish such additlonBI informaUon and ~tat~ments, as
Lendor m .. 'l~ request fi'om lime 10 time. Insurance. Maintain
fire and other risk Insurance. public liabllity Insurance, and such
other inclll3nco ;;as Lendor may require with respei:;t to
Borrower's rupt!rtit:~ anwer, upon request of Lender. will dol1ver
to Lander from time to time the policies or certificates of
Insurance in form salisfactory to Lender, lndu_d:ng srtpulations
that coverages will not bo cancelled or diminished without at leas!
ten (10) days prior wrilten notice to Lendor. Each Insurance policy
also shall include on endorseime11t providing lhal coverage In
favor of Lender will not be impaired ln any way by any act,
omission or dctaull of Borrower or any other cir~on .. In connecUon
with all policies covering assels in which Lender holcfs or is
offered a seci.Jrity interest for lhe Loans. Borrower will provide
Lender with such lender's loss payable or other endorsements ::as
Lender may require. Insurance Roports. Fumls.h to Lender, upon
request of Lender, feports on each existing ln$Ur'1ncc. poticy
showing such inormation as Lender may reasonably request, Including
wlihoul llmitalion Ina following: (1) lhe neme of the insurer; (2)
the risks Insured; (3) the amount of the pol!cy; (4) the properttes
insured; (5} the then current property values. on the basis of
YJhich ir.surancc has been obtuincd, and the martr:er of
det.erminfng lhose value~: and (6) the expiration date of the
policy. In addition, upon request of Lender (however not more often
than annually), Borrower will have an Independent appraiser
sat.isfactory. lo Lender determine. as applici\ble., the actual
Cash value or replacemonl co~t of any Collolcral. The cost of such
appraisal shall be paid by Borrower. Other Agrcemonti;. Comply with
all terms. and conditions of all olher agreements, wheUler now or
hereafter existing, Det\-veen BorrQwer and any other party and
nolify Lender imme~diately in writing or any dc(eu/l in ~onnection
wilh uny other such agreame.,ts. Loan Proceeds. Use all Loan
proceeds solely for Borrower's business operations, unless
specifically consented 10 the conlrary by Lend~r in writing. Taxes,
Charges and Lions. Poy Dnd discharg~ when due all of its
indeblednoss and obllgaUons, lntjudlng without llmr.allon all
assessments, mxc!l, governmcnttil charges. levies and liep::;, of
ev1:1ry kind and nature. imposed upon Borrower or its prnperU~s.
income, or profils 1 prior lo the date on which penalllos would
attac'1. and an lawful claims that, if unpaid, might bec;0me e lien
or ct-.arge upon any of Borrnwers proper1ies. im.:ome, or profits.
Prmtlded hoWever, Borrower wfll nol bo required lo pay end
discharge any such assessrnenl, tax, charge, fe'tl'y, lien or claim
so long as (1) the legal!ty of tha s.:1me shall be contestad In
good faith by approprfata proceedings, and (Z) Borrower shall have
estabfished on Borrower's books adequate reserves with respect 10
such comasled assessment, tax, charge, levy, lien, or clatm In
accordanco with GAAP. Perfonnanec. Perform and comply, in a timely
manner. with all terms. condilions, and provisions sel forth in
this Agreement. in lhc Related
O~cumenls, and in aU other 'nstrumenls ajld agreements. beMeeri
Borrower and Lender. Sorrower sha\I notif'J Lender immedialely in
writing of any default In connection with any agreemenL Operatlom.
M~inrain execunve and management personnel with substantially the
same quaiificallons and experience as the pre:sent execulive and
management personnel; provide written notice to Lender of any
changa in executive and managemimt personnel: condut.-t its
bu51ness titr;;11rs In a reasonable and prudent.manner.
En..-lronmen,at SbJdlB.S. Pcomptly conduct aOO comp:lete. at
Borrower's expense. an such Investigations, studies, samplings acid
lo~ting"_s :i.~ may be roquosted by Lender or any govemniontal
authority reletlVe to any oubstance, or any waste or by-product of
any substance defined as toxic or a hazardous substance u!lder
iipplicabta federal, state, or local law, rule, regulation. order
or directive, at or affecting any property or any facility owned,
leased or used by Borrower. Compliance with Governmental
Requirements. Comply wtth ell laws, ordinances, and regulations.
nmv or hereafter In effect, CJ:f eU governmental authorities
appllcoble to the ctintiuct of Borrower's propertios, businesses
and opereHons, and to the use or occupancy of the Collateral,
including wilhout /imitation, Iha Americans With OisabiHlies Act.
Borrower may contest in good faith any sur.h law. ordinance, or
regulatlon and withhold compliance duririg ony -proceeding,
Including approprWle appeals, _so long as Boirower has notified
Lend~r In wrftlng prior lo doing so end so loog as, Ir'! Lender's
sole opinion. Lender's intere:;ts in the Collateral are not
jeopartiiz.ed. Lender may require Borrower to post adequalB
security or a surety bond, reason;;ibfy satisfactory to Lender, to
prolec:I Lender's interest. Inspection. Permit employees or ogenls
of Le~der al any reasonable tirne to Inspect any and all Collateral
1or the Loan or Loons. and Borrower's other properUos aM \o
e)l;amine or a\Jdil Borrower's books. accounts, anrt records and to
make co~es end momoranda of Sorrowe(s books. accounts, ond records.
If Borrower now or at any linH! here.airer maintains any records
(including without limitQtion computer genera~ed racords and
computer software programs ror the generation of such. re.cords} in
the possession of a. third party, Borrower, upon requE1flt of
Lender, shall no~Jfy such party 10 permit Lander frt1e access to
su~n records at Bii roasonablu lmies and to prt)'lide Lender with
copies of any records. it rnay request, ~II at Borrower.:; axpense.
Environmental Compliance and Reports. Borrower shall comply in all
respects wlth any e11d all Envltcnmental Laws; not cause or
perrrlrt to exist, as a result or an Jn1emlonal or unlnlentional
action or omission on Borrower's pan or on the part of any third
party, on property mvned and/or oc-4upled.by Borrower, any
environmental activily where damage mey resull to !he e!'vironmenl.
unlcs6 such environm~nfBI aclivily is pursuaht to and in compliance
with the condll!omi at a permil issued by the appropriate federal,
state or local govemm~nta1 authoritios; :;he.II furnish to Lender
p1omplly ant.I In 1:tny ovon1 wtttiln tnlrty (30) aays after
receipt thereor a copy of any notfce, su~mons, lien. cifaUon.
dlr~ctive. letter or olher communication from any governmental
agency or instrumentality concerning any intentionat or
unintanttonal acli6n or omission on Borrowe(s part in connection
with any environmental activity whether or not there Is d;:image to
the environment ancJ9r other n~lural resources. A.ddUional
Assurinces. Make, execute and deliver to Lender such promissory
notes, mortgages, deeds of trust, security agreem~nts. assignmenls,
finaftcing statements. Instruments. documents and other agreements
as Londer or ils attorneys may reasonably reque~t to evidence and
secure the Loans anI -RECOVERY OF ADDITIONAL COSTS. If the
imposition of or any chango In any law. rule. regulallon or
guideline. or the lntorprotalion or appllcatlon of any tha~of by
any court or administrative or governmental eulhorily (including
an~ reque~l or polic~ not having 1ne force of ~aw) :.h
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loan No: 16436001 BUSINESS LOAN AGREEMENT
(Continued) Page 3 paying all ta~es: l~ens. securily i~leresls.
encumbrances and other claims, at any time levfed or plRr.r.rl on
any Co!IR!eml and paying all costs for \nsurlng, maintaining and
preserving any Coltareral. AU such expt:ndilures incurred or pald
by Lender for such purposes will then bear interest at the rate
charged un~er the Nate from lhe data incurred or paid by Lende1 10
lhe date of repayment by Borrower. All such expensas will oecome a
par1. ol the Indebtedness and, al Lende(s option, will (A) be
payable on domond; (B) be added to the balance of !he Note and
be
apportion~ amo.~ and be payable wl1h ~ny lnstollment payments to
become due during eiLher (1) the term of any applicable Insurance
pq11cy; or (2) t11e r~ma1111ng term of the Note; or (C) De treated
as a balloon payment which will be due anc payable et the Note's
maturity. CfSSATION OF.ADVANCES. If Lender has made any commitment
to make any Loan to Boriower, wheUier under this Agreement or
under. any ol11er agreement. Lender shall have no obligalion lo
makt11 l.oan Advances or to disburse Loan proceeds if: (A) Borrower
or any Guarantor is in default under the terms of Ulis Agreement or
acy of the Related Documents or any other a91eement that Borrower
or any Guarantor has with
lu~d~r: . (6} Borrows~ or any Guommlor dies, b~comes
_Incompetent or becomes insolvent, mes a peliUon in bankruptcy or
similar procecdtngs, or is &C1udged. a bank.Tupi; (CJ ~era
occurs e ma ten al adverse change in Borrower's financial
condition, in lhe financial condillon of; any Guarantor, or 1n the
value of any Collalerat securing any Loan; or (OJ any Guarantor
seeks, claims or otherwise attempts to limit modiiy or
~v~o0~e0~~:f~:8;:10~-=v~u:~~~:~e~~ lhe Loan or any other loan
with Lender; or (E) Lender In good faith deer.is II.self Insecure.
even thoug!h no RIGHT Of SETOFF. Ta the extent permitted by.
a~plicable law, lender raserves f! right of setoff in an Borrower's
accounts with Lander (wh6thcr checking, s;;1vmgs, or some other
account). nus includes all accounls Borrower holds jointly with
someone else and all accounts Sorrower "may DJ.um In lhe fu1ure.
However; this does not lncllJde any IRA or Keogh accounts, or ony
lru:;.I account!; for which setoff would be prohibited by law.
Borrower authorizes Lender. to the extent permiUod by applicable
law, lo charge or sctoff all sums owing on the debt against any anb
all such accounls, and, al Lender's option, to admini-st.rative!y
freez.e alt such accounts lo allow Lender to protect LenlJer's
charge and s.etoft r1Qhts. provided in this paraQraph. DEFAULT.
Each of the following shall conslilute an Even! of Defat1lt undt'r
th~ Agrdemenl:
Payment Dofault. Borrower tails to make any paymen1 when due
under the Loan. Other Oefaults. Borrower 1ails to c:ornp~ with or
\o perform any other term, obligation, coven.ant or condition
contained 1n lhis Agreemenl or In any of 1he Related Oocument or io
comply wltll or to perfonn any lenn, obligation, covenant or
condition contained in anv cilher agreement belwaen lender and
Borrower. Dofaufl in favor of Third Parties. Borrower or ony
Granier defaults unUur any 1oa11, extension of credll, security
agreement, purchase or sales agreement, or any other ogrecment. ~
fo
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Loan No; 16436001 BUSINESS LOAN AGREEMENT
(Continued) Page 4 Governing Law. This Agreement will be
governed by federal law applicabJa to Lendor and, to the oxtont not
preempted by federal l~w; the laws of the State of Colomdo without
regard to its conllicls of law provisiornt. Thi& Agreement has
been accepted by Lender in tho St..110 of Colorado. Choice of
Venue. If thera is a lawsuit, Borro.ver agreas upon Lender's
raquest to submit to the jurisdiction of the courts of DENVER
County, State of Colorado. :
No Waiver by Lendor. Lender she.II not be peemed to have waived
any rights under this Agrttemenl unless such waive1 is given In
writing and si~nert hy Le~der. No delay or ornissio_n on U1e parl
of Lender In exercising ~::iny rtghl shall opera1e as 3 waiver of
such ri9ht or;any other right. A waiver by Lender of a proV'lsion
of this Agreement shall not prejudice or consutute a waiver of
L&nder'.i::; right otherwise to dam.and strict compliance with
that provision or any other provi:::1ion of U1it.i Agroomenl No
prior waiver by Lender, nor any cour-W 01 dealing between Lender
and Sor.rower, or bet\oieep Lender and an_y Granlor. sMll
coC'lstltutc a wo.ivor of any of Lender's rights ar of aff/ of
Borrowe~E or any Granter'::. obhgatlons. as to ~ny tuture
transaclions. Whenever ttltt consent of Lender is required under
this Agreemenl, Ute granting of such con::;enl by Lender in any
1nsUlnce shall nol constitule canUnulng consent to subsequent
fnstancas where such conSent is required and in all ca:ses such
consent may be granted or withheld In the sole discretion of
Ltmder. Notices. Any notice required to be given 1,
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' '
Loan No: 16436001 BUSINESS LOAN AGREEMENT
(Continued) . I
Related Documents. The words "Related Documents mean ~II
promissory notes, credit agreements, loan agrcemenls, envlronmcntaJ
agreernenls, guaranlies, secumy agreements. mortgages, deeds of
trust. ecurlty deeds, coltoteral mortgages. and ail ot~.er inslrum
.. nts, agraemenl::i and documents. whether now or hereafter
exisling, execuled in oonneclion with lhe Loan. I Security
Agrocment. The words nsvcuii\y Agreamen1" mean and lncluda without
llmllallon any agreements, prornlses, coveniints, arrangements,
undarslandlngs or olher agreements, whether created by law.
contract, or olherwise, evidencing. governing, represenlln~. or
creating a Security !ntorest i Security Interest. The wo1ds
"Securily lriterest" mean, without limttalion, any and au types of
coJlatsral security, present and future, whether in Iha rorm or a
lien. charge, encumbrance, mortgage, deed of lrust, security dood,
assi9nm0n1, pledge, crop pledgo, chflttel mortgage, collateral
chattel mortgag. challel trust, factor's lien. equipment trust,
condi~onal sals, trust receipt. lien or title mtc~llon contract.
lease or consignment intondod a& Cl !>ocurity device, or any
other sec.urlly or I/en lnlorest whntsoever whether croetecl by
)aw. contract. or otherwise.
BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS
BUSINESS LOAN AGREEMENT ANO BORROWER AGREES TO ITS TERMS. THIS
BUSINESS LOAN AGREEMENT IS DATED JANUARY 8, 2015. .
BORROWER:
LENDER:
CENTENNIAL BANI(
By:~~~~~~~~~~~~~~~,.,..,.~==-~ DAVIS S; SUTLER, SVP,
RELATIONSHIP MANAGER
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PATRIOT ACT DISCLOSURE
References in the boxes above are ror Lender's use anly and do
nol limit the applicability of lhis document tu any p;:irticular
loan or l\t~m. Any Hem above conlalning ............. ha
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DISBURSEMENT REQUEST AND AUTHORIZATION
Relerences in tile boxes above are for Lende~s use only and do
not limit the applicability of this documenl to any particular loan
or ilem. Any item obove cohlainlng ............. has I.Jean omllted
aue to text length llrnitations.
Borrower: COLORADO STATE REPUBLICAN CENTRAL COMMITTEE 5950 SOUTH
WILLOW DRl\IE "301 GREENWOOD VILLAGE, CO 80111
Lender: CENTENNIAL BANK DOWNTOWN BRANCH 7171Tth STREET DENVER,
CO 80202 (JUJ) 680-1600
LOAN T'f PE. This is a Vru1able Raio Nondlsclosable Revolving
line at C1edil Loan to a Government Entity for $100,000.00 due on
Jonuel)I 8, 2016.
PRIMARY PURPOSE OF LOAN. T11e primary purpose of this loan is
for:
0 Per.conal, Fumily, or Hou5ehohJ Purp~ses or Personal
lnve$tmont. 181 Busllll!Ss (Including Real Es!Blo lnvastrnenl).
SPECIFIC PURPOSE. The specific purpooo of this loan is: WORKING
CAPITAL. DISBURSEMENT INST'.RUCTIONS. Borrower understands lhat no
loan proceeds will be disbursed until all of Lander's conditions
for 11UJkfng the loan have boan sati:;fied. Pleaso dia.burse the
loan proceeds or $100.000.00 as follows:
Undisburstid Funds: $100,000.00
Noto Principal: $100.000.00
CHARGES PAID IN CASH. Borrower ha9 po:Jid or ~ ... ill pa~ in
cash as agreed lh~ rollcwing charge~:
Prepaid Finuncn Charges Paid in Cash: Olhor Charges Paid In
Cash:
$1 .000.00 Loan Origination Fee
Tol::ll Charges Paid In Cash:
$0.00 $1.000.00
s1,ooo.oo AUTOMATIC PAYMENTS. Borrower hereby aulh
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Centennialbank 13700 East Arapahoe Road, Centennial, CO 80112
717 r?' Street, Suite 100, Denver, CO 80202
Small Business Jobs Act Certification
303-680-1600
The following information is req~ested pursuant to Section
4107(dJ(2) of th_e Small Bu>iness job_sAct of 2Q10. The law
reqyires an institution to obtain a certification from any business
receiving a loan using runds received by the institution under the
Small Business Lending Fund.
Legal Name of Loan Recipient: COLOR1\DO STATE REPUBLICAN CENTRAL
CC ("Borrower")
Legal Name of Lending Institution: CENTENNIAL BANK
("Lender")
As required by Section 4107(d)(2) of the Small Business Jobs Act
of 2010, Borrower hereby certifies to Lenderthat the principals 1
of Borrower and its affiliates have not been convicted of, or
pleaded nolo contendre to, a sex offense against a minor (as such
terms are defined in sectio11 111 nf the Sex Offender Registration
and Notification Act (42 U.5.C. 16911 )J.
Legal Name of Loan Recipient:
COLORADO STATE REPUBLICAN CENTRAL COMMITIEf
By: Authot~ed Signature
RYAN R CALL Name:
Tirle: STATE CHAIRMAN
Date:
1 n1e rerm "principals" is dej)ned os follows: if a sole
proprietorship, tile proprietor; if o porrnership, each managing
partner and
eod> partner who is a nowral person and holds a 20% or more
ownership interest in the partnership; and if o corporation,
limited Hability company, oisociation or a developmept company,
each director, each of the five most highly compensated executives
or officers uf rile entity, and each natural person'wha is a direct
or indirect holder of 20% or mare of 1he ownership stotk or stock
equivalent of the enrity.
JI.I a IQ b er
FDIC 09/2011
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RESOLUTION CONCERN!NG BORROWING AUTHORITY
After due deliberation and following review of the year-to-date
financials of the Colorado Republican State Central Committee, and
in accordance with the Bylaws and other governing documents of the
Colorado Republican State Central Committee, the following
resolution was unanimously approved at the meeting of the Executive
Committee on Friday, December 19, 2014 at the headquarters of the
Colorado Republican Party:
RESOLVED:
1. The Executive Committee of the Colorado Republican State
Central Committ~e recommends and authorizes the State Chairman to
incur obligations on behalf of the Colorado Republican State
Central Committee in the form of a line of credit and/or commercial
loan in an amount not to exceed two hundred fif\:y thous;rnd
dollars ($250,000.00).
IN WITNESS WHEREOF, the uride.rsigned officer of the Colorado
Republican State Central Committee has signed his name as of the
date below.
Attest:
Rya1 . Call, State Chairman Colorado Republican State Central
Committee
Date
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. WA,HINOTON DC 21l463-0t101 ! P:tNINE S: GRlEEN
922-2t,20 1iZ06R849027146 __Jlll,2=_6 ____ _ nDC3SXA nDLDC316
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