Clause Information
Use of Proceeds. The Company shall use the net proceeds from the sale of Subordinated Notes (i) to prepay Five Million Dollars ($5,000,000) of its term loan from First Merchants Bank to the Company, dated June 30, 2017, (ii) to make a Ten Million Dollar ($10,000,000) capital contribution to the Bank and (iii) for general corporate purposes.
| Clause Category: | Use of Proceeds |
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