CPP

CPP. Notwithstanding anything to the contrary in the Agreement and the Loan Documents, Borrower agrees to pay one of the following principal payment reductions of the Senior Indebtedness, as applicable, on or before the dates specified : (A) if Borrower receives $10,000,000.00 or a greater amount from the United States Department of the Treasury with respect to Borrower's application for participation in the Treasury Capital Purchase Program (the "CPP"), then within 15 calendar days of receipt of... such amount Borrower shall pay a principal reduction of the Senior Indebtedness equal to $2,500,000.00; (B) if Borrower receives any amount less than $10,000,000.00 from the United States Department of the Treasury with respect to the CPP application, then within 15 calendar days of receipt of such amount Borrower shall pay a principal reduction of the Senior Indebtedness equal to $2,000,000.00 and (C) if for any reason whatsoever no payment is received by Lender pursuant to the forgoing clauses (A) or (B), then Borrower shall pay a principal reduction of the Senior Indebtedness equal to $2,000,000.00 by no later than December 31, 2009. View More

CPP. Has the meaning ascribed to it in the Purchase Agreement.