New Fund Loan

New Fund Loan. Borrower shall provide evidence that (A) Belvedere Capital Fund II L.P. (the "Fund") has made an additional unsecured loan (the "New Fund Loan") in an amount of no less than $6,500,000.00 to the Borrower by no later than March 31, 2009, and (B) the Fund has provided a fully executed Subordination Agreement ("Subordination Agreement") on Lender's standard form, evidencing the subordination and postponement of such New Fund Loan and any other loan from Fund to Borrower to the Senior Indebtedness,... and (C) Borrower has invested at least $5,000,000.00 of the proceeds from the New Fund Loan into the Borrower's subsidiary bank as a capital injection by no later than March 31, 2009. For the avoidance of doubt, the Subordination Agreement shall expressly provide that Fund will postpone its right to payment of and Borrower will defer all principal and interest payments of such New Fund Loan until the Senior Indebtedness has been paid in full; View More