The District of Columbia Loan Agreement is a legal document that outlines the terms and conditions of a loan arrangement between Lacked Gas Co., Mercantile Bank National Assoc., Bank of America, and Credit Suisse First Boston. This agreement is specific to transactions occurring within the District of Columbia jurisdiction. The purpose of this loan agreement is to define the responsibilities and obligations of each party involved in the lending process. It establishes the terms of the loan, including the principal amount, interest rate, repayment schedule, and any additional fees or charges associated with the loan. There are different types of District of Columbia Loan Agreements that may be entered into between the aforementioned parties, including: 1. Term Loan Agreement: This type of agreement outlines a loan with a fixed repayment schedule over a specified term. It may include provisions for early repayment or penalties for late payments. 2. Revolving Loan Agreement: This agreement allows the borrower to access a predetermined credit limit on an as-needed basis for a specified period. The borrower can draw and repay funds multiple times throughout the term of the agreement. 3. Construction Loan Agreement: Specifically tailored for financing construction projects, this agreement provides funding for the acquisition of land, construction costs, and other related expenses. It often includes disbursement provisions tied to project milestones. 4. Bridge Loan Agreement: This short-term loan agreement fills the gap between the completion of a previous loan and the availability of a new, long-term financing option. It helps borrowers meet immediate financial needs while awaiting permanent financing. These loan agreements serve as legally binding contracts and are designed to protect the interests of both the lenders and the borrowers. They establish clear guidelines regarding loan terms, repayment obligations, default provisions, and dispute resolution mechanisms. It is important for all parties involved to carefully review and understand the terms of the District of Columbia Loan Agreement before signing. Consulting legal and financial professionals is highly recommended ensuring compliance with all applicable laws and to mitigate any potential risks.