ContractNegative Pledge Agreement • May 5th, 2020
EX-10.8 14 negativepledgeexh108.htm NEGATIVE PLEDGE AGREEMENT Exhibit 10.8 NEGATIVE PLEDGE AGREEMENT Borrower: UTG, INC 5250 South Sixth Street Springfield, IL 62703 Lender: First Tennessee Bank National Association Financial Institutions 845 Crossover Lane, Suite 150 Memphis, TN 38117 THIS NEGATIVE PLEDGE AGREEMENT dated December 8, 2006, is made and executed between UTG, Inc. (“Borrower”) and First Tennessee Bank National Association (“Lender”) on the following terms and conditions and in connection with Lender’s extension of credit to Borrower in the original principal amount of A) 18,000,000.00 and B) $5,000,000.00 evidenced by the Notes and further evidenced by Loan Agreement between Lender and Borrower (“Loan Agreement”) of even date herewith. Unless otherwise defined in this Agreement, capitalized terms used herein shall have the meanings ascribed to them in the Loan Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loans, Lender is rel
NEGATIVE PLEDGE AGREEMENTNegative Pledge Agreement • March 29th, 2007 • Utg Inc • Life insurance • Tennessee
NEGATIVE PLEDGE AGREEMENTNegative Pledge Agreement • February 20th, 2007 • Utg Inc • Life insurance • Tennessee