Revolving Credit Facility

This contract is for a revolving credit facility between the Hillsborough County Aviation Authority and Truist Bank, with a maximum commitment amount to be determined. The facility will be used to provide funds to the Authority from time to time to pay the cost of certain expansions and improvements to its airport system. The contract includes various terms and conditions, such as the interest rate, repayment terms, and default provisions. The Authority has agreed to comply with all applicable laws and regulations, including those related to non-discrimination and public records. The contract also includes provisions for the lender to provide notice of any changes to the terms and conditions of the facility. Some key points about the job's work and scope-of-work include: the facility will be used to finance expansions and improvements to the airport system, the Authority will be required to make payments of principal and interest on the loan, and the lender will have the right to accelerate the loan in the event of default. Key points about the contract's terms and conditions include: the interest rate will be determined based on the prime rate, the loan will have a term of 5 years, and the Authority will be required to provide regular reports to the lender.