EX-10
from 8-K
1 page
68 Exchange Street, Binghamton, Ny 13901 June 16, 2010 I $1,865,000 Multi-Disbursement Term Loan Borrower: Corning Natural Gas Corporation Bank: Manufacturers and Traders Trust Company Amount of Loan: $ 1,865,000.00. Cnig Page 2 Collateral: Pari-Passeu First Security Interest in All Fixed Assets and Equipment, Contract Rights, Easements, Right of Ways, Etc. of the Company. Interest Rate: Draw Period: M&T Bank Prime Rate + 1.5% Guarantors: None Commitment Fee: 1/2 of 1% of Loan Amount
12/34/56
EX-10
from 10-Q
1 page
Dear Fi: M&T Bank Has Reviewed Your Loan Requests and Is Pleased to Inform You That We Have Approved Your Request for a $1,865,000 Term Loan to Finance 60% of Annual Psc Capital Expenditures Requirement for Infrastructure Repair/ Replacement. the General Terms and Conditions of the Term Loan Are Outlined Below in This Letter. $1,865,000 Multi-Disbursement Term Loan Borrower: Corning Natural Gas Corporation Bank: Manufacturers and Traders Trust Company Amount of Loan: $1,865,000.00. Type of Loan: Multi-Disbursement Term Loan Facility Purpose: Provide Financing for Capital Expenditure Program for Psc Required Infrastructure Repair/ Replacement for 2010. Cnig Page 2
12/34/56