The Loan Commitment. Subject to the terms and conditions hereof, each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a "Loan" and collectively "Loans") to the Borrower from time to time on a revolving basis in an aggregate outstanding amount up to the amount of its revolving credit commitment set forth on the applicable signature page hereof (such amount, as increased or reduced pursuant to Section 2.12 or changed as a result of one or more assignments under Section 11.12, its "Revolving Credit Commitment" and, cumulatively for all the Banks, the "Revolving Credit Commitments") before the Termination Date, provided that the sum of the aggregate Amount of Loans at any time outstanding shall not exceed the Revolving Credit Commitments in effect at such time. Each Borrowing of Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Loans be either Base Rate Loans or LIBOR Loans. Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. The initial amount of Revolving Credit Commitments under this Agreement equals $100,000,000.
The Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a one-time loan (individually a “Loan” and collectively “Loans”) to the Borrower on the date hereof in U.S. Dollars in an aggregate outstanding amount equal to its commitment set forth opposite the name of such Bank on Schedule 2.1 hereto (such amount, its “Commitment” and, cumulatively for all the Banks, the “Commitments”). As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Loans be either Base Rate Loans or Eurodollar Loans. Loans may not be reborrowed once repaid. Unless an earlier maturity is provided for hereunder, all Loans shall mature and be due and payable on the Termination Date.
The Loan Commitment. Subject to the terms and conditions hereof the Lender agrees to make a loan or loans (individually a “Loan” and collectively “Loans”) to the Borrower from time to time on a revolving basis in an aggregate outstanding amount up to the TWENTY FIVE MILLION DOLLARS ($25,000,000) (such amount, as increased or reduced pursuant to Section 2.12 or changed as a result of one or more assignments under Section 11.12, the “Revolving Credit Commitment”) before the Termination Date, provided that the sum of the aggregate amount of Loans at any time outstanding shall not exceed the Revolving Credit Commitment in effect at such time. As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Loans be either Base Rate Loans or LIBOR Loans. Loans may be repaid and the principal amount thereof re-borrowed before the Termination Date, subject to all the terms and conditions hereof.
The Loan Commitment. Subject to the terms and conditions of this Agreement, the Lender agrees to make revolving credit loans (individually, a "Loan"; collectively, the "Loans") to the Borrower from time to time during the period (the "Loan Commitment Period", commencing upon the date hereof and terminating on the second anniversary date (the "Termination Date") in an aggregate principal amount at any one time outstanding not to exceed $500,000.00 (the "Loan Commitment"). Lender and Borrower hereby acknowledge that Lender has previously loaned to Borrower certain sums whose aggregate outstanding balance is $330,859.00 as of the date hereof; the parties agree that his amount shall be deemed a "Loan" for all purposes under this Agreement and currently outstanding under the Loan Commitment.
The Loan Commitment. On the terms and conditions set forth in the MLA and this First Supplement, CoBank agrees to make a loan to the Borrowers (the "Loan"), by means of one or more advances in an amount not to exceed $40,000,000 (the "Commitment"). All of the Borrowers shall be jointly and severally liable for the Loan, however incurred. References to the Borrowers with respect to the Loan or any portion thereof shall mean each Borrower on a joint and several basis. Under the Commitment, amounts borrowed and later repaid may not be reborrowed. The Commitment shall expire at 12:00 noon Eastern time on June 29, 2002, or on such later date as CoBank may, in its sole discretion, authorize in writing (the "Termination Date").
The Loan Commitment. Subject to the terms and conditions hereof, each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a "Committed Loan" and collectively "Committed Loans") to the Borrower from time to time on a revolving basis in U.S. Dollars and the Alternative Currency in an aggregate outstanding Original Dollar Amount up to the amount of its revolving credit commitment set forth on the applicable signature page hereof (its "Revolving Credit Commitment" and, cumulatively for all the Banks, the "Revolving Credit Commitments"), subject to any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of the aggregate Original Dollar Amount of Loans (whether Committed Loans or Swing Loans) and of L/C Obligations at any time outstanding shall not exceed the lesser of (x) the Revolving Credit Commitments in effect at such time or (y) the Borrowing Base as then determined and computed; and the sum of the aggregate Original Dollar Amount of Committed Loans denominated in the Alternative Currency shall not exceed $30,000,000. Each Borrowing of Committed Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 1.5(a) hereof, the Borrower may elect that each Borrowing of Committed Loans denominated in U.S. Dollars be either Domestic Rate Loans or Eurocurrency Loans. All Committed Loans denominated in the Alternative Currency shall be Eurocurrency Loans. Committed Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof.
The Loan Commitment. Subject to the terms and conditions hereof, each Bank, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Revolving Loan” and collectively “Revolving Loans”) to the Borrower from time to time on a revolving basis in U.S. Dollars up to the amount of its revolving credit commitment set forth on Schedule 1 hereto or pursuant to Section 1.9 or 13.12 hereof (its “Commitment” and, cumulatively for all the Banks, the “Commitments”), subject to any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of (a) the aggregate Original Dollar Amount of Revolving Loans, Swing Loans and L/C Obligations and (b) the aggregate U.S. Dollar Equivalent of all Alternative Currency Loans at any time outstanding shall not exceed the Commitments in effect at such time. Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 1.4(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof.
The Loan Commitment. Subject to the terms and conditions of this Agreement, the State agrees to lend to the Recipient, and the Recipient agrees to borrow from the State, an amount not to exceed the Project Loan amount as set forth in Section 2.2 hereof. The amount of the Project Loan shall equal the Eligible Project Costs. The Recipient’s obligation to repay the Project Loan shall be a general obligation of the Recipient issued on a parity basis with any outstanding senior indebtedness of the Recipient, except as otherwise provided in this Agreement. The Recipient shall provide as Exhibit V hereto a list of any outstanding senior indebtedness of the Recipient including outstanding balances, if any, which would take priority over the Recipient’s obligation to repay the Project Loan to the State. The Recipient shall issue a note or other obligation evidencing its obligation to repay the Project Loan to the State in the form specified in Exhibit II and /or Exhibit III hereto. The State’s obligation to make the Project Loan shall terminate 30 days from the date of this Agreement, unless the conditions precedent to funding the Project Loan set forth in Section 6.1 of this Agreement are satisfied by that date.
The Loan Commitment. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make a term loan to the Borrower in Dollars on the Effective Date, in an amount equal to such Bank’s Commitment by making immediately available funds available to the Administrative Agent’s designated account, not later than the time specified by the Administrative Agent. Any amount borrowed under this Section 2.1 and subsequently repaid or prepaid may not be reborrowed. Unless previously terminated, the Commitments shall terminate at 11:59 p.m. (New York time) on the Effective Date.
The Loan Commitment. IBM Credit shall not have any obligation to issue a letter of credit; however, IBM Credit shall, subject to the terms and conditions hereof, participate in all letters of credit issued by the other Lenders pursuant to this Agreement. If a Letter of Credit hereunder is issued other than by Chase, then the issuing Lender shall promptly (and in any event within one Business Day) notify Agent thereof and include with such notice Borrower's application for such Letter of Credit, a photocopy of the issued Letter of Credit and a statement signed by such issuing Lender acknowledging that such Letter of Credit was issued hereunder. The obligation of Lenders (acting through any Lender or Lenders (other than IBM Credit) designated by Borrower from time to time, as issuer) to issue Letters of Credit hereunder shall expire at Agent's close of business in Dallas, Texas on the Loan Maturity Date. Each Letter of Credit, as the same may be amended or extended from time to time, shall expire no later than the Loan Maturity Date. All Letters of Credit issued hereunder shall be in the issuing Lender's standard form or in such other form as is mutually agreed upon by Borrower and Lenders."
