Common use of Revolving Line of Credit Commitment Clause in Contracts

Revolving Line of Credit Commitment. On the terms and conditions set forth in the MLA and this Third Supplement, Lender agrees to make one or more advances (collectively, the “Revolving Line of Credit Loan”) to Borrower on a revolving basis, during the period beginning on the Availability Date (as defined in Section 5 of this Third Supplement) and ending on the Business Day immediately preceding the Revolving Line of Credit Loan Maturity Date (as hereinafter defined in this Section 2) (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed $6,000,000.00 (the “Revolving Line of Credit Commitment”) provided, however, that at no time shall the Outstanding Revolving Advance exceed the Borrowing Base. The Revolving Loan Commitment shall expire at 12:00 noon Central time on the 364th day from the Conversion Date (the “Revolving Line of Credit Loan Maturity Date”). Subject to Section 13 of this Third Supplement, under the Revolving Loan Commitment amounts borrowed and repaid or prepaid may be reborrowed at any time prior to and including the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Master Loan Agreement (Homeland Energy Solutions LLC)

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Revolving Line of Credit Commitment. On the terms and conditions set forth in the MLA and this Third Supplement, Lender agrees to make one or more advances (collectively, the “Revolving Line of Credit Loan”) to Borrower on a revolving basisthe Borrower, during the period beginning on the Availability Date (as defined in Section 5 of this Third Supplement) and ending on the Business Day immediately preceding the Revolving Line of Credit Loan Maturity Date (as hereinafter defined in this Section 2) (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed $6,000,000.00 2,000,000.00 (the “Revolving Line of Credit Commitment”) provided, however, that at no time shall the Outstanding Revolving Advance exceed the Borrowing Base. The Revolving Loan Commitment shall expire at 12:00 noon Central time on the 364th day from the Conversion Date (the “Revolving Line of Credit Loan Maturity Date”). Subject to Section 13 7 of this Third Supplement, under the Revolving Loan Commitment amounts borrowed and repaid or prepaid may be reborrowed re-borrowed at any time prior to and including the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Master Loan Agreement (Central Iowa Energy, LLC)

Revolving Line of Credit Commitment. On the terms and conditions set forth in the MLA and this Third Supplement, Lender agrees to make one or more advances (collectively, the “Revolving Line of Credit Loan”) to Borrower on a revolving basisthe Borrower, during the period beginning on the Availability Date (as defined in Section 5 of this Third Supplement) and ending on the Business Day immediately preceding the Revolving Line of Credit Loan Maturity Date (as hereinafter defined in this Section 2) (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed $6,000,000.00 2,000,000.00 (the “Revolving Line of Credit Commitment”) provided, however, that at no time shall the Outstanding Revolving Advance exceed the Borrowing Base. The Revolving Loan Commitment shall expire at 12:00 noon Central time on the 364th day from the Conversion Date October 12, 2009 (the “Revolving Line of Credit Loan Maturity Date”). Subject to Section 13 7 of this Third Supplement, under the Revolving Loan Commitment amounts borrowed and repaid or prepaid may be reborrowed re-borrowed at any time prior to and including the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Master Loan Agreement (Central Iowa Energy, LLC)

Revolving Line of Credit Commitment. On the terms and conditions set forth in the MLA and this Third Supplement, Lender agrees to make one or more advances (collectively, the “Revolving Line of Credit Loan”) to the Borrower on a revolving basis, during the period beginning on the Availability Date (as defined in Section 5 of this Third Supplement) and ending at 12:00 noon Central Time on the Business Day immediately preceding the Revolving Line of Credit Loan Maturity Date (as hereinafter defined in this Section 24) (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed $6,000,000.00 4,000,000.00 (the “Revolving Line of Credit Commitment”) provided, however, that at no time shall the Outstanding Revolving Advance exceed the Borrowing Base. The Revolving Loan Commitment shall expire at 12:00 noon Central time on the 364th day from the Conversion Date (the “Revolving Line of Credit Loan Maturity Date”). Subject to Section 13 7 of this Third Supplement, under the Revolving Loan Commitment amounts borrowed and repaid or prepaid may be reborrowed at any time prior to and including the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Master Loan Agreement (Otter Tail Ag Enterprises, LLC)

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Revolving Line of Credit Commitment. On the terms and conditions set forth in the MLA and this Third Supplement, Lender agrees to make one or more advances (collectively, the “Revolving Line of Credit Loan”) to Borrower on a revolving basisthe Borrower, during the period beginning on the Availability Date (as defined in Section 5 of this Third Supplement) and ending on the Business Day immediately preceding the Revolving Line of Credit Loan Maturity Date (as hereinafter defined in this Section 2) (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed $6,000,000.00 4,500,000.00 (the “Revolving Line of Credit Commitment”) provided, however, that at no time shall the Outstanding Revolving Advance exceed the Borrowing Base. The Revolving Loan Commitment shall expire at 12:00 noon Central time on the 364th day from the Conversion Date October 14, 2008 (the “Revolving Line of Credit Loan Maturity Date”). Subject to Section 13 7 of this Third Supplement, under the Revolving Loan Commitment amounts borrowed and repaid or prepaid may be reborrowed re-borrowed at any time prior to and including the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Master Loan Agreement (Central Iowa Energy, LLC)

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