The Term Loan Commitment. As of the date hereof, CoBank’s obligation to extend credit to the Company has expired and the unpaid principal balance of the loans is $20,000,000.00 (the “Commitment”).
The Term Loan Commitment. On the terms and conditions set forth in the MLA and this Supplement, CoBank agrees to make loans to the Company from time to time during the period set forth below in an aggregate principal amount not to exceed $20,000,000.00 (the “Commitment”). Under the Commitment, amounts borrowed and later repaid may not be reborrowed.
The Term Loan Commitment. As of the date hereof, Farm Credit’s obligation to extend credit to the Company has expired and the unpaid principal balance of the loans is $15,740,000.00 (the “Commitment”).
The Term Loan Commitment. 2.3(a) Subject to the terms and conditions of this Agreement and provided no Default or Event of Default has occurred and is continuing, the Lender agrees from time to time during the period from the Closing Date to, but not including, the Term Loan Commitment Termination Date, to make Term Loan Advances to the Company, provided the total aggregate principal amount outstanding at any one time of all such Term Loan Advances shall not exceed the Term Loan Commitment Amount. The obligation of the Lender to make Term Loan Advances hereunder up to the Term Loan Commitment Amount is hereinafter referred to as the "Term Loan Commitment." All Term Loan Advances under this Agreement shall constitute a single indebtedness, and all of the Collateral shall be security for the Term Loan Promissory Note and for the performance of all the Obligations.
The Term Loan Commitment. On the terms and subject to the conditions hereof, the Lender agrees to make a term loan to the Borrower on the Closing Date in an amount equal to the Term Loan Commitment Amount.
The Term Loan Commitment. On the terms and subject to the conditions contained in this Agreement, the Lender agrees to make available to the Borrower from time to time during the period from the Closing Date to the Commitment Termination Date each term loan (each, a "Term Loan" and collectively, the "Term Loans"), requested by the Borrower in accordance with Section 2.2. All Term Loans made hereunder shall not exceed at any time outstanding the Lender's Commitment. Amounts repaid or prepaid may not be reborrowed under this Agreement.
The Term Loan Commitment. Upon satisfaction or waiver of all terms and conditions precedent to borrowing (including absence of any Default) set forth herein, the Lender agrees to make the Term Loan to the Borrower on the Closing Date, in aggregate principal amount not to exceed the Term Loan Commitment. Any principal amount of the Term Loan which is repaid or prepaid may not be reborrowed. The Lender’s Term Loan Commitment shall terminate on the Closing Date and, thereafter, the Lender shall have no obligation whatsoever to make any Term Loan to the Borrower.
The Term Loan Commitment. On the terms and conditions set forth in the MLA, CoBank agrees to make an additional single advance loan to the Company in an amount whereby the total amount outstanding does not exceed $25,789,655.20 (the “Commitment”). The Commitment shall expire at 12:00 Noon (Company’s local time) on the date of closing, or on such later date as CoBank may, in its sole discretion, authorize in writing.
The Term Loan Commitment. On the terms and conditions set forth in the MLA, CoBank agrees to make a loan to the Company in an amount not to exceed $6,000,000.00 (the “Commitment”). The available Commitment shall be decreased by $1,200,000.00 on the 31st day of each December. The Commitment shall expire upon any advance being made hereunder (regardless of amount) or at 12:00 Noon (Company’s local time) on December 31, 2008, whichever occurs earlier, or on such later date as CoBank may, in its sole discretion, authorize in writing.
The Term Loan Commitment. Each Lender severally agrees to make a Term Loan to the Borrower on the Closing Date, but in no event in excess of the amount of such Lender's Term Loan Commitment. The aggregate principal amount of the Term Loans made on the Closing Date shall not exceed the Total Term Loan Commitment. Any principal amount of a Term Loan which is repaid or prepaid may not be reborrowed. Each Term Loan Commitment shall terminate on the Closing Date and, thereafter, the Lenders shall have no obligation whatsoever to make any Term Loan to the Borrower.
