Construction Loan Exceeds Term Loan. In the event that the amount of the Construction Loan advanced by Lender exceeds the amount of the term loan to be made by the Lender, the Borrower shall immediately repay the amount of the Construction Loan which is not being converted into a term loan;
Appears in 3 contracts
Samples: Master Loan Agreement (US BioEnergy CORP), Master Loan Agreement (Heron Lake BioEnergy, LLC), Master Loan Agreement (US BioEnergy CORP)
Construction Loan Exceeds Term Loan. In the event that the amount of the Construction Loan advanced by Lender exceeds the amount of the term loan maximum Term Loan to be made by the Lender, including after conversion of those portions of the Construction Loan which are eligible for conversion into the Term Revolving Loan pursuant to the MLA and any applicable additional supplement, the Borrower shall immediately repay the amount of the Construction Loan which is not being converted into a term loanTerm Loan;
Appears in 1 contract
Samples: Master Loan Agreement (Otter Tail Ag Enterprises, LLC)
Construction Loan Exceeds Term Loan. In the event that the amount of the Construction Loan advanced by Lender exceeds the amount of the term loan maximum Term Loan to be made by the Lender, including after conversion of those portions of the Construction Loan which are eligible for conversion into the Term Revolving Loan pursuant to the MLA and any applicable additional Supplement, Borrower shall immediately repay the amount of the Construction Loan which is not being converted into a term loanTerm Loan;
Appears in 1 contract
Samples: Master Loan Agreement (Homeland Energy Solutions LLC)
Construction Loan Exceeds Term Loan. In the event that the amount of the Construction Loan advanced by Lender exceeds the maximum amount of the term loan Term Loan to be made by the Lender, including after conversion of those portions of the Construction Loan which are eligible for conversion into the Term Revolving Loan pursuant to the MLA and any applicable additional supplement, the Borrower shall immediately repay the amount of the Construction Loan which is not being converted into a term loanTerm Loan and the Term Revolving Loan;
Appears in 1 contract
Samples: Master Loan Agreement (Green Plains Renewable Energy, Inc.)
Construction Loan Exceeds Term Loan. In the event that the amount of the Construction Loan advanced by Lender exceeds the amount of the term loan Term Loan to be made by the Lender, including as a result of the appraisal required above, the Borrower shall immediately repay the amount of the Construction Loan which is not being converted into a term loan;Term Loan; and
Appears in 1 contract
Samples: Construction and Revolving Loan Agreement (United Wisconsin Grain Producers LLC)
Construction Loan Exceeds Term Loan. In the event that the amount of the Construction Loan advanced by Lender exceeds the maximum amount of the term loan Term Loan to be made by the Lender, including after conversion of those portions of the Construction Loan which are eligible for conversion into the Term Revolving Loan pursuant to the MLA and any applicable additional supplement, the Borrower shall immediately repay the amount of the Construction Loan which is not being converted into a term loanTerm Loan;
Appears in 1 contract
