Common use of Credit Facility C Clause in Contracts

Credit Facility C. Lender agrees to advance sums to Borrower up to the amount of $3,000,000.00 (Maximum Principal Balance) becoming available November 1, 2007 until November 1, 2008 (Final Advancement Date). Each Advance made will reduce the funds available for future advances by the amount of the Advance. Repayments of principal will be available for subsequent Advances. The proceeds of said Loan will be used by Borrower for the financing of eligible grain inventory, receivables and margin account equity (Purpose) and Borrower agrees not to request or use such proceeds for any other purpose.

Appears in 1 contract

Samples: Credit Agreement (E Energy Adams LLC)

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Credit Facility C. Lender agrees to advance sums to Borrower up to the amount of $3,000,000.00 10,000,000.00 (Maximum Principal Balance) becoming available November ), until April 1, 2007 until November 1, 2008 2009 (Final Advancement Date). Each Advance made will reduce the funds available for future advances by the amount of the Advance. Repayments of principal will be available for subsequent Advances. The proceeds of said Loan will be used by Borrower for the financing of eligible grain inventoryinventory and receivables, receivables and margin account equity commodity hedging activity (Purpose) and Borrower agrees not to request or use such proceeds for any other purpose.

Appears in 1 contract

Samples: Credit Agreement (E Energy Adams LLC)

Credit Facility C. Lender agrees to advance sums to Borrower up to the amount of $3,000,000.00 10,000,000.00 (Maximum Principal Balance) becoming available November 1), 2007 until November February 1, 2008 (Final Advancement Date). Each Advance made will reduce the funds available for future advances by the amount of the Advance. Repayments of principal will be available for subsequent Advances. The proceeds of said Loan will be used by Borrower for the financing of eligible grain inventoryinventory and receivables, receivables and margin account equity commodity hedging activity (Purpose) and Borrower agrees not to request or use such proceeds for any other purpose.

Appears in 1 contract

Samples: Credit Agreement (E Energy Adams LLC)

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Credit Facility C. (138039-101). Lender agrees to advance sums to Borrower up to the amount of $3,000,000.00 3,500,000.00 (Maximum Principal Balance) becoming available until November 1, 2007 until November 1, 2008 (Final Advancement Date). Each Advance made will reduce the funds available for future advances by the amount of the Advance. Repayments of principal will be available for subsequent Advances. The proceeds of said Loan will be used by Borrower for the financing of eligible grain grain, ethanol, inventory, receivables receivables, grain hedging activity and margin account equity letters of credit (Purpose) and Borrower agrees not to request or use such proceeds for any other purpose.

Appears in 1 contract

Samples: Credit Agreement (Siouxland Ethanol, LLC)

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