INCENTIVE PRICING. The interest rate applicable to this VARIABLE RATE NOTE is subject to reduction after a date six months subsequent to the CONSTRUCTION LOAN TERMINATION DATE, as provided for in Section 2.15 of the AGREEMENT.
Appears in 6 contracts
Samples: Construction Loan Agreement (Cardinal Ethanol LLC), Construction Loan Agreement (One Earth Energy LLC), Construction Loan Agreement (Rex Stores Corp)
INCENTIVE PRICING. The interest rate applicable to this VARIABLE RATE LONG TERM REVOLVING NOTE is subject to reduction after a date six months subsequent to the CONSTRUCTION LOAN TERMINATION DATE, as provided for in Section 2.15 of the AGREEMENT.
Appears in 4 contracts
Samples: Construction Loan Agreement (One Earth Energy LLC), Construction Loan Agreement (Rex Stores Corp), Construction Loan Agreement (Highwater Ethanol LLC)
INCENTIVE PRICING. The interest rate applicable to this VARIABLE RATE NOTE promissory note is subject to reduction after a date six months subsequent to the CONSTRUCTION LOAN TERMINATION COMPLETION DATE, as provided for in Section 2.15 based on the business results of BORROWER. In the AGREEMENT.event that BORROWER maintains the following ratios, measured monthly, the interest rates will be reduced accordingly:
Appears in 1 contract
Samples: Construction Loan Agreement (Red Trail Energy, LLC)
