Common use of Revolving Line of Credit Loan Clause in Contracts

Revolving Line of Credit Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreement, the Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender, as of the Effective Date and from time to time thereafter, on a revolving basis an amount not to exceed $2,350,000.00. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the Second Supplement to this Agreement. Pursuant to the terms and conditions in this Agreement, the Lender may extend additional Revolving Loans to the Borrower. Any such future Revolving Loans shall be provided by Lender pursuant to the terms and conditions of a future term Revolving Loan Supplement.

Appears in 3 contracts

Samples: Master Loan Agreement, Master Loan Agreement (Renewable Energy Group, Inc.), Master Loan Agreement (Renewable Energy Group, Inc.)

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Revolving Line of Credit Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreementherein, the Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender, as of the Effective Date April 1, 2008, and from time to time thereafter, thereafter on a revolving basis basis, an amount not to exceed $2,350,000.004,000,000.00. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the Second Amended and Restated Third Supplement to this Agreementdated April 1, 2008. Pursuant to the terms and conditions in this Agreement, the Lender may extend additional Revolving Loans to the Borrower. Any such future Revolving Loans shall be provided by Lender pursuant to the terms and conditions of a future term Revolving Loan Supplement.

Appears in 1 contract

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

Revolving Line of Credit Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreement, the Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender, as of the Effective Conversion Date and from time to time thereafter, on a revolving basis an amount not to exceed $2,350,000.006,000,000.00. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the Second Supplement to this AgreementThird Supplement. Pursuant to the terms and conditions in this Agreement, the Lender may extend additional Revolving Loans to the Borrower. Any such future Revolving Loans shall be provided by Lender pursuant to the terms and conditions of a future term Revolving Loan revolving loan Supplement.

Appears in 1 contract

Samples: Master Loan Agreement (Homeland Energy Solutions LLC)

Revolving Line of Credit Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreement, the Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender, as of the Effective Conversion Date and from time to time thereafter, on a revolving basis an amount not to exceed $2,350,000.004,000,000.00. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the Second Third Supplement to this Agreement. Pursuant to the terms and conditions in this Agreement, the Lender may extend additional Revolving Loans to the Borrower. Any such future Revolving Loans shall be provided by Lender pursuant to the terms and conditions of a future term Revolving Loan Supplement.

Appears in 1 contract

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

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Revolving Line of Credit Loan. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreement, the Lender has agreed agreed, as of the Closing Date, to lend to Borrower and Borrower has agreed to borrow from Lender, as of the Effective Date and Lender from time to time thereafter, on a revolving basis an amount not to exceed $2,350,000.007,500,000.00. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the Second Supplement to this Agreement. Pursuant to the terms and conditions in this Agreement, the Lender may extend additional Revolving Loans to the Borrower. Any such future Revolving Loans shall be provided by Lender pursuant to the terms and conditions of a future term Revolving Loan Supplement.

Appears in 1 contract

Samples: Master Loan Agreement (Heron Lake BioEnergy, LLC)

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