Common use of Revolving Line of Credit Loan Clause in Contracts

Revolving Line of Credit Loan. On the terms and conditions set forth in this Agreement, the Banks agree to make one or more Revolving Line of Credit Advances to the Borrower on a revolving basis, during the period beginning on March 31, 2010, and ending on the Business Day immediately preceding the Revolving Line of Credit Maturity Date (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed Thirteen Million Two Hundred Fourteen Thousand Three Hundred and No/100 Dollars ($13,214,300.00); provided, however, that at no time shall the Outstanding Revolving Advances exceed the Borrowing Base. The Revolving Line of Credit Loan shall mature and be due and payable in full at 12:00 P.M. (Minneapolis, Minnesota time) on the Revolving Line of Credit Maturity Date. Subject to Section 2.05(h), Revolving Line of Credit Advances borrowed and repaid or prepaid may be reborrowed at any time prior to the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Southwest Iowa Renewable Energy, LLC)

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Revolving Line of Credit Loan. On Subject to the terms and conditions set forth in this Agreement, the Banks agree to make one or more Revolving Line of Credit Advances to the Borrower GPO on a revolving basis, during the period beginning on March 31, 2010, the Closing Date and ending on the Business Day immediately preceding the Revolving Line of Credit Loan Maturity Date (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed Thirteen Five Million Two Hundred Fourteen Thousand Three Hundred and No/100 Dollars ($13,214,300.005,000,000.00); provided, however, that at no time shall the Outstanding Revolving Advances exceed the Borrowing Base. The Revolving Line of Credit Loan shall mature and be due and payable in full at 12:00 P.M. (Minneapolis, Minnesota time) on the Revolving Line of Credit Maturity Date. The Revolving Line of Credit Loan shall automatically renew for a period not to exceed 364 days from the Revolving Line of Credit Loan Maturity Date, provided, however, that no Event of Default has occurred. Subject to Section 2.05(h2.04(h), Revolving Line of Credit Advances borrowed and repaid or prepaid may be reborrowed at any time prior to the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)

Revolving Line of Credit Loan. On Subject to the terms and conditions set forth in this Agreement, the Banks agree to make one or more Revolving Line of Credit Advances to the Borrower on a revolving basis, during the period beginning on March 31, 2010, the Closing Date and ending on the Business Day immediately preceding the Revolving Line of Credit Maturity Date (the "Revolving Line of Credit Loan Termination Date"), in an aggregate principal amount outstanding at any one time not to exceed Thirteen Five Million Two Hundred Fourteen Thousand Three Hundred and No/100 Dollars ($13,214,300.005,000,000.00) (the "Revolving Line of Credit Commitment"); provided, however, that at no time shall the Outstanding Revolving Advances exceed the Borrowing Base. The Revolving Line of Credit Loan shall mature and be due and payable in full at 12:00 P.M. (Minneapolis, Minnesota time) on the February 26, 2015 (the "Revolving Line of Credit Maturity Date"). Subject to Section 2.05(h2.04(j), Revolving Line of Credit Advances borrowed and repaid or prepaid may be reborrowed at any time prior to the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Highwater Ethanol LLC)

Revolving Line of Credit Loan. On Subject to the terms and conditions set forth in this Agreement, the Banks agree to make one or more Revolving Line of Credit Advances to the Borrower GPCC on a revolving basis, during the period beginning on March 31, 2010, the Closing Date and ending on the Business Day immediately preceding the Revolving Line of Credit Loan Maturity Date (the “Revolving Line of Credit Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed Thirteen Eleven Million Two Hundred Fourteen Thousand Three Hundred and No/100 Dollars ($13,214,300.0011,000,000.00); provided, however, that at no time shall the Outstanding Revolving Advances exceed the Borrowing Base. The Revolving Line of Credit Loan shall mature and be due and payable in full at 12:00 P.M. (Minneapolis, Minnesota time) on the Revolving Line of Credit Maturity Date. The Revolving Line of Credit Loan shall automatically renew for a period not to exceed 364 days from the Revolving Line of Credit Loan Maturity Date, provided, however, that no Event of Default has occurred. Subject to Section 2.05(h2.04(h), Revolving Line of Credit Advances borrowed and repaid or prepaid may be reborrowed at any time prior to the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)

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Revolving Line of Credit Loan. On Subject to the terms and conditions set forth in this Agreement, the Banks agree to make one or more Revolving Line of Credit Advances to the Borrower on a revolving basis, during the period beginning on March 31, 2010, the Closing Date and ending on the Business Day immediately preceding the Revolving Line of Credit Maturity Date (the “Revolving Line of Credit Loan Termination Date”), in an aggregate principal amount outstanding at any one time not to exceed Thirteen Five Million Two Hundred Fourteen Thousand Three Hundred and No/100 Dollars ($13,214,300.005,000,000.00) (the “Revolving Line of Credit Commitment”); provided, however, that at no time shall the Outstanding Revolving Advances exceed the Borrowing Base. The Revolving Line of Credit Loan shall mature and be due and payable in full at 12:00 P.M. (Minneapolis, Minnesota time) on the 364th day after the Closing Date (the “Revolving Line of Credit Maturity Date”). Subject to Section 2.05(h2.04(j), Revolving Line of Credit Advances borrowed and repaid or prepaid may be reborrowed at any time prior to the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Highwater Ethanol LLC)

Revolving Line of Credit Loan. On the terms and conditions set forth in this Agreement, the Banks agree to make one or more Revolving Line of Credit Advances to the Borrower on a revolving basis, during the period beginning on March 31, 2010, term of the Revolving Line of Credit Loan and ending on the Business Day immediately preceding the Revolving Line of Credit Maturity Date (the "Revolving Line of Credit Termination Date"), in an aggregate principal amount outstanding at any one time not to exceed Thirteen Eleven Million Two Four Hundred Fourteen Twenty-eight Thousand Three Six Hundred and No/100 Dollars ($13,214,300.0011,428,600.00); provided, however, that at no time shall the Outstanding Revolving Advances exceed the Borrowing Base. The Revolving Line of Credit Loan shall mature and be due and payable in full at 12:00 P.M. (Minneapolis, Minnesota time) on the Revolving Line of Credit Maturity Date. Subject to Section 2.05(h), Revolving Line of Credit Advances borrowed and repaid or prepaid may be reborrowed at any time prior to the Revolving Line of Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Southwest Iowa Renewable Energy, LLC)

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