REVOLVING TERM COMMITMENT. On the terms and conditions set forth in the Credit Agreement and this Promissory Note, Lender agrees to make loans to the Borrower during the period set forth below in an aggregate principal amount not to exceed the Maximum Commitment Amount set forth below at any one time outstanding (the “Commitment”). The Maximum Commitment Amount will be $18,000,000.00 initially and will reduce during the term of the Commitment as follows. Within the limits of the Commitment, the Borrower may borrow, repay and re-borrow. Maximum Commitment Amount From Up to and Including $14,400,000.00 July 1, 2019 June 30, 2020 $10,800,000.00 July 1, 2020 June 30, 2021 $7,200,000.00 July 1, 2021 July 1, 2022
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Lincolnway Energy, LLC)
REVOLVING TERM COMMITMENT. On the terms and conditions set forth in the Credit Agreement and this Promissory Note, Lender agrees to make loans to the Borrower during the period set forth below in an aggregate principal amount not to exceed the Maximum Commitment Amount set forth below at any one time outstanding (the “Commitment”). The Maximum Commitment Amount will be $18,000,000.00 25,000,000.00 initially and will reduce during the term of the Commitment as follows. Within the limits of the Commitment, the Borrower may borrow, repay and re-borrow. Maximum Commitment Amount From Up to and Including $14,400,000.00 July 1, 2019 June 3020,000,000.00 October 20, 2020 $10,800,000.00 July 1, 2020 June 30October 19, 2021 $7,200,000.00 July 15,000,000.00 October 20, 2021 October 19, 2022 $10,000,000.00 October 20, 2022 October 19, 2023 $5,000,000.00 October 20, 2023 October 1, 2021 July 1, 20222024
Appears in 1 contract
Samples: Lincolnway Energy, LLC
REVOLVING TERM COMMITMENT. On the terms and conditions set forth in the Credit Agreement and this Promissory Note, Lender agrees to make loans to the Borrower during the period set forth below in an aggregate principal amount not to exceed the Maximum Commitment Amount set forth below at any one time outstanding (the “"Commitment”"). The Maximum Commitment Amount will be $18,000,000.00 21,000,000.00 initially and will reduce during the term of the Commitment as follows. Within the limits of the Commitment, the Borrower may borrow, repay and re-borrow. Maximum Commitment Amount From Up to and Including $14,400,000.00 July 1, 2019 June 30, 2020 $10,800,000.00 17,400,000.00 July 1, 2020 June 30, 2021 $7,200,000.00 13,800,000.00 July 1, 2021 June 30, 2022 $10,200,000.00 July 1, 20222022 June 30, 2023 $6,600,000.00 July 1, 2023 July 1, 2024
Appears in 1 contract
Samples: Lincolnway Energy, LLC
REVOLVING TERM COMMITMENT. On the terms and conditions set forth in the Credit Agreement and this Promissory Note, Lender agrees to make loans to the Borrower during the period set forth below in an aggregate principal amount not to exceed the Maximum Commitment Amount set forth below at any one time outstanding (the “Commitment”). The Maximum Commitment Amount will be $18,000,000.00 21,000,000.00 initially and will reduce during the term of the Commitment as follows. Within the limits of the Commitment, the Borrower may borrow, repay and re-borrow. Maximum Commitment Amount From Up to and Including $14,400,000.00 17,400,000.00 July 1, 2019 June 30, 2020 $10,800,000.00 13,800,000.00 July 1, 2020 June 30, 2021 $7,200,000.00 10,200,000.00 July 1, 2021 June 30, 2022 $6,600,000.00 July 1, 20222022 June 30, 2023 $3,000,000.00 July 1, 2023 July 1, 2024
Appears in 1 contract
Samples: Lincolnway Energy, LLC