Common use of The Construction and Term Loan Commitment Clause in Contracts

The Construction and Term Loan Commitment. On the terms and conditions set forth in the MLA and this Supplement, Farm Credit agrees to make construction loans to the Company from time to time during the period set forth below in an aggregate principal amount not to exceed, at any one time outstanding, $30,000,000.00 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed. No advance shall be made until evidence has been provided to the Agent (as that term is defmed in the MLA) as required in Section 7(A)(viii) of the MLA that all requisite equity funds have been received by the Company and that such funds shall have been utilized for the construction of the Improvements (as defmed herein).

Appears in 1 contract

Samples: Construction and Term Loan Supplement (Green Plains Renewable Energy, Inc.)

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The Construction and Term Loan Commitment. On the terms and conditions set forth in the MLA and this Supplement, Farm Credit agrees to make construction loans to the Company from time to time during the period set forth below in an aggregate principal amount not to exceed, at any one time outstanding, $30,000,000.00 40,000,000.00 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed. No advance shall be made until evidence has been provided to the Agent (as that term is defmed defined in the MLA) as required in Section 7(A)(viii) of the MLA that all requisite equity funds have been received by the Company and that such funds shall have been utilized for the construction of the Improvements (as defmed defined herein).

Appears in 1 contract

Samples: Construction and Term Loan Supplement (Green Plains Renewable Energy, Inc.)

The Construction and Term Loan Commitment. On the terms and conditions set forth in the MLA and this Supplement, Farm Credit agrees to make construction loans to the Company from time to time during the period set forth below in an aggregate principal amount not to exceed, at any one time outstanding, $30,000,000.00 24,500,000.00 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed. No advance shall be made until evidence has been provided to the Agent (as that term is defmed defined in the MLA) as required in Section 7(A)(viii7(A)(vi) of the MLA that all requisite equity funds have been received by the Company and that such funds shall have been utilized for the construction of the Improvements (as defmed defined herein).

Appears in 1 contract

Samples: Construction and Term Loan Supplement (East Fork Biodiesel, LLC)

The Construction and Term Loan Commitment. On the terms and conditions set forth in the MLA and this Supplement, Farm Credit agrees to make construction loans to the Company from time to time during the period set forth below in an aggregate principal amount not to exceed, at any one time outstanding, $30,000,000.00 6,500,000.00 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed. No advance shall be made until evidence has been provided to the Agent (as that term is defmed defined in the MLA) as required in Section 7(A)(viii7(A)(vii) of the MLA that all requisite equity funds have been received by the Company and that such funds shall have been utilized for the construction of the Improvements (as defmed defined herein).

Appears in 1 contract

Samples: Construction and Term Loan Supplement (Advanced BioEnergy, LLC)

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The Construction and Term Loan Commitment. On the terms and conditions set forth in the MLA and this Supplement, Farm Credit agrees to make construction loans to the Company from time to time during the period set forth below in an aggregate principal amount not to exceed, at any one time outstanding, $30,000,000.00 60,000,000.00 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed. No advance shall be made until evidence has been provided to the Agent (as that term is defmed defined in the MLA) as required in Section 7(A)(viii7(A)(vi) of the MLA that all requisite equity funds have been received by the Company and that such funds shall have been utilized for the construction of the Improvements (as defmed defined herein).

Appears in 1 contract

Samples: Construction and Term Loan Supplement (Green Plains Renewable Energy, Inc.)

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