The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2), each Lender, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Loan” and collectively “Loans”) to the Borrower from time to time on a revolving basis in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth on Schedule 2 hereto (such amount, as reduced pursuant to Section 2.11(a), increased pursuant to Section 2.11(b) or Section 2.12, or changed as a result of one or more assignments under Section 11.8, its “Commitment” and, cumulatively for all the Lenders, the “Commitments”) before the Termination Date; provided that the aggregate amount of Loans at any time outstanding shall not exceed the Commitments in effect at such time. On the Termination Date the Commitments shall terminate. Each Borrowing of Loans shall be made ratably from the Lenders in proportion to their respective Percentages. As provided in Section 2.4(a) hereof, the Borrower may elect that each Borrowing of Loans be either Base Rate Loans or Eurodollar Loans. Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Loans shall mature and be due and payable on the Termination Date.
The Revolving Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a loan or loans to the Borrower from time to time on a revolving basis (individually a “Revolving Loan” and collectively “Revolving Loans”) in U.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth opposite the name of such Bank on Schedule 2.1 hereto (such amount, as reduced pursuant to Section 2.12(a) hereof, increased pursuant to Section 2.12(b) hereof, or changed as a result of one or more assignments under Section 11.10 hereof its “Commitment” and, cumulatively for all the Banks, the “Commitments”) before the Termination Date, provided that the sum of the aggregate amount of Loans (including Revolving Loans and Swing Line Loans) and of L/C Obligations at any time outstanding shall not exceed the Commitments in effect at such time. On the Termination Date the Commitments shall terminate. Each Borrowing of Revolving Loans shall be made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or Eurodollar Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving Loans shall mature and be due and payable on the Termination Date.
The Revolving Loan Commitment. Upon satisfaction or waiver of all terms and conditions precedent to borrowing (including, if applicable, absence of any Default) set forth herein, the Lender agrees, from time to time on any Business Day during the Revolving Commitment Period, to make revolving loans to the Borrower (the "Revolving Loans") in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $250,000,000 (the "Revolving Loan Commitment"). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in Dollars, as hereinafter provided, and shall be in the minimum aggregate principal amount of $10,000,000. On the Maturity Date, the Revolving Loan Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.
The Revolving Loan Commitment. Subject to the terms and conditions of this Agreement, Bank agrees to extend credit to Borrowers during the period from the date hereof until the Termination Date by (a) making Revolving Loans to Borrowers from time to time, and (b) issuing irrevocable standby and commercial letters of credit (said irrevocable standby and commercial letters of credit being referred to herein as the "Letters of Credit") for the account of Borrowers or either one of them; provided, however, that (1) at no time shall the sum of (i) the aggregate principal amount of Revolving Loans to Borrowers at such time outstanding, plus (ii) the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers at such time outstanding (said sum, at any time, being hereinafter referred to as the "Bank's Current Revolving Loan Commitment Exposure"), exceed the Borrowing Base Amount then in effect, and (2) at no time shall the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers (or for the account of either of them) at such time outstanding exceed the amount of $500,000.00. In the event, at any time, and from time to time, the Bank's Current Revolving Loan Commitment Exposure exceeds the Borrowing Base Amount then in effect, Borrowers shall immediately prepay the Revolving Loans by such an amount to cause the Bank's Current Revolving Loan Commitment Exposure to equal the Borrowing Base Amount (or, at the option of Bank, Borrowers may post cash collateral or other collateral acceptable to Bank in its sole discretion to secure such deficiency in the Borrowing Base Amount). Within the limits set forth herein, Borrowers may borrow from Bank hereunder, repay any and all such Revolving Loans as hereinafter provided and reborrow hereunder. Borrowers' obligation to repay the Revolving Loans made by Bank shall be evidenced by a master promissory note made by Borrowers as co-makers (the "Revolving Note") payable to the order of Bank in the principal sum of $7,500,000.00, dated the date of this Agreement, with a final maturity of December 27, 2003, and bearing interest at the Base Rate plus the Applicable Margin from time to time in effect. The Borrowers shall be solidarily liable for all Revolving Loans, Letters of Credit (and reimbursement obligations arising thereunder) and other obligations to Bank arising pursuant to this Agreement or the Revolving Note.
The Revolving Loan Commitment. Subject to the terms and conditions of this Agreement, the Bank agrees to extend credit to the Borrower during the period from the date hereof until the Termination Date (a) by making Revolving Loans to the Borrower from time to time, and (b) by the Bank issuing irrevocable standby and commercial letters of credit (said irrevocable standby and commercial letters of credit being referred to herein as the "Credits") for the account of the Borrower from time to time; provided, however, that at no time shall the sum of (1) the aggregate principal amount of Revolving Loans to the Borrower at such time outstanding, plus (2) the aggregate unfunded amount of Credits issued for the account of the Borrower at such time outstanding, exceed the Borrowing Base Amount then in effect. In the event, at any time, and from time to time, the sum of all outstanding Revolving Loans and Credits issued and outstanding to the Borrower exceeds the Borrowing Base Amount then in effect, the Borrower shall prepay the Revolving Loans by such an amount to cause the sum of the Revolving Loans and Credits outstanding to the Borrower to equal the Borrowing Base Amount (or, at the option of the Bank, the Borrower may post cash collateral to secure such deficiency in the Borrowing Base Amount).
The Revolving Loan Commitment. On the terms and subject to the conditions of this Credit Agreement, the Lender agrees, from time to time on any Business Day during the period commencing on the Closing Date up to but excluding the Revolving Credit Termination Date, to make revolving loans (the “Revolving Loans”) to the Borrower in an aggregate principal amount not to exceed $50,000,000 at any time outstanding (the “Revolving Loan Commitment”). The Revolving Loan Commitment shall be subject to extension, reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.5 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Each Revolving Loan shall be denominated in Dollars and shall be in a principal amount equal to $100,000 or an integral multiple of $100,000 in excess thereof. On the Revolving Credit Termination Date the Revolving Loan Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.
The Revolving Loan Commitment. On the terms and conditions set forth in the MLA and this Fifth Supplement, CoBank agrees to make one or more advances (collectively, the “Revolving Loan”) to the Borrower during the Availability Period (as hereinafter defined in Section 4 of this Fifth Supplement) in an aggregate principal amount outstanding at any one time not to exceed $10,000,000 (the “Revolving Loan Commitment” or the “Commitment”), as the Revolving Loan Commitment shall be reduced pursuant to Section 7 of this Fifth Supplement and Section 4 of the MLA. The Revolving Loan Commitment shall expire at 12:00 noon Mountain time on July 31, 2023, or such later date as CoBank in its sole discretion shall provide in writing (the “Maturity Date”). Under the Revolving Loan Commitment, amounts borrowed and later prepaid may be reborrowed.
The Revolving Loan Commitment. On the terms and subject to the conditions hereof, the Bank agrees to make available to the Borrower revolving loans (each a “Revolving Loan” and collectively the “Revolving Loans”) on a revolving basis at any time and from time to time from the Effective Date to the Termination Date, during which period the Borrower may borrow, repay, and reborrow in accordance with the provisions hereof, provided, that no Revolving Loan will be made in any amount that, after giving effect thereto, would cause the Total Revolving Outstandings to exceed the Revolving Commitment Amount.
The Revolving Loan Commitment. On the terms and subject to the conditions of this Credit Agreement, the Lender agrees, from time to time on any Business Day during the period commencing on the date hereof up to but excluding the Revolving Credit Termination Date, to make revolving loans consisting of either LIBOR Rate Loans or Cost of Funds Loans to the Borrower (the “Revolving Loans”) in amounts, which together with all outstanding Revolving Loans, will not exceed in the aggregate the principal amount of $25,000,000 (Twenty-Five Million Dollars) (the “Revolving Loan Commitment”). The Revolving Loan Commitment shall be subject to reduction and/or termination as herein provided (including, without limitation, pursuant to Sections 2.6 and 6.2 hereof). On the terms and subject to the conditions hereof, the Borrower may from time to time borrow, prepay, and re-borrow the Revolving Loans. Any such borrowing may be denominated in Dollars, as hereinafter provided, and shall be in the aggregate principal amount of One Hundred Thousand Dollars ($100,000) or any whole multiple thereof in excess of One Hundred Thousand Dollars ($100,000). On the Revolving Credit Termination Date the Revolving Loan Commitment shall terminate and the Lender shall have no obligation whatsoever to make any further Revolving Loans to the Borrower.
The Revolving Loan Commitment. Subject to the terms and conditions of this Agreement, the Bank agrees (a) to extend credit to the Borrower during the period from the date hereof until the Facility A Termination Date, by making Revolving Loans under Facility A to the Borrower from time to time, provided, however, that at no time shall the sum of the aggregate principal amount of such Revolving Loans to the Borrower made under Facility A at such time outstanding exceed the Facility A Borrowing Base Amount then in effect, and (b) to extend credit to the Borrower during the period from the date hereof until the Facility B Termination Date, by making Revolving Loans under Facility B to the Borrower from time to time, provided, however, that at no time shall the aggregate principal amount of such Revolving Loans made under Facility B exceed $1,500,000.00.
