The Term Loan Commitment. As of the date hereof, CoBank’s obligation to extend credit to the Company has expired and the unpaid principal balance of the loans is $20,000,000.00 (the “Commitment”).
The Term Loan Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each a “Loan”) to the Company from time to time during the period set forth below in an aggregate principal amount not to exceed $1,000,000 at any one time outstanding (the “Commitment”). Within the limits and during the term of the Commitment, the Company may borrow, repay and reborrow.
The Term Loan Commitment. As of the date hereof, Farm Credit’s obligation to extend credit to the Company has expired and the unpaid principal balance of the loans is $15,740,000.00 (the “Commitment”).
The Term Loan Commitment. Subject to and upon the terms and conditions set forth herein, each Lender with a Term Loan Commitment agrees to make a term loan (the “Term Loan”) to the Borrower, which Term Loan (i) shall be incurred pursuant to a single drawing on NYDOCS02/1076196.5 20 the Closing Date, (ii) shall be denominated in Dollars, (iii) except as hereinafter provided, shall, at the option of the Borrower, be incurred and maintained as, and/or converted into, a Base Rate Loan or a LIBOR Loan, provided that except as otherwise specifically provided in Section 2.11(b), the Term Loan shall at all times be of a single Type, and (iv) shall be made by each such Lender in that aggregate principal amount which does not exceed the Term Loan Commitment of such Lender on the Closing Date. Once repaid, the Term Loan incurred hereunder may not be reborrowed.
The Term Loan Commitment. On the terms and subject to the conditions contained in this Agreement, the Lender agrees to make available to the Borrower from time to time during the period from the Closing Date to the Commitment Termination Date each term loan (each, a "Term Loan" and collectively, the "Term Loans"), requested by the Borrower in accordance with Section 2.
The Term Loan Commitment. On the terms and subject to the conditions hereof, the Lender agrees to make a term loan to the Borrower on the Closing Date in an amount equal to the Term Loan Commitment Amount.
The Term Loan Commitment. Subject to the terms and conditions of this Agreement and provided no Default or Event of Default has occurred and is continuing, the Lender agrees from time to time during the period from the Closing Date to, but not including, the Term Loan Commitment Termination Date, to make Term Loan Advances to the Company, provided the total aggregate principal amount outstanding at any one time of all such Term Loan Advances shall not exceed the Term Loan Commitment Amount. The obligation of the Lender to make Term Loan Advances hereunder up to the Term Loan Commitment Amount is hereinafter referred to as the "Term Loan Commitment." All Term Loan Advances under this Agreement shall constitute a single indebtedness, and all of the Collateral shall be security for the Term Loan Promissory Note and for the performance of all the Obligations.
The Term Loan Commitment. As of the date hereof, CoBank’s obligation to make advances under the Loan has expired and the unpaid principal balance of the Loan is $37,301,818.50.
The Term Loan Commitment. Upon satisfaction or waiver of all terms and conditions precedent to borrowing (including absence of any Default) set forth herein, the Lender agrees to make Term Loans to the Borrower from time to time during the Commitment Period in aggregate principal amount not to exceed the Term Loan Commitment. Any principal amount of a Term Loan which is repaid or prepaid may not be reborrowed. The Lender's Term Loan Commitment shall terminate on the Maturity Date and, thereafter, the Lender shall have no obligation whatsoever to make any Term Loans to the Borrower.
The Term Loan Commitment. Subject to the terms and conditions of this Agreement and provided no Default or Event of Default has occurred and is continuing, the Lender agrees, on the Closing Date, to make a Term Loan Advance to the Borrowers in an amount equal to the outstanding balance of the loans made pursuant to the Existing Term Loan Agreement, but not to exceed the Term Loan Commitment Amount. The obligation of the Lender to make the Term Loan Advance hereunder is hereinafter referred to as the "Term Loan Commitment." On the Closing Date, the Lender shall, without further request by the Borrowers, make the Term Loan Advance and apply it to repay all outstanding loans made pursuant to the Existing Term Loan Agreement. The Term Loan Advance shall constitute a single indebtedness, and all of the Collateral shall be security for the Term Loan Promissory Note and for the performance of all the Obligations. The Term Loan Advance shall be made jointly to Washington and Huntxxx, and Washington and Huntxxx, xxintly and severally, shall be obligated to repay the Term Loan Advance. With respect to its obligation to repay the Term Loan Advance, in the event the Term Loan Advance or any portion thereof is deemed to be made to either Borrower (rather than jointly to both Borrowers), the other Borrower agrees to the terms set forth in Exhibit L attached hereto and made a part hereof.
