Common Contracts

3 similar Subordinated Term Loan Note contracts by Southwest Iowa Renewable Energy, LLC

SUBORDINATED TERM LOAN NOTE
Subordinated Term Loan Note • June 30th, 2014 • Southwest Iowa Renewable Energy, LLC • Industrial organic chemicals

FOR VALUE RECEIVED, the undersigned, SOUTHWEST IOWA RENEWABLE ENERGY, LLC, an Iowa limited liability company (the “Borrower”), hereby promises to pay to the order of BUNGE NORTH AMERICA, INC., a New York corporation (the “Lender”), the principal sum of Nineteen Million Five Hundred Seventeen Thousand One Hundred and Thirty-Six and 99/100ths Dollars ($19,517,136.99) (plus any PIK Interest which is capitalized and added to the outstanding principal balance of this Note) on July 1, 2023. The Borrower hereby covenants and agrees to pay to the Lender as a mandatory prepayment on this Note, within three (3) Business Days’ after receipt thereof, its Pro-Rata Share (as defined in that certain Intercreditor Agreement by and between Lender and ICM INVESTMENTS, LLC and dated as of the date hereof) (excluding any such securities evidencing senior indebtedness (meaning indebtedness which the payment of this Note is contractually subordinated to), trade payables incurred in the ordinary course of bu

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Contract
Subordinated Term Loan Note • June 23rd, 2010 • Southwest Iowa Renewable Energy, LLC • Industrial organic chemicals
SUBORDINATED TERM LOAN NOTE
Subordinated Term Loan Note • September 3rd, 2009 • Southwest Iowa Renewable Energy, LLC • Industrial organic chemicals

FOR VALUE RECEIVED, the undersigned, SOUTHWEST IOWA RENEWABLE ENERGY, LLC, an Iowa limited liability company (the “Borrower”), hereby promises to pay to the order of BUNGE N.A. HOLDINGS, INC., a Delaware corporation (the “Lender”), the principal sum of Twenty-Seven Million One Hundred Six Thousand Seventy-Eight and 55/100ths Dollars ($27,106,078.55) (plus any PIK Interest which is capitalized and added to the outstanding principal balance of this Note) on August 31, 2014. The Borrower hereby covenants and agrees to pay to the Lender as a mandatory prepayment on this Note, within three (3) Business Days’ after receipt thereof, Seventy-Six Percent (76%) of the net cash proceeds received by the Borrower from each sale or other issuance of any membership interests or other equity interests in the Borrower after the date of this Note. Amounts repaid or prepaid under this Note may not be reborrowed.

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