Common Contracts
2 similar null contracts by Southwest Iowa Renewable Energy, LLC
ContractSouthwest Iowa Renewable Energy, LLC • June 23rd, 2010 • Industrial organic chemicals
SUBORDINATED TERM LOAN NOTESouthwest Iowa Renewable Energy, LLC • September 3rd, 2009 • 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.
