Term Revolving Note definition

Term Revolving Note means that certain promissory note to be executed and delivered to the Lender by the Borrower on the Conversion Date pursuant to the terms and conditions provided for in this Agreement and the Second Supplement to this Agreement.

Term Revolving Note means that certain Second Amended and Restated Term Revolving Note in the original principal amount of $50,000,000.00, dated on or about November 6, 2020, evidencing the Term Revolving Loan, as the same may be amended, restated or otherwise modified, extended or replaced.

Term Revolving Note means that certain Term Revolving Note dated February 27, 2007, executed and delivered to the Lender by the Borrower in the amount of $20,000,000.00, as the same has been and may hereafter be amended or otherwise modified.

Examples of Term Revolving Note in a sentence

• Anything in the MLA, this Second Supplement, or the other Loan Documents to the contrary notwithstanding, Borrower shall not be required to pay unearned interest on the Term Revolving Note or any of the Loan Obligations, or ever be required to pay interest on the Term Revolving Note or any of the Loan Obligations at a rate in excess of the Maximum Rate, if any.

• HLBE is indebted to AgStar under an Amended and Restated Term Note dated September 1, 2011, in the principal amount of $40,000,000.00 (“Note 1”), and an Amended and Restated Term Revolving Note dated September 1, 2011, in the principal amount of $8,008,689.00 (“Note 2,” and together with Note 1, the “Notes”).

• The computation of interest, amortization, maturity and other terms and conditions of the Term Revolving Loan shall be as provided in the Term Revolving Note, provided, however, in no event shall the applicable rate exceed the maximum nonusurious interest rate, if any, that at any time, or from time to time, may be contracted for, taken, reserved, charged, or received under applicable state or federal laws (the “Maximum Rate”).

• In addition to all other amounts payable to Lender under the MLA, this Second Supplement and the Term Revolving Note, the Borrower agrees to pay to the Lender an unused commitment fee on the average daily unused portion of the Term Revolving Loan Commitment from the Closing Date until the Maturity Date at the rate of thirty (30) basis points on a per annum basis, payable quarterly in arrears on each Quarterly Payment Date during the term of the Term Revolving Loan Commitment and on the Maturity Date.

• If the effective rate of interest which would otherwise be payable under the MLA, this Second Supplement, the Term Revolving Note, or any of the other Loan Documents would exceed the Maximum Rate, if any, then the rate of interest which would otherwise be contracted for, charged, or received under the MLA, this Second Supplement, the Term Revolving Note, or any of the other Loan Documents shall be reduced to the Maximum Rate, if any.

More Definitions of Term Revolving Note

Term Revolving Note means a promissory note in form and substance satisfactory to the Agent executed by the Borrowers pursuant to the terms and conditions of this Agreement.

Term Revolving Note means that certain Second Amended and Restated Term Revolving Note of even date herewith, evidencing the Term Revolving Loan, as the same may be amended, restated or otherwise modified, supplemented, extended or restated from time to time.

Term Revolving Note means that Second Amended and Restated Term Revolving Note of even date herewith, in the amount of $20,500,000.00 pursuant to the terms and conditions provided for herein.

Term Revolving Note means that certain promissory note of even date herewith executed and delivered to the Lender by the Borrower in the amount of $5,000,000.00 and pursuant to the terms and conditions provided for in this Agreement and the Fourth Supplement to this Agreement.

Term Revolving Note has the meaning specified in Section 2.01(c).

Term Revolving Note means one or more promissory notes in form and substance satisfactory to the Agent executed by the Borrower pursuant to the terms and conditions of this Agreement, evidencing the Term Revolving Loan. GP:4272375 vl

Term Revolving Note means that certain promissory note dated October 1, 2007, in the amount of $5,000,000.00 pursuant to the terms and conditions provided for in this Fourth Supplement and the MLA.