Common use of BANK EQUITY INTERESTS Clause in Contracts

BANK EQUITY INTERESTS. (i) Each of Seller and Servicer agrees to purchase such equity interests in CoBank ("Bank Equity Interests") as CoBank may from time to time require in accordance with its bylaws and capital plans as applicable to cooperative borrowers generally. In connection with the foregoing, each of Seller and Servicer hereby acknowledges receipt, prior to the execution of this Agreement, of the following with respect to CoBank:

BANK EQUITY INTERESTS. (i) Each of Seller and Servicer agrees to purchase such equity interests in CoBank ("“Bank Equity Interests"”) as CoBank may from time to time require in accordance with its bylaws and capital plans as applicable to cooperative borrowers generally. In connection with the foregoing, each of Seller and Servicer hereby acknowledges receipt, prior to the execution of this Agreement, of the following with respect to CoBank: