Common use of Completion of Livestock Supply Form and Promissory Note Clause in Contracts

Completion of Livestock Supply Form and Promissory Note. With respect to the completion and execution of the Livestock Supply Form and the Promissory Note: (a) The Member authorizes the Association to insert the applicable date of execution, Due Date, principal amount and interest rate in any Promissory Note the Member signs in blank; (b) The Member also authorizes the Association to complete on behalf of the Member any Livestock Supply Forms which have been signed in blank, or which have been signed and partially completed, by the Member; (c) The Member acknowledges and agrees that in completing Livestock Supply Forms and Promissory Notes which have been signed in blank, the Association may rely on any invoices, bills of sale, manifests, transportation permits or similar documents with respect to Livestock which have been supplied to the Member, and that if these documents have been signed by the Member or the Member’s representative they shall be deemed to accurately and conclusively confirm the description and number of the Livestock, the purchase price for the Livestock and the delivery of the Livestock to the Member, as set forth therein; (d) The Member acknowledges and agrees that the Member shall have no interest whatsoever in any Livestock requested by the Member, and no right to recover any costs or expenses incurred by the Member with respect to such Livestock, if the Member has failed or refused to sign a Livestock Supply Form or Promissory Note with respect to such Livestock. The Member shall indemnify the Association for all costs, losses, claims and expenses incurred by the Association with respect to such Livestock. The Association shall be entitled to remove such Livestock from the Member’s possession at the Member’s expense without notice; and (e) Notwithstanding the date of execution set forth in Promissory Notes, the calculation of interest due on Promissory Notes shall be adjusted so that it is calculated from the date that the Lender Loan for the principal amount referred to therein was advanced to the Association.

Completion of Livestock Supply Form and Promissory Note. With respect to the completion and execution of the Livestock Supply Form and the Promissory Note: (a) The Member authorizes the Association to insert the applicable date of execution, Due Date, principal amount and interest rate in any Promissory Note the Member signs in blank; (b) The Member also authorizes the Association to complete on behalf of the Member any Livestock Supply Forms which have been signed in blank, or which have been signed and partially completed, by the Member; (c) The Member acknowledges and agrees that in completing Livestock Supply Forms and Promissory Notes which have been signed in blank, the Association may rely on any invoices, bills of sale, manifests, transportation permits or similar documents with respect to Livestock which have been supplied to the Member, and that if these documents have been signed by the Member or the Member’s representative they shall be deemed to accurately and conclusively confirm the description and number of the Livestock, the purchase price for the Livestock and the delivery of the Livestock to the Member, as set forth therein;therein;‌‌ (d) The Member acknowledges and agrees that the Member shall have no interest whatsoever in any Livestock requested by the Member, and no right to recover any costs or expenses incurred by the Member with respect to such Livestock, if the Member has failed or refused to sign a Livestock Supply Form or Promissory Note with respect to such Livestock. The Member shall indemnify the Association for all costs, losses, claims and expenses incurred by the Association with respect to such Livestock. The Association shall be entitled to remove such Livestock from the Member’s possession at the Member’s expense without notice; and (e) Notwithstanding the date of execution set forth in Promissory Notes, the calculation of interest due on Promissory Notes shall be adjusted so that it is calculated from the date that the Lender Loan for the principal amount referred to therein was advanced to the Association.

Completion of Livestock Supply Form and Promissory Note. With respect to the completion and execution of the each Livestock Supply Form and the Promissory Note: (a) The Member Producer authorizes the Feeder Association to insert the applicable date of execution, Instalment amounts, Instalment Due DateDates, principal amount and interest rate in any Promissory Note the Member Producer signs in blankblank or partially completes; (b) The Member Producer also authorizes the Feeder Association to complete on behalf of the Member Producer any Livestock Supply Forms which have been signed in blank, or which have been signed and partially completed, by the MemberProducer; (c) The Member Producer acknowledges and agrees that in completing Livestock Supply Forms and Promissory Notes which have been partially completed or signed in blank, the Feeder Association may rely on any invoices, bills of sale, manifests, transportation permits or similar documents with respect to Livestock which have been supplied or which are proposed to be delivered to the MemberProducer, and that if these documents have been signed by the Member Producer or the MemberProducer’s representative they shall be deemed to accurately and conclusively confirm the description and number of the Livestock, the purchase price for the Livestock and the delivery of the Livestock to the MemberProducer, as set forth therein; (d) The Member Producer acknowledges and agrees that the Member Producer shall have no interest whatsoever in any Livestock requested by the MemberProducer, and no right to recover any costs or expenses incurred by the Member Producer with respect to such Livestock, if the Member Producer has failed or refused to sign a Livestock Supply Form or Promissory Note with respect to such Livestock. The Member Producer shall indemnify the Feeder Association and Breeder Finance for all costs, losses, claims and expenses incurred by the Feeder Association and Breeder Finance with respect to such Livestock. The Feeder Association and Breeder Finance shall be entitled to remove such Livestock from the MemberProducer’s possession at the MemberProducer’s expense without notice; (e) The authority granted to the Feeder Association and Breeder Finance under this clause may be exercised by the Feeder Association’s local supervisor or administrator; and (ef) Notwithstanding the date of execution set forth in Promissory Notes, the calculation of interest due on Promissory Notes shall be adjusted so that it is calculated from the date that datethat the Lender Breeder Finance Loan for the principal amount referred to therein was advanced to the AssociationBreeder Finance.

Completion of Livestock Supply Form and Promissory Note. With respect to the completion and execution of the each Livestock Supply Form and the Promissory Note: (a) The Member Producer authorizes the Feeder Association to insert the applicable date of execution, Instalment amounts, Instalment Due DateDates, principal amount and interest rate in any Promissory Note the Member Producer signs in blankblank or partially completes; (b) The Member Producer also authorizes the Feeder Association to complete on behalf of the Member Producer any Livestock Supply Forms which have been signed in blank, or which have been signed and partially completed, by the MemberProducer; (c) The Member Producer acknowledges and agrees that in completing Livestock Supply Forms and Promissory Notes which have been partially completed or signed in blank, the Feeder Association may rely on any invoices, bills of sale, manifests, transportation permits or similar documents with respect to Livestock which have been supplied or which are proposed to be delivered to the MemberProducer, and that if these documents have been signed by the Member Producer or the MemberProducer’s representative they shall be deemed to accurately and conclusively confirm the description and number of the Livestock, the purchase price for the Livestock and the delivery of the Livestock to the MemberProducer, as set forth therein; (d) The Member Producer acknowledges and agrees that the Member Producer shall have no interest whatsoever in any Livestock requested by the MemberProducer, and no right to recover any costs or expenses incurred by the Member Producer with respect to such Livestock, if the Member Producer has failed or refused to sign a Livestock Supply Form or Promissory Note with respect to such Livestock. The Member Producer shall indemnify the Feeder Association and Breeder Finance for all costs, losses, claims and expenses incurred by the Feeder Association and Breeder Finance with respect to such Livestock. The Feeder Association and Breeder Finance shall be entitled to remove such Livestock from the MemberProducer’s possession at the MemberProducer’s expense without notice; (e) The authority granted to the Feeder Association and Breeder Finance under this clause may be exercised by the Feeder Association’s local supervisor or administrator; and (ef) Notwithstanding the date of execution set forth in Promissory Notes, the calculation of interest due on Promissory Notes shall be adjusted so that it is calculated from the date that the Lender Breeder Finance Loan for the principal amount referred to therein was advanced to the AssociationBreeder Finance.