Consents; Terminations, etc Sample Clauses

Consents; Terminations, etc. Each Bank that is a party to this Agreement hereby consents to the extent required under any agreement between the Bank and the Company, to the Company entering into this Agreement and obtaining the credit provided under this Agreement. The Company and each Bank that is a party to any agreement (as amended or supplemented) listed in Schedule 3.01(M) hereby agrees that all such agreements (other than any such agreements evidencing the Continuing Credit Facilities and the Continuing Bid Rate Loans (defined below)), will terminate upon the payment of the proceeds of the initial Loan(s) funded on the Closing Date in accordance with the Pay Proceeds Letter. Notwithstanding the foregoing, certain existing loans made by CoBank to the Company and identified on Schedule 3.01(M) hereto (the "Continuing Bid Rate Loans") shall remain outstanding and be deemed to be Bid Rate Loans under this Agreement for all purposes, and shall be subject to all of the terms and conditions of this Agreement and the other Loan Documents applicable to Bid Rate Loans, except that each such Continuing Bid Rate Loan shall be deemed to be made solely by CoBank, shall bear interest at the interest rate applicable to such loan immediately prior to the effectiveness of this Agreement until the end of its stated interest period, and shall be due and payable on the date specified as the maturity date for such loan.