Liquidation of Lender. If Lender is placed in liquidation, Borrower shall be sent by the receiver such notices as required by the Farm Credit Administration regulations then in effect. Such regulations currently provide for advance notice from the receiver that funds in the Program account will be applied to the loan and that funds in the Program account will not earn interest after the receiver is appointed.
Appears in 5 contracts
Samples: Master Loan Agreement (Heron Lake BioEnergy, LLC), Master Loan Agreement (Heron Lake BioEnergy, LLC), Master Loan Agreement (Renewable Energy Group, Inc.)
Liquidation of Lender. If Lender is placed in liquidation, Borrower shall be sent by the receiver such notices as required by the Farm Credit Administration regulations then in effect. Such regulations currently provide for advance notice from the receiver that funds in the Program account Account will be applied to the loan and that funds in the Program account Account will not earn interest after the receiver is appointed.
Appears in 1 contract
Samples: Construction and Revolving Loan Agreement (United Wisconsin Grain Producers LLC)
