Common use of NON-RECOURSE PURCHASES Clause in Contracts

NON-RECOURSE PURCHASES. Statesman will from time to time upon the terms and subject to the conditions contained in this Agreement, purchase Approved Contracts from the Cooperative. Such purchases shall be without recourse to the Cooperative except as specifically provided for herein.

Appears in 3 contracts

Samples: Financing Services and Contributed Capital Agreement (Southern States Capital Trust I), Revolving Credit Agreement (Southern States Cooperative Inc), Revolving Credit Agreement (Southern States Capital Trust I)

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NON-RECOURSE PURCHASES. Statesman will from time to time ---------------------- upon the terms and subject to the conditions contained in this Agreement, purchase Approved Contracts from the Cooperative. Such purchases shall be without recourse to the Cooperative except as specifically provided for herein.

Appears in 2 contracts

Samples: Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii)

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