Payments to Third Parties. At its option and without further authorization from the Company, Agent is authorized to make advances under the Commitment by paying, directly or jointly with the Company, any person to whom Agent in good faith determines payment is due and any such advance shall be deemed made as of the date on which Agent makes such payment and shall be secured under the deed of trust/mortgage securing the Commitment and any other loan documents securing the Commitment as fully as if made directly to the Company.
Appears in 8 contracts
Samples: Construction and Revolving Term Loan Supplement (East Fork Biodiesel, LLC), Construction and Revolving Term Loan Supplement (Western Iowa Energy, L.L.C.), Construction and Term Loan Supplement (Green Plains Renewable Energy, Inc.)
Payments to Third Parties. At If there is an Event of Default (as defined in the MLA) at its option and without further authorization from the Company, Agent is authorized to make advances under the Commitment by paying, directly or jointly with the Company, any person to whom Agent in good faith determines payment is due and any such advance shall be deemed made as of the date on which Agent makes such payment and shall be secured under the deed of trust/mortgage securing the Commitment and any other loan documents securing the Commitment as fully as if made directly to the Company.
Appears in 5 contracts
Samples: Construction and Term Loan Supplement (Advanced BioEnergy, LLC), Construction and Revolving Term Loan Supplement (Advanced BioEnergy, LLC), Construction and Revolving Term Loan Supplement (Advanced BioEnergy, LLC)
Payments to Third Parties. At its option and without further authorization from the Company, Agent is authorized to make advances under the Commitment by paying, directly or jointly with the Company, any person to whom Agent in good faith determines payment is due and any such advance shall be deemed made as of the date on which Agent makes such payment and shall be secured under the deed of trust/mortgage securing the Commitment and any other loan documents securing the Commitment as fully as if made directly to the Company.. Construction and Term Loan Supplement RI0487T01A
Appears in 1 contract
Samples: Construction and Term Loan Supplement (Green Plains Renewable Energy, Inc.)
Payments to Third Parties. At its option and without further authorization from the Company, Agent is authorized to make advances under the Commitment by paying, directly or jointly with the Company, any person to whom Agent in good faith determines payment is due and any such advance shall be deemed made as of the date on which Agent makes such payment and shall be secured under the deed of trust/mortgage securing the Commitment and any other loan documents securing the Commitment as fully as if made directly to the Company.
Appears in 1 contract
Samples: Construction and Term Loan Supplement (Western Iowa Energy, L.L.C.)
