Sale of Livestock by the Producer on Behalf of Breeder Finance Sample Clauses

Sale of Livestock by the Producer on Behalf of Breeder Finance. The Producer may only sell Livestock if the Producer notifies the Feeder Association’s local supervisor of the Producer’s proposed arrangements for the sale of the Livestock, and if these arrangements are approved by Breeder Finance before the sale. All Proceeds from the sale of the Livestock shall be applied firstly to the principal balance due under the Promissory Notes in the discretion of Breeder Finance and secondly to the Producer’s Obligations in the discretion of Breeder Finance.
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