Common use of WAIVER OF PRESENTMENT AND NOTICE OF DISHONOR Clause in Contracts

WAIVER OF PRESENTMENT AND NOTICE OF DISHONOR. BORROWER and any other person who signs, guarantees or endorses this promissory note, to the extent allowed by law, hereby waives presentment, demand for payment, notice of dishonor, protest, and any notice relating to the acceleration of the maturity of this promissory note. LSCP, LLLP, an Iowa Limited Partnership By Little Sioux Corn Processors, L.L.C. Its General Partner By: /s/ Xxxxxxx X. Xxx , President of Little Sioux Corn Processors, L.L.C. STATE OF IOWA ) ) ss. COUNTY OF IOWA ) On this 1st day of June, 2008, before me, the undersigned, a Notary Public, personally appeared Xxxxxxx Xxx, President of Little Sioux Corn Processors, L.L.C., General Partner of LSCP, LLLP, on behalf of said entity, who executed the foregoing instrument, and acknowledged that he executed the same as his voluntary act and deed. /s/ Xxxxx Xxxxx Notary Public FOURTH AMENDMENT TO THE Note Date: June 1, 2008 $5,000,000.00 Maturity Date: July 20, 2008 FOR VALUE RECEIVED, LSCP, LLLP, an Iowa limited liability limited partnership (“LSCP, LLLP”), successor in interest to LSCP, L.P., an Iowa limited partnership (“LSCP, L.P.”), with its principal offices in Marcus, Iowa (LSCP, LLLP and LSCP, L.P. are referred to collectively as the “BORROWER”) promises to pay to the order of First National Back of Omaha (“BANK”), at its principal office or such other address as BANK or holder may designate from time to time, the principal sum of Five Million and No/100 Dollars ($5,000,000.00), or the amount shown on the BANK’s records to be outstanding, plus interest (calculated on the basis of actual days elapsed in a 360-day year) accruing each day on the unpaid principal balance at the annual interest rates defined below. Absent manifest error, the BANK’s records shall be conclusive evidence of the principal and accrued interest owing hereunder. This promissory note is executed pursuant to a Construction Loan Agreement (“CONSTRUCTION LOAN AGREEMENT”) between BORROWER and BANK dated as of July 25, 2002, which, together will all amendments thereto, is collectively called the “AGREEMENT.” All capitalized terms not otherwise defined in this note shall have the meanings provided in the AGREEMENT.

WAIVER OF PRESENTMENT AND NOTICE OF DISHONOR. BORROWER and any other person who signs, guarantees or endorses this promissory note, to the extent allowed by law, hereby waives presentment, demand for payment, notice of dishonor, protest, and any notice relating to the acceleration of the maturity of this promissory note. LSCP, LLLPL.P., an Iowa Limited Partnership By by Little Sioux Corn Processors, L.L.C. L.L.C., Its General Partner By: /s/ Xxxxxxx Xxxxx X. Xxx Xxxxx Xxxxx X. Xxxxx, President of Little Sioux Corn Processors, L.L.C. STATE OF IOWA ) ) ss. COUNTY OF IOWA ) On this 1st 20 day of June, 20082003, before me, the undersigned, a Notary Public, personally appeared Xxxxxxx XxxXxxxx X. Xxxxx, President of Little Sioux Corn Processors, L.L.C., General Partner of LSCP, LLLPL.P., on behalf of said entity, who executed the foregoing instrument, and acknowledged that he executed the same as his voluntary act and deed. /s/ Xxxxx Xxxxx X. Xxxxxx Notary Public FOURTH AMENDMENT TO THE Note Date: June 23, 2003 $5,000,000.00 Maturity Date: June 1, 2008 $5,000,000.00 Maturity Date: July 20, 2008 FOR VALUE RECEIVED, LSCP, LLLP, an Iowa limited liability limited partnership (“LSCP, LLLP”), successor in interest to LSCP, L.P., an Iowa limited partnership (“LSCP, L.P.”), with its principal offices in Marcus, Iowa (LSCP, LLLP and LSCP, L.P. are referred to collectively as the “BORROWER”) promises to pay to the order of First National Back Bank of Omaha (“BANK”), at its principal office or such other address as BANK or holder may designate from time to time, the principal sum of Five Million and No/100 Dollars ($5,000,000.00), or the amount shown on the BANK’s records to be outstanding, plus interest (calculated on the basis of actual days elapsed in a 360-day year) accruing each day on the unpaid principal balance at the annual interest rates defined below. Absent manifest error, the BANK’s records shall be conclusive evidence of the principal and accrued interest owing hereunder. This promissory note is executed pursuant to a Construction Loan Agreement (“CONSTRUCTION LOAN AGREEMENT”) between BORROWER and BANK dated as of July 25, 2002, which, together will all amendments thereto, is collectively called the “AGREEMENT.” ”. All capitalized terms not otherwise defined in this note shall have the meanings provided in the CONSTRUCTION LOAN AGREEMENT.

WAIVER OF PRESENTMENT AND NOTICE OF DISHONOR. BORROWER and any other person who signs, guarantees or endorses this promissory note, to the extent allowed by law, hereby waives presentment, demand for or payment, notice of dishonor, protest, and any notice relating to the acceleration of the maturity of this promissory note. LSCP, LLLP, an Iowa Limited Partnership By Little Sioux Corn Processors, L.L.C. Its General Partner By: /s/ Xxxxxxx X. Xxx , President of Little Sioux Corn Processors, L.L.C. STATE OF IOWA ) ) ss. COUNTY OF IOWA ) On this 1st day of June, 2008, before me, the undersigned, a Notary Public, personally appeared Xxxxxxx Xxx, President of Little Sioux Corn Processors, L.L.C., General Partner of LSCP, LLLP, on behalf of said entity, who executed the foregoing instrument, and acknowledged that he executed the same as his voluntary act and deed. /s/ Xxxxx Xxxxx Notary Public FOURTH AMENDMENT TO THE Note Date: June 1, 2008 $5,000,000.00 2,554,559.56 Maturity Date: July 20, 2008 FOR VALUE RECEIVED, LSCP, LLLP, an Iowa limited liability limited partnership (“LSCP, LLLP”), successor in interest to LSCP, L.P., an Iowa limited partnership (“LSCP, L.P.”), with its principal offices in Marcus, Iowa (LSCP, LLLP and LSCP, L.P. are referred to collectively as the “BORROWER”) promises to pay to the order of First National Back of Omaha (“BANK”), at its principal office or such other address as BANK or holder may designate from time to time, the principal sum of Two Million Five Million Hundred Fifty-Four Thousand Five Hundred Fifty-Nine and No/100 56/100 Dollars ($5,000,000.002,554,559.56), or the amount shown on the BANK’s records to be outstanding, plus interest (calculated on the basis of actual days elapsed in a 360-day year) accruing each day on the unpaid principal balance at the annual interest rates defined below. Absent manifest error, the BANK’s records shall be conclusive evidence of the principal and accrued interest owing hereunder. This promissory note is executed pursuant to a Construction Loan Agreement (“CONSTRUCTION LOAN AGREEMENT”) between BORROWER and BANK dated as of July 25, 2002, which, together will all amendments thereto, is collectively called the “AGREEMENT.” All capitalized terms not otherwise defined in this note shall have the meanings provided in the AGREEMENT.

WAIVER OF PRESENTMENT AND NOTICE OF DISHONOR. BORROWER and any other person who signs, guarantees or endorses this promissory note, to the extent allowed by law, hereby waives presentment, demand for payment, notice of dishonor, protest, and any notice relating to the acceleration of the maturity of this promissory note. LSCP, LLLPL.P., an Iowa Limited Partnership By Little Sioux Corn Processors, L.L.C. L.L.C., Its General Partner By: /s/ Xxxxxxx Xxxxx X. Xxx Xxxxx Xxxxx X. Xxxxx, President of Little Sioux Corn Processors, L.L.C. STATE OF IOWA ) ) ss. COUNTY OF IOWA CHEROKEE ) On this 1st 20 day of June, 20082003, before me, the undersigned, a Notary Public, personally appeared Xxxxxxx XxxXxxxx X. Xxxxx, President of Little Sioux Corn Processors, L.L.C., General Partner of LSCP, LLLPL.P., on behalf of said entity, who executed the foregoing instrument, and acknowledged that he executed the same as his voluntary act and deed. /s/ Xxxxx Xxxxx X. Xxxxxx Notary Public FOURTH AMENDMENT TO THE Note Date: June 23, 2003 $10,732,500.00 Maturity Date: June 1, 2008 $5,000,000.00 Maturity Date: July 20, 2008 FOR VALUE RECEIVED, LSCP, LLLP, an Iowa limited liability limited partnership (“LSCP, LLLP”), successor in interest to LSCP, L.P., an Iowa limited partnership (“LSCP, L.P.”), with its principal offices in Marcus, Iowa (LSCP, LLLP and LSCP, L.P. are referred to collectively as the “BORROWER”) promises to pay to the order of First National Back Bank of Omaha (“BANK”), at its principal office or such other address as BANK or holder may designate from time to time, the principal sum of Ten Million Seven Hundred Thirty-Two Thousand Five Million Hundred and No/100 Dollars ($5,000,000.0010,732,500.00), or the amount shown on the BANK’s records to be outstanding, plus interest (calculated on the basis of actual days elapsed in a 360-day year) accruing each day on the unpaid principal balance at the annual interest rates defined below. Absent manifest error, the BANK’s records shall be conclusive evidence of the principal and accrued interest owing hereunder. This promissory note is executed pursuant to a Construction Loan Agreement (“CONSTRUCTION LOAN AGREEMENT”) between BORROWER and BANK dated as of July 25, 2002, which, together will all amendments thereto, is collectively called the “AGREEMENT.” ”. All capitalized terms not otherwise defined in this note shall have the meanings provided in the CONSTRUCTION LOAN AGREEMENT.