ASSIGNMENT and PLEDGE AGREEMENT (Through Put Service Agreement)
Exhibit 10.6
(Through Put Service Agreement)
Amaizing Energy, LLC (“Assignor”), an Iowa limited liability company, for valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, hereby grants,
pledges, and assigns to CoBank, ACB (“Assignee”), all of Assignor’s right, title and interest in
and to:
That certain Natural Gas Transportation Agremeent (“Through Put Service Agreement”) between
Assignor and Northern Natural Gas, pursuant to which the Northern Natural Gas will furnish
transportation of Assignor’s natural gas to Assignor pursuant to the terms contained in
such Through Put Service Agreement
to secure payment and performance of all obligations of Assignor to Assignee under that certain
Master Loan Agreement, that certain Construction and Revolving Term Loan Supplement, that certain
Statused Revolving Credit Supplement, and that certain Non-Revolving Credit Supplement, all between
Assignor and Assignee, which by this reference are made a part hereof.
It is the intention of Assignor that by this assignment Assignee shall acquire all of the
rights and obligations previously enjoyed by Assignor as owner under the Through Put Service
Agreement.
Assignor agrees to execute such other documents as may reasonably be requested by Assignee,
from time to time to evidence the above and foregoing assignment.
Dated: February 11, 2005 | Amaizing Energy, LLC |
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By: | /s/ Xxx X. Xxxxxxx | |||
Xxxxxx Xxxxxxx, Chairman | ||||
By its execution hereof, Northern Natural Gas consents to and acknowledges the foregoing collateral
assignment of the described agreement.
Northern Natural Gas | ||||||||
Dated February , 2005
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By: | |||||||
Its: | ||||||||
STATE OF IOWA ) |
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)ss. |
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COUNTY OF XXXXXXXX ) |
On this 11th day of February, 2005, before me, the undersigned, a Notary
Public personally appeared Xxxxxx Xxxxxxx, Chairman of Amaizing Energy,LLC on behalf of said
entity, who executed the foregoing instrument, and acknowledged that he executed the same as his
voluntary act and deed.
SEAL XXXXX X. XXXXXX
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/s/ Xxxxx Xxxxxx | |||
Commission Number 727183
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Xxxxx Xxxxxx Notary Public | |||
My Commission Expires
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In and for said Xxxxx | |||
Xxxxx 0, 0000
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Xx commission expires: Xxxxx 0, 0000 | |||
XXXXX OF )
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)ss. |
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COUNTY OF ) |
On this day of February, 2005, before me, the undersigned, a Notary Public, personally
appeared ,
the of Northern Natural Gas on behalf of said entity, who executed the foregoing
instrument, and acknowledged that s/he executed the same as his/her voluntary act and deed.
Notary Public
In and for said State
My commission expires: