SECURITY AGREEMENTSecurity Agreement • March 17th, 2006 • Golden Grain Energy • Industrial organic chemicals
THIS SECURITY AGREEMENT, dated as of January 30, 2006, between GOLDEN GRAIN ENERGY, LLC, an Iowa limited liability company (“Borrower”), and HOME FEDERAL SAVINGS BANK (“Lender”).
Prepared by and Record and Return to: Lindquist & Vennum P.L.L.P. (RKV)Security Agreement • March 17th, 2006 • Golden Grain Energy • Industrial organic chemicals
AMENDED AND RESTATED REVOLVING CREDIT NOTEGolden Grain Energy • March 17th, 2006 • Industrial organic chemicals
FOR VALUE RECEIVED, the undersigned, Golden Grain Energy, LLC, an Iowa limited liability company (“Borrower”), hereby promises to pay to Home Federal Savings Bank, (together with any subsequent holder thereof, “Lender”), or its successors and assigns, at Post Office Box 6947, 1016 Civic Center Drive N.W., Rochester, Minnesota 55903-6947 on the Revolving Commitment Termination Date (as defined in the Credit Agreement date as of January 16, 2004, as amended by the First Amendment to the Credit Agreement dated May 17, 2004, and the Second Amendment to the Credit Agreement dated as of the date hereof (as same may be amended, restated, supplemented or otherwise modified form time to time, the “Credit Agreement”), between Borrower and Lender, the lesser of the principal sum of Six Million Five Hundred Thousand Five Hundred Dollars ($6,500,000) or so much thereof as shall be advanced by Lender to Borrower pursuant to the Credit Agreement, in lawful money of the United States and in immediatel
REDEMPTION AGREEMENTRedemption Agreement • March 17th, 2006 • Golden Grain Energy • Industrial organic chemicals • Iowa
THIS REDEMPTION AGREEMENT, (the “Agreement”) dated January 31, 2006, (the “Redemption Date) is made by and between Golden Grain Energy, LLC (the “Company”), and Fagen Energy, LLC (“Fagen”) for the purpose of setting forth the terms and conditions under which the Company shall redeem 3,000,000 of its Class A membership units (the “Units”) from Fagen.
TO THE CREDIT AGREEMENT dated as of January 16, 2004 betweenCredit Agreement • March 17th, 2006 • Golden Grain Energy • Industrial organic chemicals • Minnesota
THIS SECOND AMENDMENT (the “Amendment”) to the CREDIT AGREEMENT dated January 16, 2004, as amended by the First Amendment to the Credit Agreement dated May 17, 2004 (the “Agreement”), is made and entered into as of January 30, 2006, by and between by and between GOLDEN GRAIN ENERGY, LLC, an Iowa limited liability company (“Borrower”) and HOME FEDERAL SAVINGS BANK (“Lender”).
CREDIT AGREEMENT BETWEEN GOLDEN GRAIN ENERGY, LLC AND HOME FEDERAL SAVINGS BANK January 30, 2006Credit Agreement • March 17th, 2006 • Golden Grain Energy • Industrial organic chemicals • Minnesota
Golden Grain Energy, LLC, an Iowa limited liability company (“Borrower”) and Home Federal Savings Bank (“Bank”), agree as follows (the “Agreement”):
ContractGolden Grain Energy • March 17th, 2006 • Industrial organic chemicals • Minnesota
THIS NOTE AND THE PAYMENT OF ALL SUMS OWED HEREUNDER ARE SUBORDINATE AND SUBJECT IN RIGHT AND TIME OF PAYMENT TO THE PRIOR PAYMENT IN FILL OF ALL AMOUNTS OWED TO HOME FEDERAL SAVINGS BANK PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT BETWEEN GOLDEN GRAIN ENERGY, LLC AND HOME FEDERAL SAVINGS BANK DATED JANUARY 16, 2004, AS AMENDED. A COPY OF SUCH AGREEMENT IS AVAILABLE FOR INSPECTION AT THE OFFICES OF HOME FEDERAL SAVINGS BANK
