AMENDMENT TO THE CONSTRUCTION AND TERM LOAN SUPPLEMENTConstruction Loan Agreement |
|
|
You are currently viewing: This Construction Loan Agreement involves
GREEN PLAINS RENEWABLE ENERGY, INC. | FARM CREDIT SERVICES | SUPERIOR ETHANOL, LLC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
|
|
|
Search Construction Loan Agreement by:
Exhibit 10.2
AMENDMENT
TO THE
CONSTRUCTION AND TERM LOAN SUPPLEMENT
THIS AMENDMENT is entered into as of April 23, 2008, between FARM CREDIT SERVICES OF AMERICA, FLCA (“Farm Credit”) and SUPERIOR ETHANOL, L.L.C., Superior, Iowa (the “Company”).
BACKGROUND
Farm Credit and the Company are parties to a Construction and Term Loan Supplement dated March 15, 2007 (such agreement, as previously amended, is hereinafter referred to as the “Supplement”). Farm Credit and the Company now desire to amend certain sections of the Supplement. For that reason, and for valuable consideration (the receipt and sufficiency of which are hereby acknowledged), Farm Credit and the Company agree that the following sections of the Supplement are hereby amended to read as follows:
1.
Section 3 of the Supplement is hereby amended and restated to read as follows:
SECTION 3.
Term. The term of the Commitment shall be from the date hereof, up to and including July 15, 2008, or such later date as Agent may, in its sole discretion, authorize in writing.
2.
Section 5(C) of the Supplement is hereby added to read as follows:
SECTION 5. Interest and Fees.
(C)
Amendment Fee. In consideration of the amendment, the Company agrees to pay to Agent on the execution hereof a fee in the amount of $5,000.00.
