Common use of Acknowledgement of Distressed Loan Notice Clause in Contracts

Acknowledgement of Distressed Loan Notice. HLBE acknowledges receipt of notice of its rights under AgStar’s distressed loan program and 12 U.S.C. § 2202a(b) and to request restructuring of their loans under such program. HLBE acknowledges and agrees that it has not requested restructuring of their respective loans and has elected to enter into this Agreement in lieu of any such restructuring.

Appears in 5 contracts

Samples: Forbearance Agreement, Forbearance Agreement (Heron Lake BioEnergy, LLC), Forbearance Agreement (Heron Lake BioEnergy, LLC)

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