New Promissory Notes and Supplements Sample Clauses

New Promissory Notes and Supplements. If on or after the Effective Date, the Company would like to obtain one or more new Loans from CoBank, and CoBank is willing to make such new Loan or Loans to the Company, the parties will enter into one or more additional Promissory Notes and Supplements to this Agreement. Each such Promissory Note and Supplement will set forth CoBank's commitment to make the Loan or Loans, the amount of the Loan(s), the purpose of the Loan(s), the interest rate or interest rate options applicable to the Loan(s), the Company's promise to repay the Loans, and any other terms and conditions applicable to the particular Loan(s). Each Loan will be governed by the terms and conditions set forth in this Agreement and in the Promissory Note and Supplement relating to that Loan. In the absence of a Promissory Note and Supplement hereto duly executed by CoBank, CoBank shall have no obligation to make any new Loan to the Company under this Agreement.