Common use of Previously Clause in Contracts

Previously. the Borrower has constructed its feeder pig production facilities by using the proceeds from a sale of a block of seventeen (17) shares of its common stock, together with the proceeds of loans from CoBank, ACB, pursuant to the CoBank Loan Documentation (as hereinafter defined).

Previously. the Borrower has constructed its (i) feeder pig production facilities by using the proceeds from a sale of a block of seventeen (17) shares of its Class A common stock, and (ii) weaned pig production facilities by using the proceeds from a sale of a block of eighteen (18) or twenty-four (24) shares, respectively, of its Class B or Class C common stock, together with the proceeds of loans from CoBank, ACB, pursuant to the CoBank Loan Documentation (as hereinafter defined).