RURAL DEVELOPMENT LOAN AGREEMENTDevelopment Loan Agreement • November 14th, 2006 • Western Iowa Energy, L.L.C. • Industrial organic chemicals
THIS AGREEMENT dated as of the date first written above between Western Iowa Energy, LLC., a limited liability company organized and existing under the laws of the State of Iowa (the “Borrower”) and Glidden Rural Electric Cooperative of Glidden, Iowa, a cooperative corporation organized and existing under the laws of the State of Iowa, (“Glidden”) sets forth the terms and understandings between the Borrower and Glidden regarding a loan (the “Loan”) Glidden is making to the Borrower pursuant to Section 313 of the Rural Electrification Act of 1936, as amended (the “Act”) and 7 C.F.R. Part 1703, Subpart B — Rural Economic Development Loan and Grant Program (the “Regulations”).
