Amendment to Second Amended and Restated Revolving Credit Note between Southwest Iowa Renewable Energy, LLC and Farm Credit Services of America, PCA
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Summary
Southwest Iowa Renewable Energy, LLC and Farm Credit Services of America, PCA have agreed to amend their existing revolving credit note. The amendment extends the expiration date of the revolving credit facility from February 1, 2022, to March 1, 2022. All other terms of the original note remain unchanged and in effect. The agreement is signed by representatives of both parties and serves as an official record of the extension.
EX-10.1 2 brhc10033530_ex10-1.htm EXHIBIT 10.1
Exhibit 10.1
 | 6340 South Fiddlers Green Circle Greenwood Village, CO 80111 800 ###-###-#### www.cobank.com |
February 1, 2022
VIA REGULAR U.S. MAIL AND E-MAIL
Southwest Iowa Renewable Energy, LLC
10868 189th Street
Council Bluffs, IA 51503
Attn: Michael D. Jerke
RE: Southwest Iowa Renewable Energy, LLC
Dear Mr. Jerke:
Reference is made to that certain Second Amended and Restated Revolving Credit Note dated as of October 29, 2021 by Southwest Iowa Renewable Energy, LLC (the “Company”) to the order of Farm Credit Services of America, PCA (the “Note”). Capitalized terms not defined herein shall have the meanings set forth in the Note.
The Note is hereby amended by amending the Revolving Credit Facility Expiration Date set forth therein from “February 1, 2022” to “March 1, 2022”.
Except as specifically set forth herein, the Note shall remain in full force and effect as originally executed. Except for the specific amendment set forth herein, nothing herein shall be deemed to be an amendment of any provision contained in the Note and all such other provisions contained in the Note are hereby confirmed and ratified in all respects and shall remain in full force and effect in accordance with their respective terms.
It is important you keep this letter with your original loan documentation.
Sincerely,
Kathy Frahm
CoBank, ACB
Vice President
Agribusiness Banking Group
| Proud Member of the |  | |
| Farm Credit System |
| CONSENTED TO AND AGREED UPON BY: | |
| COMPANY: | |
| SOUTHWEST IOWA RENEWABLE ENERGY, LLC |
| By: | /s/ Michael D. Jerke |
| Name: | Michael D. Jerke | |
| Title: | Chief Executive Officer |
| LENDER: | |||
| FARM CREDIT SERVICES OF AMERICA, PCA | |||
| By: | /s/ Brian Frevert | ||
| Name: | Brian Frevert | |
| Title: | VP |
| FARM CREDIT SERVICES OF AMERICA, FLCA | |||
| By: | /s/ Brian Frevert | ||
| Name: | Brian Frevert | |
| Title: | VP |
