attaching and certifying as to each of the following, all of which must be in form and content acceptable
to CoBank: (1) the Articles of Incorporation of the Company, certified by the Secretary of State of New
Hampshire within 30 days of the date hereof; (2) the Bylaws of the Company; and (3) a certificate of the
Secretary of State of New Hampshire issued within 30 days of the date hereof attesting to the due
formation and good standing of the Company in the State of New Hampshire.
(C) Delegation and Wire Transfer Form. CoBank shall have received a duly
executed original delegation and wire transfer authorization form.
(D) Equity In CoBank. The Company shall have purchased $1,000 in equity in
CoBank.
SECTION 3.02. Conditions to Each Supplement. CoBank’s obligation to make the initial
loan under each Promissory Note and Supplement hereto (including the initial Promissory Note(s) and
Supplement(s) hereto) is subject to the following conditions precedent (which in the case of instruments
and documents, must be originals and in form and content acceptable to CoBank):
(A) Suppiemeat. CoBank shall have received a duly executed Promissory Note and
Supplement and all Loan Documents required by the Promissory Note and Supplement.
{B) Evidence of Authority. CoBank shall have received copies, certified by the
Secretary of the Company as of the date of the Promissory Note and Supplement (or as of another date
acceptable to CoBank), of such board resolutions, evidence of incumbency, and other evidence as
CoBank may require that the Promissory Note and Supplement and all Loan Documents executed in
connection therewith have been duly authorized, executed and delivered.
(C) Consents and Approvals. CoBank shall have received such evidence as
CoBank may require that all consents and approvals referred to in Section 4.11 hereof, have been
obtained and are in full force and effect.
(D) Fees and Other Charges. CoBank shall have received all fees or other charges
provided for herein or in the Promissory Note and Supplement.
(BE) Application. CoBank shall have received a duly executed and completed copy of
an application for the credit and all instruments and documents required by the application for credit.
(F) Insurance. CoBank shall have received such evidence as CoBank may
reasonably require that the Company is in compliance with Section 5.03 hereof.
(G) Opinion of Counsel. CoBank shal! have received an opinion of counsel to the
Company, which counsel and opinion must be reasonably acceptable to CoBank.
SECTION 3.03. Conditions te Each Loan. CoBank’s obligation under each Promissory
Note and Supplement (including the initial! Promissory Note(s) and Supplement(s) hereto) to make any
loan to the Company thereunder, including the initial loan, is subject to the conditions precedent that: (A)
no Default or Event of Default shall have occurred and be continuing; (B) each of the representations and
warranties of the Company set forth herein, in the Promissory Note and Supplement, and in all other
Loan Documents shall be true and correct as of the date of the loan; and (C} the Company shall have
