Common use of DEBTOR’S DUTIES REGARDING COLLATERAL Clause in Contracts

DEBTOR’S DUTIES REGARDING COLLATERAL. 4.1 Prohibition on Disposition of Collateral by Debtor. DEBTOR SHALL NOT SELL, STORE OFF-FARM, LEASE OR OTHERWISE DISPOSE OF ANY COLLATERAL EXCEPT AS FOLLOWS: a) Subject to any restrictions stated in an addendum to this Agreement and to Secured Party’s continuing security interest in all proceeds and accounts arising from permitted disposition of Collateral, Debtor, before default, may in a commercially reasonable manner, (1) market milk, (2) market eggs, end (3) use feed, crops end products of crops as feed for Debtor’s livestock and poultry; or b) as specifically authorized in a writing signed by Secured Party or in an addendum to this Agreement, Secured Party reserves the right, in its sole discretion, to revoke or modify any permission given Debtor to dispose of Collateral.

DEBTOR’S DUTIES REGARDING COLLATERAL. 4.1 Prohibition on Disposition of Collateral by Debtor. DEBTOR SHALL NOT SELL, STORE OFF-FARM, LEASE OR OTHERWISE DISPOSE OF ANY COLLATERAL EXCEPT AS FOLLOWS: : a) Subject to any restrictions stated in an addendum to this Agreement and to Secured Party’s 's continuing security interest in all proceeds and accounts arising from permitted disposition of Collateral, Debtor, before default, may in a commercially reasonable manner, (1) market milk, (2) market eggs, end and (3) use feed, crops end and products of crops as feed for Debtor’s 's livestock and poultry; or b) as specifically authorized in a writing signed by Secured Party or in an addendum to this Agreement, Secured Party reserves the right, in its sole discretion, to revoke or modify any permission given Debtor to dispose of Collateral.