Peoples National Bank v. Purina Mills, Inc.

MEMORANDUM AND ORDER

CROW, District Judge.

The ease comes before the court on the plaintiff’s motion for clarification or, in the alternative, reconsideration of the memorandum and order dated June 20, 1996. (Dk. 51). According to the plaintiff Peoples National Bank, Clay Center, Kansas (“Bank”), it and the defendant Purina Mills, Inc. (“Purina”) disagree over whether the court’s prior order requires the plaintiff to “apply a prorated share (41.7%) of all collateral proceeds solely to Purina’s $150,000.00 liability under the [Non-Funded Participation Agreement] NFPA or whether the Bank may…