Farm Credit banks definition

Farm Credit banks means one or more Farm Credit Banks, agricultural credit banks, and banks for coopera- tives.
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Farm Credit banks means one ormore Farm Credit Banks, agricultural credit banks, and banks forcooperatives.
Sample 1Sample 2

Examples of Farm Credit banks in a sentence

  • After consulting with the other Farm Credit banks, the Funding Corporation, and the FCSIC, you must pay or make adequate provision for payment of your primary liability on consolidated or System-wide obligations in a method that we deem acceptable.

  • If your institution is a ter- minating bank, within 10 days of adopting the commencement resolu- tion, your bank and the other Farm Credit banks must begin negotiations to provide for your satisfaction of li- abilities (other than your primary li- ability) under section 4.4 of the Act.

  • To perform such other duties as fiscal agent as may be requested by the Farm Credit banks and the Funding Corporation.

  • A Farm Credit bank or association (you or your) may orga- nize a corporation acting alone or with other Farm Credit banks or associa- tions to perform, for you or on your be- half, any function or service that you are authorized to perform under the Act and Farm Credit Administration (we, us, or our) regulations, with two exceptions.

  • If your institution is a bank, also send a copy to your affiliated associations, the other Farm Credit banks, and the Fed- eral Farm Credit Banks Funding Cor- poration (Funding Corporation).

  • Before we make a final decision on your proposal and as we deem necessary, we may con- sult with the other Farm Credit banks, the Funding Corporation, and the FCSIC.(c) Satisfaction of joint and several li- ability and liability for interest on indi- vidual obligations.

  • The authority of Farm Credit banks and associations oper- ating under section 1.7(a) of the Act to finance eligible farm-related service businesses under paragraphs (b)(1) and (b)(2) of this section is limited to nec- essary capital structures, equipment, and initial working capital.[62 FR 4441, Jan.

  • Before we make a final decision on your proposal and as we deem necessary, we may con- sult with the other Farm Credit banks, the Funding Corporation, and the FCSIC.

  • Twenty-five (25) percent of its total capital if a majority of voting stockholders voting of the respective Farm Credit bank or direct lender asso- ciation so approve.(ii) Farm Credit banks operating under title III of the Act.

  • Farm Credit banks and associa- tions must provide voting stockholders the opportunity to vote on the can- didates for each nominating committee position.

Related to Farm Credit banks

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Banks shall include the Agent in its individual capacity.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • CoBank means CoBank, ACB.

  • Deposit Bank means any of the banks holding one or more Deposit Accounts.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • Credit Facility Agent means the then acting Agent as defined in and under the Credit Facility or any successor thereto.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • New Credit Facility is defined in Section 9.8.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Blocked Account Banks means the banks with whom the Borrowers have entered into Blocked Account Agreements.

  • DIP Lender means a lender under the DIP Facility.

  • Domestic Loan Parties means the Domestic Guarantors.

  • Canadian Loan Parties means Borrower and the Canadian Guarantors.

  • Credit Agreement Secured Parties means the “Secured Parties” as defined in the Credit Agreement.

  • HSBC means HSBC Auto Finance, Inc., HSBC Auto Credit Inc., HSBC Auto Accounts Inc. and certain affiliates of such entities.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Deposit Account Control Agreement.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Bank is defined in the preamble hereof.

  • Local Facility Provider means HSBC Trinkaus & Xxxxxxxxx XX, Deutsche Bank AG, Commerzbank Aktiengesellschaft and Hong Kong and Shanghai Banking Corporation Ltd., Thailand, Bank of America, N.A., Canada Branch, FIA Card Services, N.A., Citibank N.A., Citibank (China) Co., Ltd., Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex, Bank of America, N.A., provided in each case it has become a party to, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its capacity as local facility provider.