Borrower Rights Sample Clauses

Borrower Rights. If any Lender demands payment with respect to amounts owed under Section 2.16(a) or (b), the Borrower shall have the right, if no Default or Event of Default has occurred and is then continuing, within ninety (90) days after receipt of such demand, to remove such Lender (the “Affected Person”) and to designate another lender (the “Replacement Person”) reasonably acceptable to the Administrative Agent to purchase the Affected Person’s outstanding Pro Rata Share of the Loans and to assume the Affected Person’s obligations under this Agreement; provided that increased costs incurred by such Lender prior to the date of its replacement shall have been paid as provided herein. The Affected Person agrees to sell to the Replacement Person its Pro Rata Share in the Loans (at par, with accrued interest through the date of purchase, in immediately available funds) and to delegate to the Replacement Person its obligations to the Borrower under this Agreement. Upon such sale and delegation by the Affected Person and the purchase and assumption by the Replacement Person, and compliance with the provisions of Section 10.6 hereof, the Affected Person shall cease to be a Lender hereunder and the Replacement Person shall become a Lender under this Agreement. Each Affected Person shall continue to be entitled to receive from the Borrower its share of interest, fees, costs and other sums which have not been assigned by the Affected Person to the Replacement Person.

Borrower Rights. When you take out a loan, you sign a promissory note. You must be given the opportunity to either print a copy or to obtain a paper copy of the promissory note. Once your loan is paid in full, you will be notified by your lender.

Borrower Rights. Borrower has read and understands the "Borrower Rights" set forth on Exhibit 3.19.

Borrower Rights. The Borrower is a Party solely for the purpose of acknowledging the priorities, rights and obligations recorded in this Deed. Except for its rights to receive Proceeds under and in accordance with the provisions of Clause 5.2 (Application of Proceeds) and Clause 5.7 (Indemnity payments), the Borrower does not have any rights under this Deed and no undertaking is given (or deemed to be given) to, or for the benefit of, the Borrower.

Borrower Rights. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, the rights and obligations of the Administrative Agent and the Loan Parties under this Agreement and the other Loan Documents (including those set forth in Article VIII) are subject to the Farm Credit Act of 1971 and the rules and regulations promulgated thereunder (including the borrower rights set forth in 12 CFR § 617 (the “Borrower Rights”)), as the same may be amended or supplemented from time to time. The Administrative Agent has provided a written summary description of the Borrower Rights to the Borrower and the Lenders prior to the Closing Date and, upon request, will provide the same summary description to any Lender becoming a party hereto after the Closing Date.

Borrower Rights. 1. At loan closing, Borrower shall receive copies of Loan Documents signed by Borrower. Upon request thereafter Borrower is entitled to copies of documents signed or delivered by Borrower, copies of Lender's, or the Lender's parent association's, charter and by laws, as applicable, and copies of Lender's appraisals of the collateral. 2. If the Loans have an adjustable or variable interest rate, Borrower will be notified in writing of any change in interest rate. The notice will be given not later than any deadline date required by regulations promulgated by the Farm Credit Administration. 3. If Borrower's Loans are in a differential interest rate program, Borrower may request that Lender review the Loans to verify that the proper interest rate category has been assigned, and also to explain in writing to Borrower the basis for the interest rate charged and how the credit status of the Borrower may be improved to receive a lower interest rate on the Loans. 4. If Lender places Borrower's Loans in nonaccrual status and such action results in an adverse action being taken against Borrower (such as revocation of any undisbursed loan commitment), the Lender shall notify Borrower in writing of such change in status and the reasons therefore. If Borrower was not delinquent in any payments under the Loans at the time and Borrower's request to have the Loans reinstated to accrual status is denied, Borrower may obtain a review of such denial before the Lender's credit review committee. 5. Lender may not commence foreclosure or other legal action against any collateral securing the Loans unless at least 45 days before such commencement Lender has provided Borrower with a copy of Lender's restructuring policy and forms on which Borrower may submit a request for restructuring. If Borrower's request for restructuring is denied, Borrower may appeal the denial to Lender's credit review committee, and may also obtain an independent appraisal of any collateral (at Borrower's expense) for consideration by the credit review committee.

Borrower Rights. If a cancellation of the loan occurs, the borrower has the right to a refund of the finder’s fee.

Borrower Rights. Notwithstanding any other provision of this Agreement, at any time while (a) no Default or Event of Default is in existence, and (b) there are no Loans or L/C Obligations outstanding under this Agreement, to the extent ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA remains a Lender under this Agreement, the Borrower shall have the right to (i) require ▇▇▇▇▇▇▇ Sachs Bank USA to assign its Commitment hereunder at par to a willing Eligible Assignee, or (ii) terminate solely the Commitment of ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, with such termination having no impact on the remaining Commitments of the other Lenders hereunder. Any such action taken hereunder by the Borrower shall be at no out of pocket cost to ▇▇▇▇▇▇▇ Sachs Bank USA, and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA shall be paid all accrued interest and any other amounts due to ▇▇▇▇▇▇▇ Sachs Bank USA hereunder upon any such assignment or termination hereunder.