Branch Loans Sample Clauses

Branch Loans. The following representations are made with respect to the Branch Loans: (a) None of the Branch Loans were made or administered in violation of any law, regulation or ordinance, including without limitation, the South Carolina Consumer Protection Code, the Federal Truth-in-Lending Act and all regulations promulgated thereunder, and all applicable consumer credit or usury laws of any applicable jurisdiction, such that its enforceability or the benefits inuring to the Purchaser thereunder would be impaired in any material respect. (b) Each of the Loans (i) is a valid and binding obligation of each obligor, maker, co-maker, guarantor, endorser or debtor (such persons hereinafter collectively referred to as "Obligors") thereof or thereunder and is evidenced by valid and binding promissory notes and, as the case may be, instruments of security executed by the respective Obligors, each of whom at the time of such execution had capacity to contract and each of whose signatures on such instruments is such person's true signature, (ii) is enforceable in accordance with its terms (except for applicable bankruptcy or similar laws affecting the enforcement of creditors rights generally), and no Obligor with respect to any of the Loans has or will have any right of defense, setoff or counterclaim against Seller, and (iii) is free from any events of default thereunder by Seller which impair collectibility.
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Branch Loans. In connection with the transfer of the Branch ------------ Loans, Seller and Buyer agree as follows: (a) The parties will cooperate and use their best efforts to cause Buyer to become the beneficiary of credit life, accident and health, vendor's single interest premium or similar insurance purchased by or on behalf of such customer on the Branch Loans but excluding any lines of credit. For the duration of such insurance, Seller and Buyer agree to cooperate in good faith to develop a mutually satisfactory method by which the issuer of such insurance will make rebate payments to and satisfy claims of the holders of such certificates of insurance after the Closing Date. (b) Each of Buyer and Seller will use their best efforts to comply with all notice and reporting requirements of the loan documents or of any law or regulation with respect to the transfer of such loans. (c) Within thirty (30) days after the Closing Date, Buyer will, at its expense, issue new coupon books or similar payment notices for payment of Branch Loans with instructions to use Buyer's coupons or statements and to destroy unused coupons furnished by Seller. (d) For a period of sixty (60) days after the Closing Date, within five (5) Business Days after receipt by Seller of any check or money order made payable to Seller representing payment on a Branch Loan, Seller shall issue and forward a cashier's check made payable to Buyer or wire transfer to the benefit of Buyer in the amount of such item, and forward the item for collection. If the item is returned unpaid, however, Seller shall promptly notify Buyer of such item's return and shall forward the original of such item to Buyer. Within three (3) Business Days after receipt of such returned item, Buyer shall issue and forward a cashier's check or wire transfer to Seller in the amount of such item, and Buyer shall be responsible for any further efforts to collect such item. (e) If the balance due on any Branch Loan has been reduced by Seller as a result of a payment by check received prior to the Closing Date, which item is returned after the Closing Date, the asset value representing the Branch Loan transferred shall be correspondingly increased and an amount in cash equal to such increase shall be paid by Buyer to Seller promptly upon demand. In such event, Buyer shall issue and forward a cashier's check or wire to Seller in the amount of such item, and Buyer shall be responsible for any further efforts to collect such item.
Sample 1
Branch Loans. All right, title and interest in and to all those loans, including accrued but unpaid interest thereon through the Closing Date attributable to the Branch (the "Branch Loans"), which (i) are set forth on Schedule 1.02(f); provided however, that the Branch Loans shall not include any loan set forth on Schedule 1.02
Sample 1
Branch Loans. (i) To the knowledge of Seller, each of the Branch Loans represents a valid and legally enforceable obligation of the borrower(s) identified in the loan agreement subject to (A) applicable bankruptcy, insolvency, reorganization, moratorium, and similar debtor relief laws, (B) general principles of equity and (C) the unenforceability of remedial provisions related to the Branch Loans that do not make the rights or remedies provided therein inadequate to realize the benefits afforded thereby. (ii) Each of the Branch Loans has been made and documented in conformity in all material respects with all applicable federal, state and local laws, regulations and rules. (iii) To the knowledge of Seller, none of the Branch Loans is (A) subject to any borrower bankruptcy proceedings, or (B) except as set forth on Schedule 3.01(q)(iii), is in default or past due. (iv) Seller has complied in all material respects with all of its obligations under the loan documents with respect to the Branch Loans. (v) There are no valid claims or defenses with respect to any Branch Loan that can be asserted against Seller. (vi) The files and other materials related to the Branch Loans transferred pursuant hereto are true and correct in all material respects and accurately reflect the facts stated therein; provided that, with respect to information furnished by persons other than Seller and its affiliates, this representation shall be to the knowledge of Seller. Attached hereto as Schedule 1.02
Sample 1
Branch Loans. Except for the loans listed in Schedule E and any loans refused or rejected by Buyer at Closing (the "Non-Branch Loans"), all of Seller's right, title and interest in and to all those loans which, as of the close of business on the Closing Date, are (i) secured in whole or in part by Deposit Accounts (as hereinafter defined) attributable or assigned to a Branch (the "Deposit Account Loans"), (ii) commercial or other loans attributable to a Branch and including the REIT loans (as defined in Section 2.01(i)) (the "Other Loans"), or (iii) automatically created as the result of an overdraft of a Deposit Account pursuant to a pre-applied overdraft protection program offered by Seller (the "Overdraft Loans"). The Deposit Account Loans, Other Loans, and Overdraft Loans sold and assigned to Buyer hereunder will be listed in Schedule F which will be updated as of the Closing Date (hereinafter referred to individually and collectively as the "Branch Loans"). Except as otherwise expressly provided herein, the transfer of the Branch Loans will be made without recourse, without any representation, warranty, or guarantee of any kind, express or implied, and without the allowance or reserve for loan losses reserved by Seller as of the Effective Date;
Sample 1
Branch Loans. Attached as Schedule F is a true and accurate schedule of all Branch Loans, including the REIT Loans, any letters of credit and loan commitments attributable to the Branches with accrued and unpaid interest thereon, computed as of May 31, 2003, which schedule shall identify the loan number, date, borrower name, loan amount, interest rate, loan balance, social security or employer identification number of the borrower and type of loan.
Sample 1

Related to Branch Loans

  • Committed Loans Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • Loans 3.1. On each Loan Subscription Date, not later than the time specified by Xxxxxx (such time to be posted to the TALF Website in advance of such Loan Subscription Date), each TALF Agent may submit to Lender, in the manner specified by Xxxxxx from time to time, a request for Loans on behalf of each Applicable Borrower proposing to borrow Loans on the next scheduled Loan Closing Date (each such request, a “Loan Request”). Each TALF Agent shall complete the Loan Request in accordance with instructions provided by Custodian from time to time, in the form attached hereto as Appendix 3A or, in the case of a Loan to be secured by CMBS Collateral, Appendix 3B. Lender shall promptly provide Custodian with the information contained in each such Loan Request. Notwithstanding the foregoing, a TALF Agent shall not be permitted to submit a Loan Request unless (x) it has previously delivered to Custodian a copy of the Letter of Agreement pursuant to which it became a party hereto and (y) in the case of a Loan to be secured by Newly Issued CMBS Collateral and with respect to each such Item of Newly Issued CMBS Collateral, the following documents shall have been delivered to Lender and Custodian at or before the stated times: (1) not later than 5:00 p.m. on the eighth Business Day before the applicable Loan Subscription Date, the Offering Materials (as defined below) (which may be in preliminary form to the extent Offering Materials in final form are not then available), (2) not later than 5:00 p.m. on the sixth Business Day prior to the applicable Loan Subscription Date, an AUP Report (TALF) and an AUP Report (Industry) relating to such Offering Materials and (3) not later than the Business Day after any supplement to such Offering Materials is furnished to prospective investors, each such supplement, together with an AUP Report (TALF) and an update to the earlier AUP Report (Industry); provided, that each such supplement and related AUP Report (TALF) and update to AUP Report (Industry) shall be delivered not later than 5:00

  • Bid Rate Loans The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Bid Loans The Company shall repay each Bid Loan on the last day of the Interest Period in respect thereof.

  • Existing Loans Schedule 2.3(j) lists, as of the date hereof, all (i) secured loans encumbering the Properties or any direct or indirect interest in the applicable Contributed Entity and (ii) any other indebtedness of any Contributed Entity or subsidiary (collectively, the “Disclosed Loans”) and the outstanding aggregate principal balance as of the date set forth on Schedule 2.3(j). To the Knowledge of Contributor, no monetary default (beyond applicable notice and cure periods) by any party exists under any of the Disclosed Loans and the documents entered into in connection therewith (collectively, the “Disclosed Loan Documents”) and no non-monetary default (beyond applicable notice and cure periods) by any party exists under any of the Disclosed Loan Documents.

  • Prime Rate Loans During such periods as the Term Loan shall be comprised of Prime Rate Loans, each such Prime Rate Loan shall bear interest at a per annum rate equal to the Prime Rate; and

  • Related Loans (a) Assuming Bank shall use its best efforts to determine which loans are “Related Loans”, as hereinafter defined. The Assuming Bank shall not manage, administer or collect any “Related Loan” in any manner that would have the effect of increasing the amount of any collections with respect to the Related Loan to the detriment of the Single Family Shared- Loss Loan to which such loan is related. A “Related Loan” means any loan or extension of credit held by the Assuming Bank at any time on or prior to the end of the Final Shared-Loss Month that is made to an Obligor of a Single Family Shared-Loss Loan.

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