Collection of Loans Sample Clauses

Collection of Loans. The Lender agrees to collect loans enrolled under the Alabama SSBCI Programs in a manner consistent with commercially reasonable and customary standards of collecting business loans not enrolled in the Program.
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Collection of Loans. The Participating Lender must agree to collect loans enrolled under the Navajo Loan Guarantee Program in compliance with all applicable provisions of State, federal and local law, and in a manner consistent with commercially reasonable and customary standards of collecting business loans not enrolled in the Navajo Loan Guarantee Program. The Participating Lender must further covenant, acknowledge and agree that the Navajo Loan Guarantee Program serves as a deficiency guaranty (that is, a limited guaranty of collection and not of payment and performance); therefore, the Participating Lender must, in all cases, use its commercially reasonable efforts to initiate the liquidation of any and all collateral and/or security, commence assertion of any other rights of recovery, and seek performance of all third- party guarantees (if any) prior to making a claim for reimbursement by operation of the guaranty provided under the Navajo Loan Guarantee Program; provided, however, that nothing herein contained is intended, nor shall it be construed as requiring the Participating Lender to seek and/or receive a final judgment or otherwise take legal action to collect on any Enrolled Loan prior to seeking payment from the Navajo Loan Guarantee Program. Failure to comply with the provisions of this Attachment shall be, for all purposes, an immediate and non-curable event of default with respect to the Enrolled Loan for which a reimbursement is sought under the Navajo Loan Guarantee Program.
Collection of Loans. (i) BANK hereby authorizes DOLLAR, and DOLLAR agrees, to service the Loans by, among other things, (1) using its commercially reasonable efforts to collect payments on the Loans at and after maturity thereof on behalf of BANK; (2) accurately recording and reporting the payments of funds from Borrowers; and (3) making prompt remittance to and settlement with BANK. In collecting payments owed under the Notes, DOLLAR shall [* * *] DOLLAR shall not, explicitly or implicitly, make any threats of criminal prosecution in connection with debt collection, or otherwise engage in any practices that violate any applicable Law [* * *]. DOLLAR and its subsidiaries are expressly authorized to collect defaulted Loans in accordance with BANK's procedure manual (as reasonably modified by BANK from time to time), a copy of which has been exhibited to DOLLAR. (ii) [* * *]. (iii) DOLLAR shall use commercially reasonable efforts to service the Loans at all times in accordance with the terms of the Note and the Disclosures and the BANK Policies. BANK shall notify DOLLAR in writing at least ten (10) days prior to any change in the BANK Policies, unless such changes are required sooner by applicable Law. (iv) On each day DOLLAR operates its stores for regular business, DOLLAR shall deposit and transfer from its stores to a BANK account designated by BANK (the "BANK Deposit Account") (A) all cash and electronic remittances received from Borrowers representing repayment of Loans and (B) all Customer Checks held by DOLLAR with respect to Loans as to which repayment was not otherwise received on or before the due date (subject to such delay in deposit, as DOLLAR may reasonably accommodate in accordance with the written practices and policies of BANK to secure repayment in cash from the Borrower).

Related to Collection of Loans

  • Servicing of Loans The servicing, administering and collection of the Loans shall be conducted by the Servicer then authorized to act as such under the Sale and Servicing Agreement.

  • Disbursement of Loans Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower on the date of such Borrowing as instructed by the Borrower.

  • Termination of Loans In addition to BTC’s authority to terminate a loan of Securities pursuant to the terms of the applicable Securities Lending Agreement as described in Section 2.4 above, BTC shall terminate any Securities loan to a Borrower in accordance with the applicable Securities Lending Agreement promptly: (a) upon receipt by BTC of Oral Instructions or Written Instructions instructing it to terminate a Securities loan; provided that the Company may require that each Security must be returned to the Fund by no later than the date which is the standard settlement date for trades of such Security entered into on the date such Oral Instruction or Written Instruction is received by BTC; (b) upon receipt by BTC of Oral Instructions or Written Instructions pursuant to the Securities Lending Guidelines to no longer lend to a particular Borrower; (c) upon receipt of written notice from the Company terminating this Agreement with respect to one or more Funds in accordance with Section 6; or (d) as contemplated by the Securities Lending Guidelines.

  • Prepayment of Loans (a) The Borrower shall have the right at any time and from time to time up to 3:00 p.m., New York City time on any Business Day to prepay any Loan in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section; provided that interest will accrue on such amount being prepaid until the next business day if such payment is received after 3:00 p.m., New York City time. (b) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan or an Uncommitted Swingline Loan, the Swingline Lenders or the applicable Uncommitted Swingline Lenders, as the case may be) by telephone (confirmed by electronic communication or facsimile) of any prepayment hereunder not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Revolving Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13.

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Prepayments of Loans Other than in respect of Swingline Loans, the repayment of which is governed pursuant to Section 2.02(b), subject to Section 2.12, the Borrower may (i) upon at least one (1) Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing or (ii) upon at least three (3) Business Days’ notice to the Administrative Agent, prepay any Euro-Dollar Borrowing, in each case in whole at any time, or from time to time in part in amounts aggregating $10,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders included in such Borrowing.

  • Allocation of Loan Amounts The Loan is allocated in a single withdrawal tranche, from which the Borrower may make withdrawals of the Loan proceeds. The allocation of the amounts of the Loan to this end is set out in the table below: Allocations Amount of the Loan Allocated (expressed in Dollars) Single Withdrawal Tranche 260,000,000 Fee payable pursuant to Section 2.04 of this Agreement TOTAL AMOUNT 260,000,000

  • Acceleration of Loans Declare the unpaid principal of and any accrued interest in respect of all Loans, any reimbursement obligations arising from drawings under Letters of Credit and any and all other indebtedness or obligations of any and every kind owing by a Credit Party to any of the Lenders hereunder to be due whereupon the same shall be immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Credit Parties.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

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