Credit Committee. At the credit committee meeting held on it was resolved that this application be: Approved for Kshs. Receivable in Months Rejected because
Credit Committee. We have today examined the above loan application in conjunction with the above remarks and have dec ided as follows:
Credit Committee. The Credit Committee shall (i) have binding power to establish the limits and procedures of the credit policy of the Chilean Bank and its Subsidiaries and the power to establish approval exceptions for financial decisions exceeding certain thresholds (to be defined by the Credit Committee) and (ii) shall impose a binding framework with upper limits on credit exposures attached as Exhibit F hereto beyond which the approval of Itaú Parent will be required. Itaú Parent shall respond to any such requests for its approval within seven (7) Business Days; provided that if during such period Itaú Parent responds with a request for additional information, it shall have seven (7) Business Days following the receipt of such information to respond to the request for its approval. If no denial from Itaú Parent is received within such seven (7) Business Day period, the relevant request shall be deemed approved. Itaú Parent and Corp Group Parent agree to cause, and to cause the Companies to, cause the relevant Credit Committee to be (x) comprised of five (5) members of which Itaú Parent shall be entitled to appoint three (3) members, and Corp Group Parent shall be entitled to appoint two (2) members, all of whom shall be local executives or Directors of the relevant Board and (y) headed by a local executive officer or Director to be recommended by the CEO of the Chilean Bank or its relevant Subsidiary, as applicable.
Credit Committee. The Initial Noteholders shall have received final investment or credit committee approval.
Credit Committee. The Credit Committee shall consist of the President and at least four other members. The President may appoint additional members to the Credit Committee at their discretion. The current Credit Committee members are: President, AFC Chief Operating Officer, AFC VP of Finance, AFC Director of Credit Services, AFC Vice President of Operations, AFC Vice President of Legal, Collections, & Special Operations, AFC Specific functions and duties of the Credit Committee: • Approve loans in excess of [*] • Monitor compliance with this policy and related procedures • Recommend changes to this policy as necessary
Credit Committee. Credit Committee” means a committee established by Originator's Board of Directors which will consist of one representative from each Participating Financial Institution and existing members of the Loan Committee of [CDFI].
Credit Committee. Loan approved, Kshs. ------------------------------recovered in Installments, at an interest rate of one per cent per month on a reducing balance. Indicate the reason for deferral or rejection Chairman credit committee Name Signature Date
Credit Committee. Loan approved Kshs………………………………recoverable in Months Reasons for rejection/ Deferment…………………………………………………….......………….
1. Chairman’s signature……………………………………..Date………….………..….......…….
2. Member ………………………………………………….Date………….………….........……..
3. Member ………………………………………………….Date……………………........…..…..
Credit Committee. (1) The Board shall appoint a Credit Committee consisting of the Executive Committee of FAN to review all financing applications and advise the Board as to whether the Board should grant financing assistance to applicants for financing or refinancing of capital improvements that serve the public interest. The chair and vice chair of the FAN Executive Committee shall be the chair and vice chair, respectively, of the Credit Committee. In the event the Executive Committee of FAN notifies the Board that it no longer wishes to serve as the Credit Committee to the Board, the Board may appoint a successor Credit Committee and its chair and vice chair.
(2) The date, hour and place of each regular Credit Committee meeting shall be fixed by resolution of the Credit Committee. Special meetings of the Credit Committee may be called by the chair or the vice chair of the Credit Committee on the date and at the hour and place fixed by notice to all of the members of the Credit Committee. All regular and special meetings of the Credit Committee shall be called, noticed, held and conducted subject to the provisions of the Xxxxx Act. The Credit Committee shall cause minutes of all meetings of the Credit Committee to be kept and shall, as soon as practicable after each meeting, cause a copy of the minutes to be forwarded to each member of the Credit Committee, the officers of the Authority and ABAG and FAN.
Credit Committee. (a) Each Class A Member shall designate two (2) persons to serve on a five (5) person Credit Committee (the "Credit Committee"). The fifth member of the Credit Committee shall be the Head Loan Officer, who shall serve as a non-voting member thereof and shall, as a result, not be entitled vote upon any matter to be approved or determined, or any action to be taken, by the Credit Committee hereunder. In the event that a New Member is admitted to the Company in accordance with the terms of this Agreement as a Transferee of all, but not less than all, of the Class A Interest of a Class A Member that has the right to appoint one or more representatives to the Credit Committee as described in the proceeding sentence, such new Class A Member shall acquire the same right to appoint such representatives. The Credit Committee is hereby designated to review and approve all new Investments and material amendments to existing Investments. Except as set forth in Section 6.1(a), any action of the Credit Committee shall be authorized by the unanimous vote of the members of the Credit Committee present and voting at a duly constituted meeting thereof at which a quorum is present. The presence of at least one (1) person designated by each of the Class A Members (other than any such Class A Member whose management participation rights have been suspended in accordance with Section 4.1(c)) shall constitute a quorum of the Credit Committee for the transaction of any business. The Credit Committee shall meet weekly, but may meet more frequently, to the extent determined by the Credit Committee in its reasonable discretion.
(b) All proposals for Senior Loan Financings and Special Situation Financings, and all material modifications or amendments of any existing Investments (collectively "Financing Opportunities") shall be presented to the Credit Committee by the Head Loan Officer or another senior Officer of the Company to whom such function shall have been delegated by the Head Loan Officer. Each such proposal shall be subject to approval or disapproval by vote of the representatives then sitting on the Credit Committee. If in any three (3) month period after the Closing Date, the votes cast by the representative(s) of one Class A Member (the "Disapproving Member") to disapprove Financing Opportunities in circumstances when the representative(s) of the other Class A Member (the "Approving Member") shall have voted to approve such Financing Opportunities shall have resulted in t...
