We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Credit Corp Sample Clauses

Credit Corp has the power and authority to execute and deliver this Agreement and its Related Documents and to carry out its terms and their terms, respectively; Credit Corp. has full power and authority to sell and assign the Contracts to be sold and assigned to and deposited with Antigua hereunder and has duly authorized such sale and assignment to Antigua by all necessary corporate action; and the execution, delivery and performance of this Agreement and all of Credit Corp.'s Related Documents have been duly authorized by Credit Corp. by all necessary corporate action.
AutoNDA by SimpleDocs
Credit Corp. By: -------------------------------- Name: Title: AICCO, INC. By: -------------------------------- Name: Title: IMPERIAL PREMIUM FINANCE, INC., a Delaware Corporation By: -------------------------------- Name: Title: IMPERIAL PREMIUM FINANCE, INC., a California Corporation By: -------------------------------- Name: Title: IMPERIAL PREMIUM FUNDING, INC., a Delaware Corporation By: -------------------------------- Name: Title: EXHIBIT F LETTER AGREEMENT As of November 8, 1999 Bank One, National Association, as Trustee 1 Bank One Plaza Suite IL1-0126 Chicago, IL 60670-0126 Xx: Xxxxxxx Xxxxxxxxx Xxxx Xxxx: This letter shall confirm the undersigned's agreement with respect to certain matters relating to (a) the Sale and Servicing Agreement dated as of November 8, 1999, as amended or supplemented from time to time (the "Sale and Servicing Agreement"), among AIG Credit Premium Finance Master Trust, as issuer (the "Issuer"), Chase Manhattan Bank Delaware, as owner trustee of the Issuer, A.I. Receivables Transfer Corp. ("ART"), as seller, Bank One, National Association, as indenture trustee (the "Trustee"), A.I. Credit Corp. ("AIC"), as a servicer, AICCO, Inc. ("AICCO"), as a servicer, Imperial Premium Finance, Inc. ("IP Finance I"), as a servicer, Imperial Premium Finance, Inc., ("IP Finance II"), as a servicer, and Imperial Premium Funding Inc. ("IP Funding"), as a servicer and (b) the Support Agreement dated as of November 8, 1999 (the "Support Agreement") among ART, AIC, AICCO, IP Finance I, IP Finance II, IP Funding and the undersigned. Capitalized terms used herein, but not defined herein, shall have the meanings ascribed to them in the Base Indenture, dated as of November 8, 1999 ("Base Indenture") between the Issuer and the Trustee. In consideration of the Trustee's acquiring the Trust Estate on behalf of the Noteholders, the undersigned hereby agrees for the benefit of the Trustee on behalf of the Noteholders:
Credit Corp. By: ------------------------------------- Name: Title:
Credit Corp as Seller By: ---------------------------------- Name: Title: AICCO, Inc., as Seller By: ---------------------------------- Name: Title: A. I. RECEIVABLES CORP., as Purchaser By: ---------------------------------- Name: Title: EXHIBIT A FORM OF ADDITIONAL CONVEYANCE (As required by Section 2.2 of the Receivables Sale Agreement) ADDITIONAL CONVEYANCE NO. __________ dated as of ____________, ______, by and between A.I. Credit Corp., a New Hampshire corporation ("AIC"), as a seller (a "Seller"), AICCO, Inc., a California corporation ("AICCO"), as a Seller (a "Seller"), and A.I. Receivables Corp., a Delaware corporation, as purchaser ("Purchaser"), pursuant to the Receivables Sale Agreement referred to below.
Credit Corp. 243 S.W.2d at 157. , Decided March 9, 2012. Writ conditionally granted.
Credit Corp and the Borrower acknowledge and agree that: 1. The Agreement is amended by adding the following as Section 3 e): “The Borrower acknowledges that Credit Corp. will not make an Advance against the Collateral in amounts equal to the fair market or par value of the Collateral unless the Borrower arranges for another person or entity to provide additional collateral or assurances on terms and conditions satisfactory to Credit Corp. In requesting an Approved Amount equal to the par value of the Collateral, the Borrower has arranged for UBS Financial Services Inc. to provide, directly or through a third party, the pledge of additional collateral and/or assurances to Credit Corp. so that Credit Corp. will consider making Advances from time to time in accordance with the terms of this Agreement and in amounts equal to, in the aggregate, the par value of the Collateral at the date of an Advance. In addition, the Borrower, Credit Corp. and UBS Financial Services Inc. acknowledge and agree that if (a) Credit Corp. is repaid all of the Credit Line Obligations due to Credit Corp. under the Agreement and this Addendum and (b) as part of such repayment, Credit Corp. realizes on the additional collateral and/or assurances pledged or otherwise provided by UBS Financial Services and/or any such third party to Credit Corp., then the Agreement shall not terminate and Credit Corp. shall automatically assign to UBS Financial Services Inc. and any such third party, and UBS Financial Services Inc. and any such third party shall automatically assume and be subrogated to, all of Credit Corp.’s rights, claims and interest in and under the Agreement and this Addendum, including without limitation, the security interest in the Collateral granted Credit Corp.’s under the Agreement and this Addendum (further including, without limitation, interest, dividends, distributions, premiums, other income and payments received in respect of any Collateral) to the extent of the amount that Credit Corp. has realized on all or any part of the additional collateral and/or assurances pledged or otherwise provided by UBS Financial Services and/or any such third party to Credit Corp. in order to effect the repayment of the Credit Line Obligations due to Credit Corp. under the Agreement. Upon such automatic assignment and subrogation, UBS Financial Services Inc. and any such third party shall be entitled to directly exercise any and all rights and remedies afforded Credit Corp. under the Agreement, this...
AutoNDA by SimpleDocs
Credit Corp. Creditor agrees not to ask for, demand, xxx for, take or receive any payments with respect to all or any part of the Junior Debt or any security therefor, unless and until all of the Senior Debt have been paid and performed in full, except that if no default or event of default and no event which, with notice or passage of time or both, would constitute a default or event of default, has occurred under any documents or instruments evidencing or relating to the Senior Debt, both before and after giving effect to the following payments, then intercompany trading obligations and other regularly scheduled payments with respect to the Junior Debt may be made in the ordinary course of business; provided, further, that non-cash accruals in respect of the Junior Debt may be reflected in the respective books and records of Obligor and Creditor irrespective of the existence of any such default or event of default.
Credit Corp and the Borrower acknowledge and agree that Credit Corp. shall be entitled to determine or adjust, at any time and from time to time, the interest rate payable by the Borrower to Credit Corp. on all or any part of the outstanding Variable Rate Advances to reflect any changes in the composition of the ARS Collateral, to address any inability to determine interest rates, or for any other reason that, in Credit Corp.'s sole and absolute discretion, is necessary to give effect to the intent of the provisions of this Agreement, including, without limitation, this Section 4 (it being acknowledged and agreed that the provisions of this Section 4 are intended to cause the interest payable by the Borrower under this Agreement to equal the interest or dividend rate payable to the Borrower by the issuer of any ARS Collateral) and any and all such adjustments by Credit Corp. hereunder shall be conclusive and binding on Credit Corp. and the Borrower absent manifest error.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!