Dealing with the Commodities Sample Clauses

Dealing with the Commodities a) The Borrower shall not, without previous permission in writing of the Bank, sell or otherwise part with the possession/ownership of the commodities. Where with such permission of the Bank the commodities is sold or disposed off by the Borrower, the value of such produce sold shall be paid forthwith to the Bank towards repayment of the Facility. b) It shall be the duty of the Borrower to safeguard and diligently manage the commodities and do everything that is necessary to preserve, protect and maintain the quality of the commodities Whenever required by the Bank, the Borrower shall do everything necessary for transferring to and effectively vesting in the Bank or any of its officers or nominees titled to the commodities. The Borrower shall keep the Bank informed of the true condition of the commodities. c) The Borrower hereby expressly undertakes to hold the commodities in trust for and as agent of the Bank until full repayment of all the balance due to the Bank including interest, cost and expenses of the bank. The Borrower(s) further agrees to deal with and dispose of the Commodities in the manner instructed by and under the supervision and control of the Bank, its agents, officers or nominees. d) The Borrower shall insure/ensure insurance of the commodities as may be required by the Bank against loss or damage by fire and other risks as may be required by the Bank and shall bear all costs, expenses, charges, levies, taxes, fees etc. payable in connection with the commodities, their storage in the warehouse/godown, insurance thereof, provision of security and/or the taking of any action for protection/preservation thereof, protection of the Bank’s interest therein, as also all costs, expenses and charges payable in connection with the enforcement of the commodities and sale thereof. In the event the Bank is required to pay any amounts in this regard the same shall form part of the Balance due to the Bank and the borrower(s) shall promptly reimburse the said amounts to the Bank on receipt of notice in this regard. Any such insurance shall be in the name of the Bank/ assigned to the Bank as required by the Bank. It shall be also lawful for but not obligatory upon the Bank to insure the commodities by debit to the Borrower's account. The proceeds of any such insurance shall, at the discretion of the Bank either applied towards replacement of the commodities or towards the satisfaction of the balance due to the Bank. e) The Borrower hereby declares and co...
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Dealing with the Commodities. The Borrower shall not, without previous permission in writing of the Bank, sell or otherwise part with the possession/ownership of the commodities. Where with such permission of the Bank the commodities is sold or disposed off by the Borrower, the value of such produce sold shall be paid forthwith to the Bank towards repayment of the Facility.
Sample 1

Related to Dealing with the Commodities

  • Trustee Dealings with the Company Subject to certain limitations set forth in the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

  • Relationships with the Company Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of the equity securities of the undersigned) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years.

  • Filings with the Commission The Company will: (i) prepare and file the Final Prospectus (in a form approved by the Underwriter and containing the Rule 430A Information) with the Commission in accordance with and within the time periods specified by Rules 424(b) and 430A under the Securities Act; (ii) file any Issuer Free Writing Prospectus with the Commission to the extent required by Rule 433 under the Securities Act; and (iii) file with the Commission such reports as may be required by Rule 463 under the Securities Act.

  • Service with the Company During the Term of this Agreement, Executive agrees to perform such executive employment duties as the Board or the President shall reasonably assign to him from time to time.

  • Filings with the NYSE The Company will timely file with the NYSE all material documents and notices required by the NYSE of companies that have or will issue securities that are traded on the NYSE.

  • Dealing with the Company and Others The Holders, without releasing, discharging, limiting or otherwise affecting in whole or in part the obligations and liabilities of any Guarantor hereunder and without the consent of or notice to any Guarantor, may: (a) grant time, renewals, extensions, compromises, concessions, waivers, releases, discharges and other indulgences to the Company or any other Person; (b) take or abstain from taking security or collateral from the Company or from perfecting security or collateral from the Company; (c) release, discharge, compromise, realize, enforce or otherwise deal with or do any act or thing in respect of (with or without consideration) any and all collateral, mortgages or other security given by the Company or any third party with respect to the Obligations; (d) accept compromises or arrangements from the Company; (e) apply all monies at any time received from the Company or from any security to such part of the Obligations as the Holders may see fit or change any such application in whole or in part from time to time as the Holders may see fit; and (f) otherwise deal with, or waive or modify their right to deal with, the Company and all other Persons and any security as the Holders or the Trustee may see fit.

  • Business with the Group The Agent and the Arranger may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Group.

  • AFFILIATIONS WITH THE OBLIGOR If the obligor is an affiliate of the trustee, describe each affiliation: Based upon an examination of the books and records of the trustee and upon information furnished by the obligor, the obligor is not an affiliate of the trustee.

  • Trustee Dealings with the Issuer The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Issuer or its Affiliates and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee.

  • Trustee Dealings with the Issuers The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Issuers or their Affiliates and may otherwise deal with the Issuers or their Affiliates with the same rights it would have if it were not Trustee.

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