Floorplan Documents Sample Clauses

Floorplan Documents. 13 3.3. Revolving Credit Loans............................................13 3.3.1. Eligible Accounts........................................13 3.3.2. Eligible New Inventory...................................14 3.3.3. Eligible Rental Inventory................................14 3.3.4. Eligible Used Inventory..................................14 3.3.5. Eligible Parts...........................................14 3.4. Swingline Advances................................................14 3.5. Mandatory Prepayment..............................................15 3.6. Interest; Calculation of Charges; Fees............................15 3.6.1. Interest; Calculation....................................15 3.7.
AutoNDA by SimpleDocs
Floorplan Documents. Notwithstanding anything contained herein or in any other Loan Document to the contrary, at no time shall Borrower or any Lender (or any Person acting on behalf of Borrower or a Lender) have a right to obtain, review, or receive originals or copies or summaries (regardless of medium of storage) of any of the Floorplan Documents. Borrower and each Lender agrees that, in the event that Borrower or such Lender shall receive a copy or summary of any Floorplan Document in contravention to this Section, it shall promptly upon receipt thereof, without making any copy or summary of any such Floorplan Document, forward such Floorplan Document to Administrative Agent with a statement from an officer of Borrower or such Lender, as appropriate, stating (i) that Borrower's or such Lender, as appropriate, has not retained any copy or summary of any such Floorplan Document, and (ii) the facts surrounding Borrower or such Lender's, as appropriate, receipt of any such Floorplan Document. This Section shall not apply to a Lender while such Lender is also the Administrative Agent.

Related to Floorplan Documents

  • Required Loan Documents The Collateral Custodian will not dispose of any documents constituting the Required Loan Documents in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any Collateral Portfolio except as contemplated by this Agreement.

  • Loan Documents, etc Each of the Loan Documents shall have been duly executed and delivered by the respective parties thereto, shall be in full force and effect and shall be in form and substance satisfactory to each of the Lenders. Each Lender shall have received a fully executed copy of each such document.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • Mortgage Loan Documents 2. Residential loan application.

  • Facility Documents Terminate, amend or otherwise modify any Facility Document or the Master Agency Agreement, or grant any waiver or consent thereunder, except in accordance with the terms thereof.

  • Loan Documentation The documentation (“Loan Documentation”) governing or relating to the material loan and credit-related assets (“Loan Assets”) included in the loan portfolio of the Seller Subsidiaries is legally sufficient for the purposes intended thereby and creates enforceable rights of the Seller Subsidiaries in accordance in all material respects with the terms of such Loan Documentation, subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other similar laws relating to or affecting the enforcement of creditors’ rights generally, by general equitable principles (regardless of whether enforceability is considered in a proceeding in equity or at law) and by an implied covenant of good faith and fair dealing, except for such insufficiencies as would not have a material adverse effect on Seller. Except as set forth in Section 3.01(j) of the Seller Disclosure Schedule, no debtor under any of the Loan Documentation has asserted as of the date hereof any claim or defense with respect to the subject matter thereof, which claim or defense, if determined adversely to Seller, would have a material adverse effect on Seller. All loans and extensions of credit that have been made by the Seller Subsidiaries comply in all material respects with applicable regulatory limitations and procedures.

  • Loan Documents Borrower shall provide to Lender the following documents for the Loan: (1) the Note; (2) Security Agreements granting to Lender security interests in the Collateral; (3) financing statements and all other documents perfecting Lender's Security Interests; (4) evidence of insurance as required below; (5) together with all such Related Documents as Lender may require for the Loan; all in form and substance satisfactory to Lender and Lender's counsel.

  • Modifications to Loan Documents Except as otherwise provided in Section 9.02(b) or 9.02(c) with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral security, agree to additional obligations being secured by all or substantially all of such collateral security, or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrative Agent is hereby authorized, to release any Lien covering property that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented.

  • Correction of Loan Documents Bank may correct patent errors and fill in any blanks in the Loan Documents consistent with the agreement of the parties.

  • Amendments to Loan Documents Upon any such assignment, the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment.

Time is Money Join Law Insider Premium to draft better contracts faster.