Lender Stock Sample Clauses
Lender Stock. On or before the Closing Date, Borrower shall own stock in Farm Credit of Southwest Florida, ACA in an amount equal to $1,000.00. Such stock is at risk and is retireable only at the discretion of Lender’s board of directors and in accordance with Lender’s bylaws.
Lender Stock. Borrower agrees to own or purchase if necessary, such stock in Farm Credit Services of America, ACA, as is from time to time required by Lead Lender’s policies and bylaws. Capitalization requirements are met by stock owned by Golden Grain Energy, LLC. That ▇▇▇▇ ▇▇▇▇▇▇▇▇ is the authorized voter on behalf of the owner(s) of voting stock.
Lender Stock. Borrower agrees to own or purchase if necessary, such stock in Farm Credit Services of America, ACA as is required by Lender’s policies and bylaws. Borrower purchasing such stock shall do so by executing the Farm Credit Services of America, ACA Stock Purchase Agreement.
Lender Stock. As of the Closing Date, Borrowers owned stock in Lender and shall continue to own such stock during the term of this Consolidating Loan Agreement in an amount equal to $1,000.00. Such stock is at risk and is retireable only at the discretion of Lender's board of directors and in accordance with Lender's bylaws.