Common use of Lender Stock Clause in Contracts

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.

Appears in 1 contract

Sources: Loan Agreement (Alico Inc)

Lender Stock. On or before the Closing Date, Borrower Borrowers 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.

Appears in 1 contract

Sources: Loan Agreement (Atlantic Blue Group, Inc.)

Lender Stock. On or before the Closing Date, Borrower Borrowers 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.

Appears in 1 contract

Sources: Loan Agreement (Atlantic Blue Group, Inc.)

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.

Appears in 1 contract

Sources: Loan Agreement (Alico Inc)