LENDER’S ACCEPTANCE Sample Clauses

LENDER’S ACCEPTANCE. This Agreement is accepted by Lender on this day 28th of July, 2009, and is now a binding contract between Applicant and Lender. TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA By: /s/ Xxxxxxx X. Xxxx Name: Xxxxxxx X. Xxxx Title: Director
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LENDER’S ACCEPTANCE. The foregoing Revolving Note a Credit Agreement Modification Agreement is hereby agreed to and acknowledged this 26 day of February, 2015 FIRST MERCHANT BANK, N.A. By: /s/ Xxxxx Xxxxxxxx Xxxxx Xxxxxxxx, Relationship Manager REVOLVING NOTE MODIFICATION AGREEMENT This Revolving Note Modification Agreement {the "Agreement") is made and entered into effective as of May 15, 2017 (the "Agreement Date"), by and between INTERNATIONAL BALER CORPORATION, a Delaware corporation (the "Borrower"), and FIRST MERCHANTS BANK, an Indiana state-chartered banking institution f/k/a FIRST MERCHANTS BANK, NATIONAL ASSOCIATION (the "Lender").
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LENDER’S ACCEPTANCE. Lender shall have accepted the Property as a Primary Pledged Property, as evidenced by Lender’s execution of an Addendum to Loan Agreement, in the form of Exhibit “A” attached hereto. By Borrower’s execution of such Addendum, Borrower is representing and warranting to Lender that such Primary Pledged Property is qualified in all respects to be included in the Collateral Base as required hereunder, however, Lender’s execution of such Addendum does not waive any requirement or condition as contained in this Agreement for maintaining the eligibility of such Property as a Primary Pledged Property. No additional Property shall be submitted or approved as a Primary Pledged Property at any time after the Qualification Date. Borrower shall have also executed and delivered the Mortgage and such other Loan Documents as reasonably required by Lender to evidence and secure Advances to be made under the Collateral Base relating to the Primary Pledged Property, and shall have delivered the original Loan Documents to Lender.
Sample 1
LENDER’S ACCEPTANCE. Borrower shall execute and deliver the Mortgage and such other Loan Documents as reasonably required by Lender to evidence the pledge of the Supporting Pledged Property. Borrower shall have delivered the original Loan Documents to Lender.
Sample 1
LENDER’S ACCEPTANCE. The foregoing First Modification of Credit Agreement is hereby agreed to and acknowledged by Lenders and Agent on the date set forth by their respective signatures, but effective as of May 19, 2005. THE HUNTINGTON NATIONAL BANK, a national banking corporation, as Agent, as Lender and as Swing Line Bank By: (printed name and title) Date:_______________________________ U.S. BANK NATIONAL ASSOCIATION, a national banking association, as Lender By: (printed name and title) Date:________________________________ FIFTH THIRD BANK (CENTRAL INDIANA), a Michigan banking corporation, as Lender By: (printed name and title) Date:_________________________________
Sample 1
LENDER’S ACCEPTANCE. The foregoing Revolving Note and Credit Agreement Modification Agreement is hereby agreed to and acknowledged this day of December, 2014. FIRST MERCHANTS BANK, N.A. By: /s/ W. Xxxxx XxXxx, vp W. Xxxxx XxXxx, Vice President CORPORATE ACKNOWLEDGMENT STATE OF FLORIDA COUNT OF XXXXX On this 9th day of December, 2014, before me, the undersigned Notary Public, personally appeared Xxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx, of International Baler Corporation, and known to me to be authorized agents of the corporation that executed the foregoing instrument and acknowledged the foregoing instrument to be of free and voluntary act and deed of the corporation, by authority of its Bylaws or by resolution of its board of directors, for the uses and purposes therein mentioned, and on oath stated that they are authorized to execute the foregoing instrument and in fact executed the foregoing instrument on behalf of the corporation By: /s/ Xxxxx Xxxx Brow Residing at 0000 Xxxxxxxx Xxxxxx, Xxxxx Xxxx Brow Xxxxxxxxxxxx, XX 00000 Notary Public in and for the State of Florida My commission expires Mar 26, 2017 REVOLVING NOTE AND CREDIT AGREEMENT MODIFICATION AGREEMENT This Revolving Note and Credit Agreement Modification Agreement (the "Agreement") is made and entered into effective as of February 26, 2015 (the " Agreement Date"), by and between INTERNATIONAL BALER CORPORATlON , a Delaware corporation (the "Borrower"), and FIRST MERCHANTS BANK, NATIONAL ASSOCIATION, a national banking association (the "Lender").
Sample 1

Related to LENDER’S ACCEPTANCE

  • Bankers’ Acceptances (a) Subject to the terms and conditions of this Agreement, the Canadian Borrowers may request Borrowings of Canadian Revolving Credit Loans by presenting drafts for acceptance and purchase as B/As by the Canadian Lenders.

  • Lenders’ Participation in Letters of Credit Immediately upon the issuance by the Issuing Lender of any Letter of Credit each Lender shall be deemed to have irrevocably and unconditionally purchased and received from the Issuing Lender, without recourse or warranty, an undivided interest and participation to the extent of such Lender’s Commitment Percentage of the liability of the Issuing Lender with respect to such Letter of Credit and each Lender thereby shall absolutely, unconditionally and irrevocably assume, as primary obligor and not as surety, and shall be unconditionally obligated to the Issuing Lender to pay and discharge when due, such Lender’s Commitment Percentage of the Issuing Lender’s liability under such Letter of Credit. In addition, upon the making of each payment by a Lender to the Agent for the account of the Issuing Lender in respect of any Letter of Credit pursuant to Section 2.3(j), such Lender shall, automatically and without any further action on the part of the Agent, the Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to the Issuing Lender by the Borrower in respect of such Letter of Credit and (ii) a participation in a percentage equal to such Lender’s Commitment Percentage in any interest or other amounts payable by the Borrower in respect of such Reimbursement Obligation (other than the Fees payable to the Issuing Lender pursuant to Section 3.6(b)(ii)).

  • Deemed Acceptance You are required to accept the terms and conditions set forth in this Agreement prior to the first vest date in order for you to receive the Award granted to you hereunder. If you wish to decline this Award, you must reject this Agreement prior to the first vest date. For your benefit, if you have not rejected the Agreement prior to the first vest date, you will be deemed to have automatically accepted this Award and all the terms and conditions set forth in this Agreement. Deemed acceptance will allow the shares to be released to you in a timely manner and once released, you waive any right to assert that you have not accepted the terms hereof.

  • Lenders’ Purchase of Participations in Letters of Credit Immediately upon the issuance of each Letter of Credit, each Lender having a Revolving Commitment shall be deemed to have purchased, and hereby agrees to irrevocably purchase, from Issuing Bank a participation in such Letter of Credit and any drawings honored thereunder in an amount equal to such Lender’s Pro Rata Share (with respect to the Revolving Commitments) of the maximum amount which is or at any time may become available to be drawn thereunder. In the event that Borrower shall fail for any reason to reimburse Issuing Bank as provided in Section 2.4(d), Issuing Bank shall promptly notify Administrative Agent of the unreimbursed amount of such honored drawing and Administrative Agent shall notify each Lender with a Revolving Commitment of such Lender’s respective participation therein based on such Lender’s Pro Rata Share of the Revolving Commitments. Each Lender with a Revolving Commitment shall make available to Administrative Agent for the account of the Issuing Bank an amount equal to its respective participation, in an Equivalent Amount in Dollars and in same day funds, at the office of Administrative Agent specified in such notice, not later than 12:00 p.m. (New York City time) on the first business day (under the laws of the jurisdiction in which such office of Issuing Bank is located) after the date notified by Administrative Agent. The Administrative Agent shall remit the funds so received to the Issuing Bank. In the event that any Lender with a Revolving Commitment fails to make available to Administrative Agent for the account of the Issuing Bank on such business day the amount of such Lender’s participation in such Letter of Credit as provided in this Section 2.4(e), Issuing Bank (acting through the Administrative Agent) shall be entitled to recover such amount on demand from such Lender together with interest thereon for three Business Days at the rate customarily used by Issuing Bank for the correction of errors among banks and thereafter at the Base Rate. Nothing in this Section 2.4(e) shall be deemed to prejudice the right of any Lender with a Revolving Commitment to recover from Issuing Bank any amounts made available by such Lender to Issuing Bank pursuant to this Section in the event that the payment with respect to a Letter of Credit in respect of which payment was made by such Lender constituted gross negligence or willful misconduct on the part of Issuing Bank. In the event Issuing Bank (acting through the Administrative Agent) shall have been reimbursed by other Lenders pursuant to this Section 2.4(e) for all or any portion of any drawing honored by Issuing Bank under a Letter of Credit, the Issuing Bank (acting through the Administrative Agent) shall distribute to each Lender which has paid all amounts payable by it under this Section 2.4(e) with respect to such honored drawing such Lender’s Pro Rata Share of all payments subsequently received by Issuing Bank from Borrower in reimbursement of such honored drawing when such payments are received. Any such distribution shall be made to a Lender at its primary address set forth below its name on Appendix B or at such other address as such Lender may request.

  • New Swing Line Loans/Letters of Credit Notwithstanding anything in this Agreement to the contrary, so long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Increasing Lenders and New Lenders The Borrower may, prior to the Expiration Date, request that (1) the current Lenders (each, a “Current Lender”) increase their Revolving Credit Commitments (any Current Lender which elects to increase its Revolving Credit Commitment shall be referred to as an “Increasing Lender”) and/or (2) one or more new lenders (each, a “New Lender”) join this Agreement and provide a Revolving Credit Commitment hereunder, subject to the following terms and conditions:

  • New Swingline Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Letter of Credit Advances (i) The Borrower shall repay to the Administrative Agent for the account of each Issuing Bank and each other Lender that has made a Letter of Credit Advance on the same day on which such Advance was made the outstanding principal amount of each Letter of Credit Advance made by each of them.

  • Letter of Credit Participation See Section 4.1.4.

  • New Swing Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Loans unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect to such Swing Loan and (ii) no LC Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

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