Common use of Liquidating Account Clause in Contracts

Liquidating Account. The Holder acknowledges and agrees that the Government, upon acquisition of the Bank’s loan portfolio, shall make no further advances on the Liquidating Account Loan(s) and that unadvanced Liquidating Account Loan funds are hereby rescinded.

Appears in 2 contracts

Samples: Stock Redemption Agreement, Stock Redemption Agreement (North Pittsburgh Systems Inc)

AutoNDA by SimpleDocs

Liquidating Account. The Holder acknowledges and agrees that the Government, upon acquisition of the Bank’s 's loan portfolio, shall make no further advances on the Liquidating Account Loan(s) and that unadvanced Liquidating Account Loan funds are hereby rescinded.

Appears in 1 contract

Samples: Stock Redemption Agreement (Citizens Communications Co)

AutoNDA by SimpleDocs

Liquidating Account. The Holder acknowledges and agrees that the Government, upon acquisition of the Bank’s loan portfolio, shall make no further advances on the Liquidating Account Loan(s) and that the unadvanced Liquidating Account Loan funds are hereby rescinded.

Appears in 1 contract

Samples: Stock Redemption Agreement (Shenandoah Telecommunications Co/Va/)

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