Not an Extension of Credit Sample Clauses

Not an Extension of Credit. This Agreement constitutes an assignment of future Benefit Assessments and their related Benefit Assessment Liens and shall in no way be construed as an extension of credit by Capital Provider to Green Bank. In the event of an insolvency of Green Bank, Green Bank shall not claim any such Benefit Assessment or its related Benefit Assessment Lien as an asset of its estate, the parties hereto acknowledging that their intent is to treat assignment as a transfer of Green Bank’s right, title and interest in and to any such Benefit Assessment and its related Benefit Assessment Lien as they relate to the Property.
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Not an Extension of Credit. This Assignment constitutes a sale of 100% ownership interest in the Agreement and shall in no way be construed as an extension of credit by the Assignee to Assignor. Assignor waives and releases any right, title, or interest that it may have (whether pursuant to a “cross- collateralization” provision or otherwise) in the Agreement or the Assigned Property.
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Not an Extension of Credit. Neither this Agreement, nor any services provided through UMB Healthcare Services Online, will be construed to obligate us to create an overdraft or pay an amount in excess of your collected and available funds to or on your behalf. In the event any actions initiated by you result in an overdraft in any account, you will immediately repay the overdraft.
Sample 1
Not an Extension of Credit. This Agreement is a true sale of the Purchased Assets and constitutes a sale of 100 percent ownership of the Purchased Assets and shall in no way be construed as an extension of credit by Buyer to Seller. Seller waives and releases any right, title or interest (other than the Retained Interest) that it may have in and to any of the Purchased Assets. Buyer waives and releases any right, title or interest that it may have in and to any of the Retained Interest.
Sample 1

Related to Not an Extension of Credit

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that Lender will have received on or before the day of such Advance or issuance of such Letter of Credit all of the following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender:

  • No Extension of Credit The Company has not, directly or indirectly, including through a Subsidiary, extended credit, arranged to extend credit, or renewed any extension of credit, in the form of a personal loan, to or for any director or executive officer of the Company.

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

  • All Extensions of Credit The obligation of Lenders to make any Credit Extension hereunder (including the initial Credit Extension) is subject to the following additional conditions precedent:

  • Conditions to Initial Extensions of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions Precedent to Initial Extension of Credit Before the first extension of credit under this agreement, whether by disbursement of a loan, issuance of a letter of credit, the funding of a Lease or otherwise, the Borrower shall deliver to the Bank, in form and substance satisfactory to the Bank:

  • Conditions to All Extensions of Credit The obligation of each Lender to make any Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent on the date of making such Extension of Credit:

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