Representation by Banks Sample Clauses
The 'Representation by Banks' clause defines the authority and capacity in which banks act on behalf of their clients or other parties in a transaction. Typically, this clause clarifies whether the bank is acting as an agent, trustee, or in another representative role, and may outline the scope of the bank's powers and any limitations. For example, it might specify that the bank can execute documents, receive payments, or make decisions within certain boundaries. The core function of this clause is to ensure all parties understand the bank's role and responsibilities, thereby reducing the risk of misunderstandings or disputes regarding the bank's authority in the transaction.
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Representation by Banks. Each Bank hereby represents that it is a commercial lender or financial institution which makes loans in the ordinary course of its business and that it will make its Loans hereunder for its own account in the ordinary course of such business; provided, however, that, subject to Section 9.07, the disposition of the Note or Notes held by that Bank shall at all times be within its exclusive control.
Representation by Banks. 50 SECTION 9.11. Obligations Several...................................50 SECTION 9.12.
Representation by Banks. Each Bank hereby represents that it is a commercial lender or financial institution which makes loans in the ordinary course of its business and that it will make its Loans hereunder for its own account in the ordinary course of such business; provided that, subject to Section 10.08, the disposition of the Note or Notes held by that Bank shall at all times be within its exclusive control.
Representation by Banks. 57 SECTION 9.11. Obligations Several.....................................57 SECTION 9.12. Georgia Law.............................................57 SECTION 9.13. Severability............................................57 SECTION 9.14. Interest................................................58 SECTION 9.15. Interpretation..........................................58 SECTION 9.16. Waiver of Jury Trial; Consent to Jurisdiction...........58 SECTION 9.17. Counterparts............................................59 SECTION 9.18. Source of Funds - ERISA.................................59 SECTION 9.19.
Representation by Banks. 62 Section 9.10 Obligations Several............................... 62 Section 9.11 Survival of Certain Obligations................... 63 Section 9.12
Representation by Banks. 65 SECTION 9.11. Obligations Several............................. 65 SECTION 9.12. Georgia Law..................................... 65 SECTION 9.13. Severability.................................... 65 SECTION 9.14. Interest........................................ 65 SECTION 9.15. Interpretation.................................. 66 SECTION 9.16. Waiver of Jury Trial; Consent to Jurisdiction... 66 SECTION 9.17. Counterparts.................................... 67 SECTION 9.18. Source of Funds -- ERISA........................ 67 EXHIBIT A Form of Note EXHIBIT B Form of Opinion of Counsel for the Borrower EXHIBIT C Form of Opinion of Special Counsel for the Agent EXHIBIT D Form of Assignment and Acceptance EXHIBIT E Form of Notice of Borrowing EXHIBIT F Form of Compliance Certificate EXHIBIT G Form of Closing Certificate EXHIBIT H Form of Officer's Certificate for Borrower EXHIBIT I Form of Borrowing Base Certificate EXHIBIT J List of Eligible Properties EXHIBIT K Form of Guaranty (vi) EXHIBIT L Form of Contribution Agreement Schedule 1.01 Existing Loans to JDN Development Company, Inc. Schedule 4.08 Subsidiaries Schedule 4.14 Environmental Matters Schedule 5.17 Existing Investments Schedule 5.25 Existing Guarantees
Representation by Banks. 61 Section 9.10. Obligations Several.............................................................61 Section 9.11. Georgia Law.....................................................................62 Section 9.12. Severability....................................................................62 Section 9.13. Interest........................................................................62 Section 9.14. Interpretation..................................................................63 Section 9.15. Waiver of Jury Trial; Consent to Jurisdiction...................................63 Section 9.16. Counterparts....................................................................63 Section 9.17. Source of Funds -- ERISA........................................................63 EXHIBIT A-1 Form of Syndicated Loan Note EXHIBIT A-2 Form of Money Market Loan Note EXHIBIT A-3 Form of Swing Loan Note EXHIBIT B Form of Opinion of Counsel for the Borrower EXHIBIT C Form of Opinion of Special Counsel for the Agent EXHIBIT D Form of Assignment and Acceptance EXHIBIT E Form of Notice of Borrowing EXHIBIT F Form of Compliance Certificate EXHIBIT G Form of Closing Certificate EXHIBIT H Form of Officer's Certificate EXHIBIT I Form of Money Market Quote Request EXHIBIT J Form of Money Market Quote Schedule 4.08 Subsidiaries
Representation by Banks. 73 SECTION 11.11. Obligations Several............................................................74 SECTION 11.12. Survival of Certain Obligations................................................74 SECTION 11.13. North Carolina Law.............................................................74 SECTION 11.14. Severability...................................................................74 SECTION 11.15. Interest.......................................................................74 -iv- 6
Representation by Banks. 67 SECTION 9.11. Obligations Several. . . . . . . . . . . . . . . 67
Representation by Banks. 55 SECTION 9.10. Obligations Several...............................................................................55 SECTION 9.11. Survival of Certain Obligations...................................................................56 SECTION 9.12. Georgia Law.......................................................................................56 SECTION 9.13. Severability......................................................................................56 SECTION 9.14. Interest..........................................................................................56 SECTION 9.15. Interpretation....................................................................................56 SECTION 9.16. Consent to Jurisdiction...........................................................................56 SECTION 9.17. Counterparts......................................................................................57 CREDIT AGREEMENT AGREEMENT dated as of April 16, 1999 among HANC▇▇▇ ▇▇▇RICS, INC., the BANKS listed on the signature pages hereof and WACHOVIA BANK, N.A., as Agent. The parties hereto agree as follows: