Common use of Representations by Undersigned Clause in Contracts

Representations by Undersigned. Each of the undersigned (“Applicant(s)” or “Borrower(s)”) specifically represents to lender named in Loan Commitment or loan denial, and its agents, successors and assignees (“Lender”) that the information furnished herein is true and complete. Applicants agree to notify Lender promptly of any material change(s) to this information. Applicants agree that Lender can verify the information herein and any subsequently added, and provide any information requested by Applicants ’ creditors and insurance agents (“Creditors”). Creditors are authorized to provide all requested information to Lender. Applicants grant Lender and its assignees permission to obtain a credit report in connection with this application, to make a credit decision, review the account to determine continued eligibility, or collect on the Loan. Lender may disburse Loan proceeds directly to the entity from which Borrower will be purchasing agricultural inputs (“Dealer”) for the purpose requested herein and may share its credit decision, credit experience and any credit report with its actual or potential assignees, transferees, participants, or the Dealer. Xxxxxx will report credit and transaction experience to credit reporting agencies. The Dealer is not authorized to extend commitments for financing or change any terms thereof, including interest rate, and no discussion with Dealer may be construed as a commitment for financing. Lender is not responsible for any representation, guarantee, or warranty made by the Dealer, manufacturer or any other party in connection with the item(s) financed, nor shall Lender be liable for any breach thereof. The master note/security agreement (“Note”) contained herein and agreed to by Borrowers is conditional upon Lender granting credit. If approved, complete versions of the Agreement will be available upon request of the Primary Borrower either electronically or by mail. If denied, a separate letter will be issued by Xxxxxx, and the Note shall be null and void and will be returned on Applicants ’ written request. Each of the undersigned warrants and certifies they have authority to act and sign for any applicant entity as of the date below. The information contained herein is provided for the purpose of obtaining business (non-consumer) credit with the Lender on behalf of the undersigned. Each Borrower hereby certifies it is engaged in the business of commercial farming and all products purchased on credit or with Loan proceeds will be used exclusively for commercial farming and agricultural purposes. This declaration of business purpose is made under penalty of perjury. Transmission of this Application/Master Note/Security Agreement (“App/Note”) as an electronic record containing an electronic signature, as those terms are defined in applicable federal and state laws, or facsimile transmission of this App/Note containing a facsimile signature, shall be as effective, enforceable and valid as if a paper version of this App/Note were delivered containing an original signature. This App/Note constitutes an original document for

Appears in 7 contracts

Samples: Security Agreement, Security Agreement, Security Agreement

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Representations by Undersigned. Each of the undersigned (“Applicant(s)” or “Borrower(s)”) specifically represents to lender named in Loan Commitment or loan denial, and its agents, successors and assignees (“Lender”) that the information furnished herein is true and complete. Applicants agree to notify Lender promptly of any material change(s) to this information. Applicants agree that Lender can verify the information herein and any subsequently added, and provide any information requested by Applicants Applicants’ creditors and insurance agents (“Creditors”). Creditors are authorized to provide all requested information to Lender. Applicants grant Lender and its assignees permission to obtain a credit report in connection with this application, to make a credit decision, review the account to determine continued eligibility, or collect on the Loan. Lender may disburse Loan proceeds directly to the entity from which Borrower will be purchasing agricultural inputs (“Dealer”) for the purpose requested herein and may share its credit decision, credit experience and any credit report with its actual or potential assignees, transferees, participants, or the Dealer. Xxxxxx will report credit and transaction experience to credit reporting agencies. The Dealer is not authorized to extend commitments for financing or change any terms thereof, including interest rate, and no discussion with Dealer may be construed as a commitment for financing. Lender is not responsible for any representation, guarantee, or warranty made by the Dealer, manufacturer or any other party in connection with the item(s) financed, nor shall Lender be liable for any breach thereof. The master note/security agreement (“Note”) contained herein and agreed to by Borrowers is conditional upon Lender granting credit. If approved, complete versions of the Agreement will be available upon request of the Primary Borrower either electronically or by mail. If denied, a separate letter will be issued by Xxxxxx, and the Note shall be null and void and will be returned on Applicants ’ written request. Each of the undersigned warrants and certifies they have authority to act and sign for any applicant entity as of the date below. The information contained herein is provided for the purpose of obtaining business (non-consumer) credit with the Lender on behalf of the undersigned. Each Borrower hereby certifies it is engaged in the business of commercial farming and all products purchased on credit or with Loan proceeds will be used exclusively for commercial farming and agricultural purposes. This declaration of business purpose is made under penalty of perjury. Transmission of this Application/Master Note/Security Agreement (“App/Note”) as an electronic record containing an electronic signature, as those terms are defined in applicable federal and state laws, or facsimile transmission of this App/Note containing a facsimile signature, shall be as effective, enforceable and valid as if a paper version of this App/Note were delivered containing an original signature. This App/Note constitutes an original document for

Appears in 5 contracts

Samples: Security Agreement, Security Agreement, Security Agreement

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Representations by Undersigned. Each of the undersigned (“Applicant(s)” or “Borrower(s)”) specifically represents to lender named in Loan Commitment loan commitment or loan denial, and its their agents, successors and assignees (“Lender”) that the application/master note/agreement information furnished herein is true and complete. Applicants agree to notify Lender promptly of any material change(s) to change from this information. Applicants agree that Lender can verify the information herein in this application and any information subsequently added, and provide any information requested by Applicants Applicants’ creditors and insurance agents (“Creditors”). Creditors are authorized to provide all requested information to Lender. Applicants grant Lender and its assignees permission to obtain a credit report for legitimate purposes in connection with this application, to make a credit decision, review the account to determine continued eligibilityincluding extending credit, or collect on monitoring, renewing, and collecting the Loan. Lender may disburse Loan proceeds directly to the entity from which Borrower will be purchasing agricultural inputs (“Dealer”) dealer for the purpose requested herein in the application and may share its credit decision, decision and credit experience and any credit report with its actual or potential assignees, transferees, participants, or the Dealer. Xxxxxx will report credit and transaction experience to credit reporting agenciesdealer. The Dealer dealer is not authorized to extend commitments for financing or change any terms thereof, including interest rate, and no discussion with Dealer dealer may be construed as a commitment for financing. Lender is not responsible for any representation, guarantee, or warranty made warrantymade by the Dealerdealer, manufacturer or any other party in connection with the item(s) financed, nor shall Lender be liable for any breach thereofof such warranties. The master note/security agreement (“Note”) contained herein and agreed to by Borrowers is are conditional upon Lender granting credit. If approved, complete versions of the Agreement documents will be available upon request of the Primary Borrower either electronically or by mail. If denied, a separate letter will be issued by Xxxxxx, and the Note all such documents shall be null and void and will be returned on Applicants Applicants’ written request. Each of the undersigned warrants and certifies they have authority to act and sign for any applicant entity as of the date below. The information contained herein Lender is provided for the purpose of obtaining business (non-consumer) authorized to report its credit experience with the Lender undersigned on behalf of the undersignedthis and future loans to credit reporting agencies. Each Borrower hereby certifies it is engaged in the business of commercial farming and all products purchased on credit or with Loan proceeds will be used exclusively for commercial farming and agricultural purposes. This declaration of business purpose is made under penalty of perjury. Transmission of this Application/Master Note/Security Agreement (“App/Note”) as an electronic record containing an electronic signature, as those terms are defined in applicable federal and state laws, or facsimile transmission of this App/Note containing a facsimile signature, shall be as effective, enforceable and valid as if a paper version of this App/Note were delivered containing an original signature. This App/Note constitutes an original document forOhio

Appears in 1 contract

Samples: Security Agreement

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