Examples of CHS Capital in a sentence
Each of the undersigned specifically represents to CHS Capital, LLC, dba CHSC MN, a Minnesota limited liability company, and its agents, successors and assigns (Lender) that the information provided in and with this application/note/security agreement is true, correct, and complete.
For the avoidance of doubt, the parties agree that Servicer may so subcontract with CHS Capital subject to the proviso in the previous sentence.
The consummation of the CHS Capital Contribution and the issuance by the Company of the Membership Interests to CHS referenced above shall be referred to herein as the “CHS Financial Closing”.
Among other things, CHS is making the CHS Capital Contribution in order to obtain its Membership Interests, representing its right to receive its share of profits, losses and distributions in the Company, as set forth in this Agreement.
In return for the CHS Capital Contribution and subject to the satisfaction or waiver (to the extent permitted by applicable Law) of all of the conditions set forth in Section 5.2(b), the Company shall issue Membership Interests representing the Percentage Interest set forth in the second column opposite its name on Schedule A.
Such date that CHS makes the CHS Capital Contribution shall be referred to herein as the “CHS Closing Date”.
CHS Capital shall be permitted to acquire the assets of, or a controlling interest in, any Person in connection with a workout, exercise of remedies or restructuring related to CHS Capital’s financing activities in the ordinary course of business.
Notwithstanding the foregoing, any vacancy resulting from the death, resignation, retirement, disqualification, removal or other cause of a director nominated by CHS Capital LLC and its affiliates (collectively, “CHS”) may be filled only with a director nominated by CHS in accordance with the Amended and Restated Stockholders Agreement or other applicable agreement.
CHS Capital may transfer CHS Capital Loan Assets to a Wholly Owned Subsidiary in the ordinary course of business.
This promissory note amends, restates and replaces in its entirety (but does not cancel or extinguish the indebtedness evidenced by) that certain note, dated as of July 22, 2016, issued by Cofina to CHS Capital, LLC.