Examples of Collateral Loan Agreement in a sentence
In entering into any loan under this Agreement, Dealer shall obtain information from the borrower including proof of income, confirmation of valid driver’s license, and shall execute this Additional Collateral Loan Agreement between JCFCU and Dealer for Dealer compliance with the terms and conditions of the guarantee for the auto loan for the individual above-referenced.
Because the Loan Note Guarantee is associated with a specific Promis- sory Note and cannot be transferred to a new Promissory Note, the Lender must transfer the original Promissory Note and loan security documents to 7 CFR Ch. XLII (1–1–20 Edition) the new Lender, who must agree to its current loan terms, including the In- terest rate, secondary market Holder (if any), Collateral, Loan Agreement terms, and guarantors.
Evidence that each Collateral Vessel is insured in the manner required by the Additional Security Documents and that letters of undertaking will be issued in the manner required by the Additional Security Documents, together with (if required by the Lender) the written approval of each Collateral Vessel's Insurances (as such term is defined in the relevant Collateral Loan Agreement) by an insurance adviser appointed by the Lender.