Credit Paper definition

Credit Paper means any means or mode of payment or money transfer in written and visible mode on, or in, paper or documentary form and which, in law and under or pursuant to the Rules for Clearing, is recognised or effective for such purposes to include, without limitation, standing or bankers orders, giro or other payment orders, payroll and traders credits, consumer credits and credit vouchers, in each case being credit payment items denominated in euro or (subject to the Rules for Clearing) any other currency as may at any time in law be constituted as lawful currency of or legal tender in the State;
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Examples of Credit Paper in a sentence

  • Without limiting the foregoing, and notwithstanding anything contained in any Credit Paper to the contrary, Lender may at any time assign all or any portion of its rights under this Agreement, the Note and the other Credit Papers as collateral to a Federal Reserve Bank.

  • Provided, that no right or option granted by any Borrower to Lender or otherwise arising pursuant to any provision of any Credit Paper shall be deemed to impose or admit a duty on Lender to supervise, monitor or control any aspect of the character or condition of the Collateral or any operations conducted in connection therewith for the benefit of any Borrower or any person or entity other than Lender.

  • No representation or warranty contained in any Credit Paper and no statement contained in any certificate, schedule, list, financial statement or other papers furnished to Lender by or on behalf of such Borrower by an authorized representative of such Borrower contains -- or will contain -- any untrue statement of material fact, or omits -- or will omit -- to state a material fact necessary to make the statements contained therein not misleading.

  • No failure by Lender to exercise, and no delay in exercising, any right under any Credit Paper or any other papers shall operate as a waiver thereof.

  • Each Borrower hereby irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to any Credit Paper brought in any Specified Court, and hereby further irrevocably waives any claims that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.

  • Such Borrower knows of no event or condition with respect to Environmental Matters with respect to any of its Properties which could reasonably be expected to have a material adverse effect on the business, condition (financial or otherwise), operations, Properties or prospects of Borrower or on the ability of such Borrower to perform its material obligations under any Credit Paper relating to this Agreement.

  • If the Borrowers shall be required by law to deduct any Taxes from or in respect of any sum payable pursuant to this Agreement or under the Senior Credit Note or other Credit Paper, (i) the sum payable shall be increased as may be necessary so that after making all required deductions, the Lender receives an amount equal to the sum it would have received had no such deductions been made, and (ii) the Borrowers agree to pay the Taxes to the relevant Governmental Authority.

  • Such Borrower shall promptly execute and deliver (or cause to be executed and delivered), at such Borrower's expense, any and all other and further instruments which may be reasonably requested by Lender to cure any defect in the execution and delivery of any Credit Paper or more fully to describe particular aspects of the agreements and undertakings set forth in the Credit Papers and consistent with the terms of this Agreement.

  • Notwithstanding any provision to the contrary contained in any Credit Paper, it is expressly provided that in no case or event shall the aggregate of any amounts accrued or paid pursuant to this Agreement which under applicable laws are or may be deemed to constitute interest ever exceed the maximum nonusurious interest rate permitted by applicable Texas or federal laws, whichever permit the higher rate.

  • The representations and warranties made in each Credit Paper are true and correct in all respects on and as of the time of delivery hereof, with the same force and effect as if made on and as of the time of delivery hereof.

Related to Credit Paper

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor, any certificate or other document presented in connection with a drawing under such Letter of Credit and any other agreement, instrument or other document governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations.

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.