Farm Credit Equities definition

Farm Credit Equities has the meaning specified in Section 7.11(a).

Farm Credit Equities has the meaning specified in Section 5.01(l).

Farm Credit Equities is defined in Section 5.10(a).

Examples of Farm Credit Equities in a sentence

• The Farm Credit Equities of a particular Farm Credit Lender shall not constitute security for the Obligations due to any other Lender.

• No applicable Farm Credit Lender shall have any obligation to retire its Farm Credit Equities at any time, including during the continuance of any Default or Event of Default, either for application to the Obligations or otherwise.

• Notwithstanding anything to the contrary herein or in any other Loan Document, the Farm Credit Equities shall not constitute security for the Obligations due to any other holder thereof.

• Neither the Farm Credit Equities nor any accrued patronage shall be offset against the Obligations except that, in the event of an Event of Default, a Farm Credit Lender may elect, solely at its discretion, to apply the cash portion of any patronage distribution or retirement of equity to amounts due under this Agreement.

• No Farm Credit Lender shall have any obligation to retire its Farm Credit Equities upon any Default or any other default by the Borrower or any other Loan Party, or at any other time, either for application to the Obligations or otherwise.

More Definitions of Farm Credit Equities

Farm Credit Equities means, collectively, the Administrative Borrower’s stock and participation certificates in the respective Farm Credit Lenders (or Affiliates thereof) acquired in connection with the Term Loans from the Farm Credit Lenders hereunder.

Farm Credit Equities has the meaning specified therefor in Section 5.18(a) of the Agreement.

Farm Credit Equities has the meaning specified in Section 9.19(a).

Farm Credit Equities is defined in Section 7.1.16.

Farm Credit Equities means any Borrowers’ stock, patronage refunds issued in the form of stock or otherwise constituting allocated units, patronage surplus (including any such surplus accrued by a Farm Credit Bank for the account of Borrowers) and other equities in any Farm Credit Bank acquired in connection with, or because of the existence of, Xxxxxxxxx’ patronage loan from such Farm Credit Bank (or its affiliate), and the proceeds of any of the foregoing.

Farm Credit Equities means the Company’s stock and other equities in a Farm Credit Lender acquired in connection with the Company’s patronage loan from such Farm Credit Lender.

Farm Credit Equities means all stock and other equities acquired or to be acquired by Cascades US in any Farm Credit Institution who is, or is expected to be, a Term Lender at the time of such acquisition, which equities govern all rights or entitlements of Cascades US to patronage refunds or other distributions (whether in cash or in the form of equities) as a result or on account of such patronage, stocks or other equities;