Farm Credit Lender definition
Examples of Farm Credit Lender in a sentence
This Section 2.13 shall not apply to any action taken by any Farm Credit Lender with respect to Farm Credit Equities held by the Borrower or any cash patronage, whether on account of foreclosure of any Lien thereon, retirement and cancellation of the same, exercise of setoff rights or otherwise.
Each Farm Credit Lender reserves the right to assign or sell participations in all or any part of its Commitments or outstanding Loans hereunder on a non-patronage basis, subject, in each case, to the consent of the Borrower to the extent required as set forth in Section 10.06(b).
The voting rights of each Voting Participant are solely for the benefit of such Voting Participant and shall not inure to any assignee or participant of such Voting Participant that is not a Farm Credit Lender.
Notwithstanding the foregoing, each Farm Credit Lender designated as a Voting Participant in Schedule 10.06 shall be a Voting Participant without delivery of a Voting Participant Notice and without the prior written consent of the Administrative Agent.