Farm Lender definition

Farm Lender means a Corporation that has been approved by the USDA as a lender.
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Examples of Farm Lender in a sentence

  • Farm Lender shall maintain these reconciliations at its principal place of business.

  • The Farm Lender shall deposit the funds received into the trust fund account from which the loan funds were disbursed.

  • The second reconciliation shall consist of all Farm Lender Loan activity.

  • If the letter specifies that Farm Lender paid more than was owed, Farm Lender shall apply the overpayment to the next payment due to IBank.

  • With respect to Liquidation in connection with either Guaranteed or Nonguaranteed Farm Borrower Loans, the Farm Lender shall not initiate any judicial remedy without the prior written approval of IBank.

  • With respect to a Default on a Guaranteed Farm Borrower Loans, the procedures to be followed by a Farm Lender shall be those specified by USDA.

  • Disbursement of loan proceeds to the Farm Lender for Farm Borrower Loans will be made only if the Farm Lender is a party in good standing to an existing Farm Lender Credit Agreement.

  • Funds are available in a trust fund account to meet the request contained in the Farm Lender Disbursement Request.

  • With respect to Liquidation of a Nonguaranteed Farm Borrower Loan, a Liquidation plan shall be prepared by the Farm Lender and delivered to IBank.

  • In the event Farm Lender receives a written objection to the plan from IBank within the fourteen days, IBank and Farm Lender shall negotiate a mutually acceptable Liquidation plan.

Related to Farm Lender

  • Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration.

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • L/C Lender a Lender with an L/C Commitment.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • DIP Lender means a lender under the DIP Facility.

  • Term Lenders means those Lenders having Term Loan Commitments.

  • Bid Loan Lender means, in respect of any Bid Loan, the Lender making such Bid Loan to the Company.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • New Term Lender a Lender that has a New Term Loan.

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Affiliate Lender shall have the meaning assigned to such term in Section 9.21(a).

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Incremental Lender has the meaning assigned to such term in Section 2.22(b).