Examples of Initial Loan Request in a sentence
Lender shall promptly provide Custodian with the information contained in each such Initial Loan Request.
Each Initial Loan Request shall be in the form specified by Lender from time to time and shall set forth the information required to be set forth therein in accordance with the TALF Standing Loan Facility Procedures, on an aggregate basis for all Applicable Borrowers.
Notwithstanding the foregoing, a Primary Dealer shall not be permitted to submit an Initial Loan Request unless it has previously delivered to Custodian a copy of the Letter of Agreement pursuant to which it became a party hereto.
To request a Loan, Borrower shall submit an Initial Loan Request to Lender, which Initial Loan Request shall include, among other items, the requested term of the Loan, which shall be no longer than 360 days (the date that is the last day of the period beginning on the date on which a Loan is funded (if funded) and ending on the last day of such requested term, the “Maturity Date” of such Loan), and Loan Amount.
Borrower acknowledges that Lender reserves the right to review and verify all information in the Initial Loan Request and such other information as Lender may request in connection with such Initial Loan Request.
Notwithstanding the foregoing, a Primary Dealer shall not be permitted to submit an Initial Loan Request unless it has previously delivered to Custodian a copy the Letter of Agreement pursuant to which it became a party hereto.
Borrower hereby authorizes Lender to request and obtain data from third parties to verify any information provided to Lender, including in the Initial Loan Request.
Borrower acknowledges that Lender may approve or terminate the Initial Loan Request in its sole discretion.
The Initial Loan Request shall specify (i) the principal amount of the Loan to be made on the Closing Date (which shall be no less than $10,000,000 or such lesser amount which the Lender shall have approved), and (ii) the disbursement instructions for the proceeds of such Loan.
Lender shall review each Initial Loan Request within twenty (20) days after receipt of such request (the “Review Period”) and promptly inform the Borrower in writing of the results of its review following the expiration of the Review Period.