Examples of Lending Partner in a sentence
Each Partner grants to the Partnership, and to the Lending Partner with respect to any loans made by the Lending Partner to a Delinquent Partner, as security, equally and ratably for the payment of all Additional Capital Contributions that Partner has agreed to make and the payment of all loans and interest accrued made by the Lending Partner to that Partner, a security interest in such Partner's ownership interest in the Partnership under the Uniform Commercial Code of the State of Texas.
On any default in the payment of a required Additional Capital Contribution or in the payment of a loan or interest accrued, the Partnership or the Lending Partner, as applicable, is entitled to all the rights and remedies of a secured party under the Uniform Commercial Code of the State of Texas with respect to the security interest granted.
The Borrower shall not either directly or indirectly make or give any commitment on behalf of Lender or its Lending Partner relating to acceptance of the Loan Application of the Customer.
The Borrower hereby unconditionally agrees and undertakes that it shall not and its personnel shall not disclose or publish the terms and conditions of this Servicer Agreement or disclose the Confidential Information submitted or disclosed by Lender or its Lending Partner under this Servicer Agreement to any third party unless such disclosure is required under law.
The Borrower shall not misuse or permit misuse directly or indirectly and commercially exploit the Confidential Information of Lender or its Lending Partner for economic or other benefit.
The Borrower shall ensure that in all cases the Loan Documentation are completed by the Customer in his own hand and are completely filled in all respect and all the legal requirements as indicated by Lender or its Lending Partner are duly completed.
The amount of the Default Loan to be made by each Lending Partner in response to the Default Loan Notice as so determined shall be specified in a notice delivered by the Chief Executive Officer to the Lending Partners and within ten (10) days of the date of such notice shall be paid to the account of the Partnership designated in the Default Loan Notice.
It is clarified that Lender or its Lending Partner and the Borrower may, from time to time, undertake joint publicity and/or advertising.
Lender or its Lending Partner shall not be obligated to provide reasons for rejection of any Loan Application to the Borrower.
Each Paying Partner that is willing to commit to make a Default Loan (each a "Lending Partner") shall so notify the Chief Executive Officer and each other Paying Partner within ten (10) days after the date the Default Loan Notice was given, setting forth the maximum portion of the Unpaid Amount, up to one hundred percent (100%) thereof, that such Lending Partner is willing to lend to the Partnership (the "Lending Commitment").