Examples of PFMA in a sentence
The person(s) who sign this PFMA for the Borrower warrant(s) that they have full power and authority to enter into this PFMA on behalf of each person comprising the Borrower and that the terms of this PFMA create valid and binding obligations on each person comprising the Borrower in respect to each Loan Agreement entered into under this PFMA.
The Borrower waives its rights under the PPSA to receive any financing statement, financing change statement or a verification statement that is registered, issued or received by FSL at any time in relation to this PFMA or any Loan Agreement.
Upon acceptance of a Loan Request by FSL a loan agreement (“Loan Agreement”) is automatically made between FSL (as lender) and the Borrower on the terms set out in the applicable Loan Request and this PFMA.
The Borrower acknowledges that in effecting the Insurance and arranging this PFMA (including each Loan Agreement) any Broker is acting on behalf of the Borrower and not as agent of FSL and that any Broker cannot make any representation or warranty for or on behalf of FSL.
FSL’s right, powers and remedies under this PFMA and each Loan Agreement will not be adversely affected if FSL delays or omit to enforce its rights, powers and remedies.