At Bank s request, a copy certified by Borrower of all applicable permits including, without limitation, the building permit and all permits pursuant thereto, excavation permits, tree removal permits, land development permits, dredge and fill permits, stormwater discharge permits (federal and state), and any other permits required for development and completion of the Project.
At Bank. The Contingent Liability Fund shall be in the name of Purchaser, but Purchaser shall only be entitled to withdraw funds or other assets therefrom with the written consent of Bank. Purchaser shall maintain a cash balance in the Contingent Liability Fund in an amount not less than $500,000. In the event the Contingent Liability Fund exceeds the aggregate amount of such unused credit lines, the Bank shall from time to time (but no less often than quarterly) permit the Purchaser to withdraw the amount of such excess from the Contingent Liability Fund. The Contingent Liability Fund shall be maintained after the termination of this Agreement and shall be disbursed to Purchaser only after Bank has reasonably determined that Purchaser's obligations to Bank hereunder have been completely satisfied. As security for Purchaser's obligations to Bank hereunder, Purchaser hereby grants to Bank a security interest in the Contingent Liability Fund. Bank shall have the right to set off and apply against all obligations of Purchaser owed to Bank, at any time and without notice to Purchaser, any and all deposits or other sums at any time credited by or owing from Bank to Purchaser. The Contingent Liability Fund established by Purchaser shall be in the form of a Repurchase Agreement for mutually agreed upon and identified obligations of the United States government. Each party shall take all reasonable actions and execute such documents as necessary to perfect and protect the other party's interest in the Repurchase Agreement and the government obligations subject thereto.
At Bank. The Contingent Liability Fund shall be in the name of Purchaser, but Purchaser shall only be entitled to withdraw funds or other assets therefrom with the written consent of Bank. Purchaser shall maintain a cash balance in the Contingent Liability Fund in an amount not less than $750,000. The Contingent Liability Fund shall be maintained after the termination of this Agreement and shall be disbursed to Purchaser only after Bank has reasonably determined that Purchaser's obligations to Bank hereunder have been completely satisfied. As security for Purchaser's obligations to Bank hereunder, Purchaser hereby grants to Bank a security interest in the Contingent Liability Fund and all money, instruments, general intangibles and other property of Purchaser now or hereafter held by Bank. Bank shall have the right to set off and apply against all obligations of Purchaser owed to Bank, at any time and without notice to Purchaser, any and all deposits or other sums at any time credited by or owing from Bank to Purchaser. The Contingent Liability Fund established by Purchaser shall be in the form of a Repurchase Agreement for mutually agreed upon and identified obligations of the United States government. Each party shall take all reasonable actions and execute such documents as necessary to perfect and protect the other party's interest in the Repurchase Agreement and the government obligations subject thereto.
At Bank. Address: ................................... Account: ...................................
At Bank. Maintain their primary depository account and cash management account at Bank, but may maintain their Payroll account at Chase Manhattan Bank.
At Bank. [Đối với khách hàng là doanh nghiệp] CÔNG TY ........................................................................................................................
At Bank. The Contingent Liability Fund shall be in the name of Purchaser, but Purchaser shall only be entitled to withdraw funds or other assets therefrom with the written consent of Bank. Purchaser shall maintain a balance in the Contingent Liability Fund in an amount equal to the lesser of (i) $500,000.00 or (ii) twenty-five percent (25%) of the aggregate amount of the contingent liability arising in connection with the Cards in the Marketer Card Portfolio as such contingent liability amount is reported in FDR report CD 121 ("Required Deposit Amount"). In the event the Contingent Liability Fund exceeds the Required Deposit Amount, the Bank shall from time to time (but no less often than monthly) permit the Purchaser to withdraw the amount of such excess from the Contingent Liability Fund. The Contingent Liability Fund shall be maintained after the termination of this Agreement and shall be disbursed to Purchaser only after Bank has reasonably determined that Purchaser's obligations to Bank hereunder have been completely satisfied, which determination shall be made within ninety (90) days following termination. If a bank regulator finds that the amount of the Contingent Liability Fund is not sufficient to cover the risk associated with the Cards in the Marketer Card Portfolio, then the Bank shall provide notice to Purchaser of such finding and the amount that such regulator determines will be a sufficient reserve. Upon receipt of such notice, Purchaser shall have thirty (30) days to increase the Contingent Liability Fund to the amount determined to be sufficient by such bank regulator. If Purchaser has not increased the amount of the Contingent Liability Fund within said thirty (30) day period, then Bank shall have the option to terminate this Agreement. As security for Purchaser's obligations to Bank hereunder, Purchaser hereby grants to Bank a security interest in the Contingent Liability Fund. Bank shall have the right to set off and apply against all obligations of Purchaser owed to Bank, at any time (with concurrent notice to Purchaser), any and all deposits or other sums at any time credited by or owing from Bank to Purchaser. The Contingent Liability Fund established by Purchaser shall be in the form of a repurchase agreement for mutually agreed upon and identified obligations of the United States government. Each party shall take all reasonable actions and execute such
At Bank. Borrower shall have authority at any time and from time to time to withdraw or transfer to another account of Borrower at Bank any revenues and proceeds deposited in the Borrower's Account, subject to the other terms and conditions of this Agreement and the other Loan Documents. Borrower shall deposit or cause to be deposited such revenues and proceeds into Borrower's Account on or before the fifth day of the calendar month following the month that the same are received by Borrower, and the failure or refusal of Borrower to so deposit the same shall be deemed an Event of Default.
At Bank s request, confirmation by CoreStates Trade Finance Department and assignment of any and all future letters of credit, and the proceeds thereof, to or in favor of Borrower as beneficiary where the amount orsuch letter of credit exceeds One Million Dollars ($1,000,000.00). To the foregoing ends, contemporaneously with the execution and delivery of this Agreement, (i) the Borrower will execute and deliver to the Bank the Mortgage and Borrower's Security Agreements, (ii) the Borrower will execute and deliver to the Bank the Assignment of the Korea Exchange Bank Letter of Credit and the General Assignment of Government Contracts, (iii) the Guarantors will execute and deliver to the Bank the Guaranty Agreements, and (iv) the Guarantors will execute and deliver to the Bank the Guarantors' Security Agreements. If, as and when letters of credit are issued to or in favor of Borrower as beneficiary as provided in subsection (6) above, Borrower shall, promptly upon request of Bank, provide confirmation to the CoreStates Trade Finance Department and execute all reasonably required documentation to effect the assignment of the letter of credit to Bank. Borrower shall make all reasonable efforts and take all required steps to attempt to obtain the specific assignment of and consent to the assignment of all existing and future contracts as specified in
At Bank. The Contingent Liability Fund shall be in the name of Purchaser, but Purchaser shall only be entitled to withdraw funds or other assets therefrom with the written consent of Bank. Purchaser shall maintain a cash balance in the Contingent Liability Fund in an amount not less than the aggregate amount of the unused credit lines available in connection with the Cards in the Marketer Card Portfolio. In the event the Contingent Liability Fund exceeds the aggregate amount of such unused credit lines, the Bank shall from time to time (but no less often than quarterly) permit the Purchaser to withdraw the amount of such excess from the Contingent Liability Fund. The Contingent Liability Fund shall be maintained after the termination of this Agreement and shall be disbursed to Purchaser only after Bank has reasonably determined that Purchaser's obligations to Bank hereunder have been completely satisfied. As security for Purchaser's obligations to Bank hereunder, Purchaser hereby grants to Bank a security interest in the Contingent Liability Fund and all money, instruments, general intangibles and other property of Purchaser now or hereafter held by Bank. Bank shall have the right to set off and apply against all obligations of Purchaser owed to Bank, at any time and without notice to Purchaser, any and all deposits or other sums at any time credited by or owing from Bank to Purchaser. The Contingent Liability Fund established by Purchaser shall be in the form of a Repurchase Agreement for mutually agreed upon and identified obligations of the United States government. Each party shall take all reasonable actions and execute such documents as necessary to perfect and protect the other party's interest in the Repurchase Agreement and the government obligations subject thereto.
