Borrowed Funds. The fair value of advances from Federal Home Loan Bank is estimated by discounting the future cash flows using the current rates at which similar loans with the same remaining maturities could be obtained. Commitments to Extend Credit The majority of commitments to extend credit would result in loans with a market rate of interest if funded. The fair value of these commitments are the fees that would be charged to customers to enter into similar agreements. For fixed rate loan commitments, the fair value also considers the difference between current levels of interest rates and the committed rates.
Borrowed Funds. Xxxxxx X. Xxxxxx has secured a line of credit from American National Bank in the amount of $500,000 for our benefit. Xx. Xxxxxx has agreed to have the Bank transfer to the Depository account of Xxxxxx Development Company and C.S. Finance L.L.C. whatever amounts are necessary from this line to purchase the Xxxxx Preferred B shares, up to the amount of $500,000. American National Bank is also acting as the Depository in connection with the Offer. As a condition of such loan, Offeror Xxxxxx Development Company has pledged its and Xxxxxx X. Xxxxxx'x, Xxxxx Common and Preferred B shares to secure the line of credit from American National Bank. American National Bank has served as Xxxxx'x bank since 2003, and is the depository for Xxxxx'x accounts, including the Preferred B money market account with a balance of approximately $270,000.
Borrowed Funds. Incur, assume or suffer to exist any indebtedness for borrowed funds which may affect Borrower’s ability to repay the Loan without the prior written consent of Lender, except indebtedness for borrowed funds to Lender or indebtedness existing as of the date of this Agreement.
Borrowed Funds. The Bank was obligated for borrowings as follows: June 30, 1997 June 30, 1996 -------------------- -------------------- Weighted Weighted average average rate Amount rate Amount ----- ------ ----- -------- (Dollars thousands) Advances from FHLB - NY (due 2002).... 5.58% $ 40,000 5.98% $ 3,000 Reverse Repurchase Agreements ........ 5.78% 311,913 5.41% 263,160 ------- ------- $351,913 $266,160 ======== ======== Information concerning borrowings under reverse repurchase agreements is summarized as follows: At or for the Year Ended -------------------------------- June 30, 1997 June 30, 1996 ------------- ------------- (Dollars in thousands) Average Balance during the Year.................................... $ 288,845 $ 150,173 Average Interest Rate during the Year.............................. 5.63% 5.58% Maximum Month-end Balance during the Year.......................... $ 326,391 $ 279,678 Mortgage-Backed Securities Pledged as Collateral under Reverse Repurchase Agreements at Year End: Carrying Value................................................ $ 326,843 $ 284,124 Estimated Market Value........................................ $ 326,801 $ 277,652 Reverse repurchase agreements at June 30, 1997 have contractual maturities as follows: Year Ended June 30, Amount (In thousands) 1998 $ 258,413 1999 33,500 2000 -- 2001 -- 2002 20,000 ------ $ 311,913 ========= As a member of the Federal Home Loan Bank System (FHLB), the Bank borrows from the FHLB on a secured basis. Borrowings at June 30, 1997 and 1996 were secured by a blanket lien over all assets equal to 110% of borrowings.
Borrowed Funds. If borrowed funds are not in the same account(s) as the HHA’s own non-borrowed funds, the HHA also must provide proof that the borrowed funds are available for use in operating the HHA, by providing, at a minimum, a copy of the statement(s) of the HHA’s savings, checking, or other account(s) containing the bor- rowed funds, accompanied by an attes- tation from an officer of the bank or other financial institution that the funds are in the account(s) and are im- mediately available to the HHA. As with the HHA’s own (that is, non-bor- rowed) funds, CMS later may require the HHA to establish the current avail- ability of such borrowed funds, includ- ing furnishing an attestation from a fi- nancial institution or other source, as may be appropriate, and to establish that such funds will remain available until a date when the HHA will have been surveyed by the State agency or by an approved accrediting organiza- tion.
Borrowed Funds. In general, an SBLC may not be capitalized with bor- rowed funds. Shareholders owning 10 percent or more of any class of its stock must not use personally-bor- rowed funds to purchase the stock un- less the net worth of the shareholder is at least twice the amount borrowed or unless the shareholder receives SBA’s prior written approval for a lower ratio. [73 FR 75515, Dec. 11, 2008, as amended at 85 FR 78215, Dec. 4, 2020; 87 FR 38909, June 30, 2022; 88 FR 21899, Apr. 12, 2023] § 120.471 What are the minimum cap- ital requirements for SBLCs?
Borrowed Funds. In general, an SBLC may not be capitalized with bor- rowed funds. Shareholders owning 10 percent or more of any class of its stock must not use personally-bor- rowed funds to purchase the stock un- less the net worth of the shareholder is at least twice the amount borrowed or unless the shareholder receives SBA’s prior written approval for a lower ratio. [73 FR 75515, Dec. 11, 2008] § 120.471 What are the minimum cap- ital requirements for SBLCs?
Borrowed Funds. Indebtedness consisting of Lender Obligations, including the Advances and the Letters of Credit;
Borrowed Funds. Indebtedness of Borrower in an amount not to exceed $5,000,000 incurred in connection with a financing of the ESOP's purchase or carrying of capital stock of Borrower, provided that simultaneously with the incurrence of such Indebtedness Borrower makes a loan to the ESOP in a similar amount evidenced by a promissory note of the ESOP secured by capital stock of Borrower held by the ESOP;
Borrowed Funds. Seller shall procure that, as of the Closing Date, no member of the Target Group shall have any indebtedness to any bank or other financial institution.
