COMMERCIAL LENDING. The Managing General Partner, with the approval of the General Partners, acting for and on behalf of the Partnership and in the name of the Partnership, may (but shall not be required to), obtain financing, on a recourse or nonrecourse basis from commercial banks, savings and loan associations and other lending institutions, or other Persons, including without limitation, public or private securitized financing. The interest on such financing shall be at then-prevailing market rates and such interest may be payable on a current or deferred basis. Such financing may consist of participating loans whereby the lender(s) would have certain rights to receipts or cash flow of the Partnership and/or to proceeds of sales and refinancings of the Partnership Property.
COMMERCIAL LENDING. A. The Bank, as of May 17, 2000, except as otherwise permitted by subparagraph B below, whether directly or indirectly, and without the prior written nonobjection of the Regional Director, is not permitted to, and shall not make, invest in, purchase, refinance, extend or otherwise modify or commit to make, invest in, purchase, refinance, extend or otherwise modify any loan for a business purpose. For purposes of this Agreement, a "loan for a business purpose" means (i) a commercial loan whether or not secured by real estate; and (ii) any loan or lease other than one for a personal, family, or household purpose or use (collectively referred to as "commercial loan portfolio").
COMMERCIAL LENDING. (1) Within ninety (90) days of the effective date of this Agreement, the Board shall review and revise the Bank's written commercial loan program policies, procedures and underwriting criteria, consistent with the guidance contained in the Loan Portfolio Management booklet, A-LPM, of the Comptroller’s Handbook, to incorporate, at a minimum:
COMMERCIAL LENDING
