Credit Impairment Sample Clauses

Credit Impairment. The Purchaser consents to WFP conducting such credit investigations of the Purchaser as WFP may require from time to time to ascertain the financial viability of the Purchaser. If at any time the Purchaser’s credit worthiness becomes, in WFP’s sole judgment, impaired, then WFP shall have the right to request proof of the Purchaser’s credit worthiness. If the Purchaser is not able to provide satisfactory proof of credit worthiness, WFP may, in addition to any and all other remedies available to it under applicable law, decline to deliver the Products to the Purchaser until such time as the Purchaser’s credit has been re-established, to WFP’s satisfaction.
AutoNDA by SimpleDocs
Credit Impairment. Buyer will not undertake any action which, in Homestead’s sole discretion, may be detrimental to Buyer’s credit or otherwise do any act or fail to act in such a manner that would otherwise impair Buyer’s ability to obtain a loan based on Homestead’s guidelines at any time during the transaction. For illustration purposes, any significant purchase made by Buyer on credit during the pendency of the transaction would be considered such detrimental action; however, this is intended to be merely illustrative, and there are many other circumstances that could detrimentally affect the Buyer’s ability to obtain a loan.
Credit Impairment. Buyer will not undertake any action which, in XxXxxxx’x sole discretion, may be detrimental to Xxxxx’s credit or otherwise do any act or fail to act in such a manner that would otherwise impair Xxxxx’s ability to obtain a loan based on XxXxxxx’x guidelines at any time during the transaction. For illustration purposes, any significant purchase made by Xxxxx on credit during the pendency of the transaction would be considered such detrimental action; however, this is intended to be merely illustrative, and there are many other circumstances that could detrimentally affect the Buyer’s ability to obtain a loan.

Related to Credit Impairment

  • Disenfranchisement of Defaulting Lenders (a) For so long as a Defaulting Lender has any Available Commitment, in ascertaining the Majority Lenders or whether any given percentage (including, for the avoidance of doubt, unanimity) of the Total Commitments has been obtained to approve any request for a consent, waiver, amendment or other vote under the Finance Documents, that Defaulting Lender’s Commitments will be reduced by the amount of its Available Commitments.

  • Replacement of a Defaulting Lender (a) The Company may, at any time a Lender has become and continues to be a Defaulting Lender, by giving five Business Days’ prior written notice to the Facility Agent and such Lender:

  • Effect on Credit Agreement Except as specifically amended by this Amendment, the Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed.

  • to Credit Agreement COLLATERAL REPORTS Borrower shall deliver or cause to be delivered the following:

  • Reference to the Effect on the Credit Agreement Upon the effectiveness of this Agreement, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of similar import shall mean and be a reference to the Credit Agreement, as amended by this Agreement. Except as specifically amended above, the Credit Agreement, and all other Financing Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by each Borrower.

  • Termination of Revolving Credit Facility The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

  • Defective Collateralization This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

  • Effect on the Credit Agreement (a) Upon the effectiveness of this Amendment, on and after the date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Credit Agreement, as amended and modified hereby.

  • Reaffirmation of Credit Party Obligations Each Credit Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Credit Party Obligations.

  • Reference to the Effect on the Loan Documents (a) As of the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the Credit Agreement (including, without limitation, by means of words like “thereunder”, “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this Amendment and the Credit Agreement shall be read together and construed as a single instrument. Each of the table of contents and lists of Exhibits and Schedules of the Credit Agreement shall be amended to reflect the changes made in this Amendment as of the Amendment Effective Date.

Time is Money Join Law Insider Premium to draft better contracts faster.