Customer Loans Sample Clauses

Customer Loans. Except as set forth on Schedule 5(t), neither ACE nor the Stockholders have any knowledge or any grounds to believe that any customer loan or other obligation on which ACE is contingently liable as endorser, co-maker or otherwise is in default or that default is pending or threatened.
Sample 1
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Customer Loans. Xxxx Propulsion B.V. has granted the loans to customers as included in Schedule 10.4. Any repayment on these loans (including interest payments and profit sharing arrangements such as included in article 7 of the Samenweringsovereenkomst “Inruilgarantie Xxxxx Xxxxx” dated 21 April 2017), by these customers actually received in cash, in kind, by means of set-off by or otherwise paid to Xxxx Propulsion B.V. shall be forthwith paid in cash by Xxxx Propulsion B.V. to the Seller. The Purchaser shall ensure that Xxxx Propulsion B.V. shall satisfy this obligation. In addition to the information provision included in Clause 10.1.1, Purchaser or the relevant Group Company shall, upon a written request thereto by Seller, inform Seller promptly on the relevant requested information regarding the (repayment of) the customer loans.
Sample 1
Customer Loans. (a) Subject to the terms and conditions hereof, each Customer Lender severally agrees to make revolving credit loans ("Customer Loans") to the Borrower from time to time during the Customer Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the amount of such Lender's Customer Commitment. During the Customer Commitment Period the Borrower may use the Customer Commitments by borrowing, prepaying the Customer Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Customer Loans shall be made as Base Rate Loans only.
Sample 1
Customer Loans. All currently outstanding loans of, or current extensions of credit by, the Company to customers of the Company (individually, a “Customer Loan,” and collectively, the “Customer Loans”) are adequately documented and, to the Knowledge of the Company, each note evidencing a Customer Loan, or loan or credit agreement or security instrument related to the Customer Loans constitutes a valid, legal and binding obligation of the customer thereunder, enforceable in accordance with the terms thereof, except where the failure thereof would not, individually or in the aggregate, have a Material Adverse Effect. There are no oral modifications or amendments or additional agreements related to the Customer Loans that are not reflected in the Company’s records, no claims of defense as to the enforcement of any Customer Loan has been asserted, and the Company is aware of no acts or omissions which would give rise to any claim or right of rescission, set-off, counterclaim or defense, except where any of the foregoing would not have, either individually or in the aggregate, a Material Adverse Effect. The Company currently maintains an allowance for loan losses allocable to the Customer Loans which complies with applicable loan loss reserve requirements established in accordance with GAAP. Except as disclosed in Schedule 3.21, none of the Customer Loans are presently serviced by third parties, and there is no obligation which could result in any Customer Loan becoming subject any third-party servicing.
Sample 1
Customer Loans. At Closing, Seller will assign and convey to Buyer (or one or more of Buyer’s wholly owned subsidiaries), and Buyer (or one or more of Buyer’s wholly owned subsidiaries) shall assume and purchase from Seller, all of Seller’s rights, title and interest in the customer notes and related collateral documents set forth on Schedule 2.2(l) (the “Customer Loans”) in accordance with assignment documents in form and substance mutually satisfactory to Seller and Buyer. At least ten (10) days prior to Closing, Seller and Buyer shall mutually agree on the then-applicable unamortized balance of the Customer Loans as of the Closing Date (the “Customer Loan Balance”).
Sample 1
Customer Loans. The underlying agreements will reside on the Borrower’s paper and systems. There will only be one facility between the Borrower and Conister. The underlying agreements will be assigned against the Wholesale Funding Agreement (WFA) facility to Conister. Security over assets and the collections account A collection account will be set up jointly between the Borrower and Conister with a legal charge over the account by Conister. All direct debits for the underlying loans are expected to be called into this collection account and this must be segregated from opex accounts. Conister will also expect to take a debenture/ charge over the company’s assets. Repayment reserve At all times a minimum of 3% up to 10% of the principle amount borrowed will need to be included within an account held with Conister. Interest only repayments with capital payment on expiry/termination of loan The key feature of this product is that the Borrower will only make interest repayments during the term of the loan and repay the capital element as the term ends (termination date). This allows a potential Borrower greater liquidity during the term of the facility. Borrowing base schedules Conister will fund the full advance of the debt, as long as the gross receivable is 125%-300% of the advance. A security over the underlying agreements will be taken; this fundamentally means that on drawdown of the facility the underlying agreements will be assigned to Conister. This percentage can vary between 125%-300% and is based on gross receivables. Precedent documents The Borrower will be requested to provide a number of satisfactory documents to Conister which constitutes the precedent conditions to be met before the agreement goes live. Audits and pre-lend audit A pre-lend audit will be undertaken by an independent firm during the on boarding process which entails a review of the Borrower’s processes. Quarterly audits will be carried out through both remote and site visits. This will look at all aspects of the Borrower but focus on a review of underlying agreements, regulatory compliance and financial performance. Collateral report/compliance certificate and borrowing base schedule These reports and schedules are how Conister will review and monitor information regularly in respect of the Borrower, and looks at underlying loans and financial/borrowing base covenants. The WFA facility has a number of reports that are expected to be sent to Conister on a regular basis to ensure that the Borrow...
Sample 1
Customer Loans. The underlying agreements will reside on the Borrower’s paper and systems. There will only be one facility between the Borrower and Conister. The underlying agreements will be assigned against the Block facility to Conister on each drawdown. Security over assets Conister will also expect to take a floating charge over the Borrower’s assets. On each drawdown underlying assets will be secured and assigned to Conister through a deed of assignment. Capital and Interest payment The key feature of this product is that the Borrower will make capital and interest repayments during the term of the loan (maximum 5 years). Security cover ratio Conister will fund a percentage of the advance of the debt, and will expect a security cover ratio of between 125%-300% of the gross receivables on drawdown. Replacement paper If the underlying agreements that are assigned by the Borrower go into arrears/default, then this can be replaced by further loans (unencumbered assets) which will be assigned to Conister. Therefore, allowing the Borrower to always meet the covenants agreed of 125%-300% asset cover.
Sample 1
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Customer Loans 
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Related to Customer Loans

  • Customer Accounts The Bank agrees to establish and maintain the following accounts ("Accounts"):

  • Customer Contracts 6.2.1 The Redistributor should ensure that its contracts with its Customers give it all necessary rights to control and monitor Data use.

  • SIGNIFICANT CUSTOMERS; MATERIAL CONTRACTS AND COMMITMENTS The Company has delivered to TCI an accurate list (which is set forth on Schedule 5.15) of all customers (persons or entities) representing 1% or more of the Company's annual revenues for the year ended December 31, 1997; provided, however, that Schedule 5.15 need not set forth more than the Company's 20 largest customers during such period. Except to the extent set forth on Schedule 5.15, none of such customers have canceled or substantially reduced or, to the knowledge of the Stockholders, are currently attempting or threatening to cancel a contract or substantially reduce utilization of the services provided by the Company. The Company has listed on Schedule 5.15 all Material Contracts (as defined below) to which the Company is a party or by which it or any of its properties are bound, other than agreements listed on Schedules 5.10, 5.14 or 5.16, (a) in existence as of the Balance Sheet Date and (b) entered into since the Balance Sheet Date, and in each case has delivered true, complete and correct copies of such agreements to TCI. For purposes of this Agreement, the term "Material Contracts" includes contracts between the Company and significant customers (as described above), joint venture or partnership agreements, contracts with any labor organization, strategic alliances, options to purchase land and other contracts which are not terminable on sixty days or less notice and involve payments by the Company in any twelve-month period in excess of $25,000. The Company has also indicated on Schedule 5.15 a summary description of all plans or projects involving the opening of new operations, expansion of existing operations, the acquisition of any personal property, business or assets requiring, in any event, the payment of more than $25,000 by the Company during any 12- month period. To the knowledge of the Stockholders, all of the Material Contracts are in full force and effect and constitute valid and binding agreements of the parties (and their successors) thereto in accordance with their respective terms except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to the enforcement of creditors' rights generally and by general principles of equity.

  • Customer List The Administrative Agent shall have received a true and complete customer list for the Borrower and its Subsidiaries, which list shall state the customer’s name, mailing address and phone number and shall be certified as true and correct by a Financial Officer.

  • Customer Lists We hereby agree that we shall not use any list of your customers which may be obtained in connection with this Agreement for the purpose of solicitation of any product or service without your express written consent. However, nothing in this paragraph or otherwise shall be deemed to prohibit or restrict us or our affiliates in any way from solicitations of any product or service directed at, without limitation, the general public, any segment thereof, or any specific individual, provided such solicitation is not based upon such list.

  • Customer Obligations 6.1 The Customer shall:

  • Customers; Suppliers Executive does not have, and at any time during the term of this Agreement shall not have, any employment with or any direct or indirect interest in (as owner, partner, shareholder, employee, director, officer, agent, consultant or otherwise) any customer of or supplier to Company.

  • Interconnection Customer Obligations The Interconnection Customer shall maintain the Large Generating Facility and the Interconnection Customer’s Interconnection Facilities in a safe and reliable manner and in accordance with this LGIA.

  • Supplier                                Note Good afternoon, We encourage you to reach out with questions and concerns at xxxx@xxxxxxxxxxxxxxx.xxx or call us at 000-000-0000. We look forward to do business with TIPS! Best, Xxxx Xxxxxxx President Check My Universe Requested Attachments Agreement Signature Form Filled out Agreement Signature Form Check My Universe.pdf If you have not taken exception or deviation to the agreement language in the solicitation attributes, download the AGREEMENT SIGNATURE FORM from the "ATTACHMENTS" tab. This PDF document is a fillable form. Download the document to your computer, fill in the requested company information, print the file, SIGN the form, SCAN the completed and signed AGREEMENT SIGNATURE FORM, and upload here. If you have taken exception to any of the agreement language and noted the exception in the deviations section of the attributes for the agreement, complete the AGREEMENT SIGNATURE FORM, but DO NOT SIGN until those deviations have been negotiated and resolved with TIPS management. Upload the unsigned form here, because this is a required document. All Other Certificates WBENC_CheckMyUniverse.pdf All Other Certificates (if applicable) must be scanned and uploaded. If vendor has more than one other certification scan into one document. (PDF Format ONLY) DO NOT UPLOAD encrypted or password protected files. Pricing Form 2 Pricing Form 2 Check My Universe.pdf The vendor must download the PRICING SPREADSHEET SHEET from the attachment tab, fill in the requested information and upload the completed spreadsheet. DO NOT UPLOAD encrypted or password protected files.

  • Customer Audit Customer or its independent third party auditor reasonably acceptable to SAP (which shall not include any third party auditors who are either a competitor of SAP or not suitably qualified or independent) may audit SAP’s control environment and security practices relevant to Personal Data processed by SAP only if:

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