LOAN DECISIONS Clause Samples

LOAN DECISIONS. The County Board of Supervisors, by the execution of this Agreement, approves the nine (9) member KABA Finance Committee as the administrative board for all individual loan decisions.
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LOAN DECISIONS. The Borrower, independently and without the influence of the Creditor, and based on such documentation and information as it has deemed appropriate, conducted its own credit analysis and made its own decision in entering into this Agreement and the other Loan Documents to which it is or will be a party.
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LOAN DECISIONS. Loan decisions will only be made at LRC meetings when a quorum is present; if there is no quorum, the loan will not be decided. A quorum shall consist of a simple majority of members. A LRC member must be present either in person or by telephone to be counted in the quorum. Members will be provided and will review the loan application and all supporting documents prior to LRC meetings. A simple majority vote will decide the issue. Proxy voting is not allowed. Documentation of the LRC’s decisions is maintained as minutes in the BCRLF records. Minutes from the previous meeting will be approved, corrected, or amended by vote of the LRC at the next meeting. Borrowers will be notified of the LRC’s decision within one week of the LRC meeting. For approved loans, a commitment letter outlining the general terms and conditions will be mailed to the borrower. A City of Cheyenne attorney will review the commitment letter prior to mailing, if needed. The commitment letter will explain collateral requirements, insurance coverage, and related documentation required.
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Related to LOAN DECISIONS

  • Credit Decisions Each Lender acknowledges that it has, independently of the Administrative Agent and each other Lender, and based on such Lender’s review of the financial information of the Borrower, the Loan Documents (the terms and provisions of which being satisfactory to such Lender) and such other documents, information and investigations as such Lender has deemed appropriate, made its own credit decision to extend its Commitments. Each Lender also acknowledges that it will, independently of the Administrative Agent and each other Lender, and based on such other documents, information and investigations as it shall deem appropriate at any time, continue to make its own credit decisions as to exercising or not exercising from time to time any rights and privileges available to it under the Loan Documents.

  • Lenders’ Credit Decisions Each Lender agrees that it has, independently and without reliance upon the Administrative Agent, any other Lender or the directors, officers, agents, employees or attorneys of the Administrative Agent or of any other Lender, and instead in reliance upon information supplied to it by or on behalf of Borrower and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Lender also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Lender or the directors, officers, agents, employees or attorneys of the Administrative Agent or of any other Lender, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

  • Credit Decision Each Bank acknowledges that it has, independently and without reliance upon the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Bank also acknowledges that it will, independently and without reliance upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking any action under this Agreement.

  • Independent Credit Decisions Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder.

  • Lender Credit Decision Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.