Other Loans by Lender with Loans Enrolled in Small Business Credit Guaranty Program Sample Clauses

Other Loans by Lender with Loans Enrolled in Small Business Credit Guaranty Program. GHFA EDFI acknowledges that the Lender may have other existing loans with a Borrower that were made prior to the date of any loan enrolled by Xxxxxx in the Small Business Credit Guaranty Program ("Prior Loans") and may, in the future, make additional loans to the Borrower that are not enrolled by the Lender in the Small Business Credit Guaranty Program ("Future Loans"). After an event of default by a Borrower with respect to any Prior Loans, the loan enrolled by the Lender in the Small Business Credit Guaranty Program or any Future Loans, then in any collection proceeding or legal action taken by the Lender against a Borrower to collect amounts due under such loans (if any) and in any decisions or instructions concerning the priority of distribution of any amounts received by the Lender from the Borrower resulting from the Lender's or any other party's collection efforts in respect of such loans, any proceeds collected by the Lender or such other party shall be applied in the following order:
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Other Loans by Lender with Loans Enrolled in Small Business Credit Guaranty Program. GHFA EDFI acknowledges that the Lender may have other existing loans with a Borrower that were made prior to the date of any loan enrolled by Lender in the Small Business Credit Guaranty Program ("Prior Loans") and may, in the future, make additional loans to the Borrower that are not enrolled by the Lender in the Small Business Credit Guaranty Program ("Future Loans"). After an event of default by a Borrower with respect to any Prior Loans, the loan enrolled by the Lender in the Small Business Credit Guaranty Program or any Future Loans, then in any collection proceeding or legal action taken by the Lender against a Borrower to collect amounts due under such loans (if any) and in any decisions or instructions concerning the priority of distribution of any amounts received by the Lender from the Borrower resulting from the Lender's or any other party's collection efforts in respect of such loans, any proceeds collected by the Lender or such other party shall be applied in the following order: First, to reimburse the Lender for the reasonable costs of any such collection action; Second, to pay interest, fees and principal with respect to the Prior Loans; Third, to pay interest, fees and principal with respect to loans or other financings to which the Enrolled Loan is subordinated; Fourth, to pay interest, fees and principal with respect to Enrolled Loans; and Fifth, to pay interest, fees and principal with respect to the Future Loans (to the extent the Enrolled Loans have not been expressly subordinated thereto). The foregoing provisions shall not in any way limit the obligations of the Lender to take action against the Borrower after the occurrence of an event of default.
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Related to Other Loans by Lender with Loans Enrolled in Small Business Credit Guaranty Program

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Credit to Other Postsecondary Institutions Complete Articulation Agreement-Student will have to take at least one course at SSC to transfer articulated credit. (College Credit Plus courses apply) Agreements will be reviewed annually For questions, please feel free to contact, Xxxxxx XxXxxxx at 000-000-0000 X0000 or email – Xxxxxxxx@xxxxxxxxxx.xxx Xxxxx State College Articulation Agreement Information Technology Programming and Software Development Part B • Xxxxxxxxx High School – Web Programming & Design Student: Please complete the upper portion of this application and forward it to your high school program teacher to complete the lower portion. Credit for advanced standing courses will be given at the end of the college semester. Please be sure Xxxxx State College (SSC) has a copy of your final High School Transcript. The student must enroll in at least one course at SSC within one year of high school graduation to be eligible to receive articulated credit(s). The student must successfully complete the SSC course to receive articulated credit(s).

  • Interlibrary Loan Using electronic, paper, or intermediated means, the Participating Institutions may at their discretion fulfill occasional requests from other institutions, a practice commonly called Interlibrary Loan ("ILL"). The Distributor agrees and ensures that the Publisher will agree that the electronic form of the Licensed Materials may be used as a source for the ILL whereby articles and/or chapters can be printed and these print copies can be delivered via postal mail, fax, or fax-based service to fulfill ILL requests from an academic, research or other non-commercial library. Requests received from for-profit companies will not be honored. An ILL through secure electronic transmission, as demonstrated by the ARIEL, is permitted. Files transmitted in this manner must carry copyright notices and comply with the applicable law.

  • Related Loans (a) Assuming Institution shall use its best efforts to determine which loans are “Related Loans,” as hereinafter defined. The Assuming Institution shall not manage, administer or collect any “Related Loan” in any manner that would have the effect of increasing the amount of any collections with respect to the Related Loan to the detriment of the Shared-Loss Loan to which such loan is related. A “

  • Financial Institution with a Local Client Base A Financial Institution satisfying the following requirements:

  • OFFSET CREDIT/COOPERATION This Contract has been entered into in direct support of LOCKHEED XXXXXX'x international offset programs. All offset benefit credits resulting from this Contract are the sole property of LOCKHEED XXXXXX to be applied to the offset program of its choice. SELLER shall assist LOCKHEED XXXXXX in securing appropriate offset credits from the respective country government authorities.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Financial Institution with Only Low-Value Accounts An Estonian Financial Institution satisfying the following requirements:

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

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