RECITALS Sample Clauses

RECITALS. Borrower wishes to obtain credit from time to time from Bank, and Bank desires to extend credit to Borrower. This Agreement sets forth the terms on which Bank will advance credit to Borrower, and Borrower will repay the amounts owing to Bank.

RECITALS. The parties agree that the foregoing recitals are true and correct and that such recitals are incorporated herein by reference.

RECITALS. The recitals stated above are true and correct, are incorporated herein, and form an integral part of this Agreement.

RECITALS. The recitals set forth above are incorporated herein by reference and made a part of this Agreement.

RECITALS. This Agreement is made with reference to the following facts:

RECITALS. The Company and each Buyer is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”), and Rule 506(b) of Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the 1933 Act.

RECITALS. The recitals to this Agreement are incorporated herein.

RECITALS. The above recitals are incorporated herein by reference.

RECITALS. The Corporation recognizes that competent and experienced persons are increasingly reluctant to serve or to continue to serve as directors or officers of corporations unless they are protected by comprehensive liability insurance or indemnification, or both, due to increased exposure to litigation costs and risks resulting from their service to such corporations, and due to the fact that the exposure frequently bears no reasonable relationship to the compensation of such directors and officers;