Common use of Secured Bank Product Provider Clause in Contracts

Secured Bank Product Provider. (a) Agent, Capital One or any of their respective Affiliates; and (b) any Lender or Affiliate of a Lender that is provides a Bank Product, provided, however, in the case of this clause (b), such Lender delivers written notice to Agent, in form and substance satisfactory to Agent, by the later of the Closing Date or 10 days following the entering into or creation of a Bank Product, (i) describing the Bank Product and setting forth the maximum amount of the related Secured Bank Product Obligations (subject to subsequent increase or decrease as set forth in the definition thereof) which is to be secured by the Collateral and the methodology to be used in calculating such amount, and (ii) agreeing to be bound by Section 12.14. Secured Parties: Agent, Issuing Bank, Lenders and Secured Bank Product Providers.

Appears in 4 contracts

Samples: Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc)

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Secured Bank Product Provider. (a) Agent, Capital One or any of their respective Affiliates; and (b) any Lender or Affiliate of a Lender that is provides a Bank Product, provided, however, in the case of this clause (b), such Lender delivers written notice to Agent, in form and substance satisfactory to Agent, by the later of the Closing Date or 10 days following the entering into or creation of a Bank Product, (i) describing the Bank Product and setting forth the maximum amount of the related Secured Bank Product Obligations (subject to subsequent increase or decrease as set forth in the definition thereof) which is to be secured by the Collateral and the methodology to be used in calculating such amount, and (ii) agreeing to be bound by Section 12.14. Secured Parties: Agent, Issuing Bank, Lenders and Secured Bank Product Providers.

Appears in 2 contracts

Samples: Loan and Security Agreement (P&f Industries Inc), Loan and Security Agreement (P&f Industries Inc)

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Secured Bank Product Provider. (a) Agent, Capital One or any of their respective Affiliates; and (b) any Lender or Affiliate of a Lender that is provides a Bank Product, provided, however, in the case of this clause (b), such Lender Xxxxxx delivers written notice to Agent, in form and substance satisfactory to Agent, by the later of the Closing Date or 10 days following the entering into or creation of a Bank Product, (i) describing the Bank Product and setting forth the maximum amount of the related Secured Bank Product Obligations (subject to subsequent increase or decrease as set forth in the definition thereof) which is to be secured by the Collateral and the methodology to be used in calculating such amount, and (ii) agreeing to be bound by Section 12.14. Secured Parties: Agent, Issuing Bank, Lenders and Secured Bank Product Providers.

Appears in 1 contract

Samples: Loan and Security Agreement (P&f Industries Inc)

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