AFC definition
Examples of AFC in a sentence
Each Borrower hereby irrevocably appoints AFC as the borrowing agent and attorney-in-fact for each Borrower (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until Agent shall have received prior written notice signed by each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower.
It is understood that the handling of the Loan Account and Collateral in a combined fashion, as more fully set forth herein, is done solely as an accommodation to each Borrower in order to utilize the collective borrowing powers of AFC and TGLDC in the most efficient and economical manner and at their request, and that Lender Group shall not incur liability to any Borrower as a result hereof.