BAFC definition

BAFC. Bunge Asset Funding Corp., a Delaware corporation, and its successors and permitted assigns.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

BAFC means Bunge Asset Funding Corp., a Delaware corporation, and its successors and permitted assigns.

BAFC. Banc of America Funding Corporation. BANA: Bank of America, National Association, a national banking association, or its successor in interest. Book-Entry Certificate: All Classes of Certificates other than the Physical Certificates.

Examples of BAFC in a sentence

• BAFC shall repay any such LIBOR Liquidity Loan declared so due and payable in full on the last day of the Interest Period applicable thereto or earlier if required by law, together with accrued interest thereon.

• The Administrative Agent shall not be required to keep itself informed as to the performance or observance by BAFC, the Guarantor or any other Program Party of this Agreement, the other Transaction Documents or any other document referred to or provided for herein or therein or to make inquiry of, or to inspect the properties or books of BAFC, the Guarantor or other Program Parties.

• The Administrative Agent shall notify BAFC, the Guarantor, the Servicer and the Collateral Agent as promptly as practicable if any Letter of Credit Bank should fail or refuse to honor a drawing under the Letter of Credit.

• BAFC shall be entitled to assume that no Mandatory Liquidation Event shall have occurred and be continuing, unless a Responsible Officer of BAFC has actual knowledge thereof or BAFC has received notice from any Person that such Person considers that such a Mandatory Liquidation Event has occurred and is continuing.

• BAFC has no ERISA plan liability and is not subject to the requirements of ERISA.

• The Affected Person agrees to sell to the Replacement Person its outstanding Liquidity Loans (at par, with accrued interest through the date of purchase, in immediately available funds) and to delegate to the Replacement Person its obligations to BAFC and its future obligations to the Administrative Agent under this Agreement.

• Each Liquidity Bank shall furnish BAFC with a certificate prepared in good faith setting forth the basis for determining any additional amount to be paid to it hereunder, and such certificate shall be conclusive, absent manifest error, as to the contents thereof.

• BAFC is, and after giving effect to the incurrence of all Indebtedness and obligations being incurred in connection herewith will be and will continue to be, Solvent.

• All Monthly Settlement Statements, Daily Reports, financial statements, records, and other information furnished by or on behalf of BAFC, the Servicer or the Guarantor to the Administrative Agent or any Liquidity Bank hereunder shall be accurate in all material respects as of their respective date.

• The obligations of BAFC under this Agreement, the Liquidity Loan Notes, the Depositary Agreement, the Security Agreement and all other Transaction Documents are solely the corporate obligations of BAFC.

More Definitions of BAFC

BAFC means ▇▇▇▇▇ Asset Funding Corp., a Delaware corporation, and its successors and permitted assigns.

BAFC. Banc of America Funding Corporation, a Delaware corporation.

BAFC. Banc of America Funding Corporation. BANA: Bank of America, National Association, a national banking association, or its successor in interest.

BAFC means Bunge Asset Funding Corp., a Delaware corporation, and ▇▇▇ successors and permitted assigns.

BAFC. Banc of America Funding Corporation.