Bank’s Credit Program definition

Bank’s Credit Program means the credit program established by the Bank as it is described in the Bank's "Guide to the Credit Program" and "Collateral Guidelines," as the same may be amended or supplemented from time to tune.
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Examples of Bank’s Credit Program in a sentence

  • The Member agrees to repay each Advance or any other amount due in accordance with this Agreement and the applicable terms and provisions of the Bank’s Credit Program and, where relevant, the terms and conditions of the applicable Confirmation.

  • The Member will (1) maintain a copy of this Agreement in its official records at all times, and (2) use the proceeds from all Advances constituting long-term Advances, as defined in the Bank’s Credit Program, only for the purposes of providing funds for residential housing finance.

  • Each Advance or Commitment will be governed by the terms of this Agreement, the Bank’s Credit Program, the related Confirmation, and any other writing applicable thereto.

  • The Bank’s obligation to fund any Commitment will be subject to compliance by the Member with the terms and provisions of this Agreement, including without limitation, the Collateral maintenance requirements set forth in Section IV.A., and satisfaction by the Member of the applicable credit considerations and other eligibility requirements and policies described in the Bank’s Credit Program.

  • Interest with respect to a given type of Advance as specified in the related Confirmation will be determined on the basis described in the related Confirmation and otherwise as described in the Bank’s Credit Program for such type of Advance.

  • Notwithstanding anything to the contrary in the Advances Agreement or Bank’s Credit Program, such Advance shall be immediately due and payable, without demand, and shall bear interest from the date the same shall be made until paid at the rate in effect and being charged by Bank from time to time on its Other Cash Needs-Variable Rate Credit Program.

  • Accrued interest on each Advance will be due and payable at the times specified in the related Confirmation, the Bank’s Credit Program, or otherwise as specified in this Agreement or as agreed to in writing by the Member and the Bank.

  • The Member agrees to comply with the terms and provisions of the Bank’s Credit Program, including without limitation, any reporting requirements, application procedures, or eligibility requirements described in the Bank’s Credit Program with respect to particular types of Advances or Collateral.

  • All Collateral and the Member’s compliance with the terms of this Agreement and the Bank’s Credit Program will be subject to audit and verification by the Bank.

  • The Member agrees to pay when due any fees applicable to any Commitments issued by the Bank, including any fees applicable to the amendment or cancellation of such Commitments, as specified in the related Confirmation or the Bank’s Credit Program.

Related to Bank’s Credit Program

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Collateral Agent maintained at the office of the Collateral Agent at ▇▇▇▇▇▇ Square North, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ designated as the “Spirit Pledge Account” that shall be used solely for the purposes set forth herein.

  • Letter of Credit Accommodations means, collectively, the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of any Borrower or Obligor or (b) with respect to which Agent or Lenders have agreed to indemnify the issuer or guaranteed to the issuer the performance by any Borrower or Obligor of its obligations to such issuer; sometimes being referred to herein individually as "Letter of Credit Accommodation".

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Lender credit card means a credit card issued by a lender.