Borrower Authorization definition

Borrower Authorization means a written authorization and direction on a form that is reasonably acceptable to the Lender, duly signed by Borrower, pursuant to which, in addition to such other things as Lender may reasonably require, (a) Borrower identifies and authorizes the individual or individuals who, acting alone, may act on behalf of Borrower pursuant to the Loan Documents; and (b) Borrower identifies the deposit account of Borrower into which the loan proceeds are to be deposited and provides the wire transfer instructions and other information for such deposit as Lender may require. Each Borrower Authorization shall remain in full force and effect unless and until Lender has received from the Borrower and acknowledged in writing an amendment or replacement of such authorization.
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Borrower Authorization means a written authorization and direction duly signed by Borrower, pursuant to which, in addition to such other things as Lender may require, (a) Borrower identifies and authorizes the individual or individuals who may, acting alone, may execute and deliver Disbursement Requests and otherwise act on the behalf of Borrower pursuant to the Loan Documents; and (b) Borrower identifies the deposit account of Borrower
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Borrower Authorization. The completed certification of Borrower in the appropriate form (corporate, partnership or proprietorship, as the case may be) attached as Exhibit "D" including all required attachments.
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Examples of Borrower Authorization in a sentence

  • The Borrower hereby authorizes the Administrative Agent to disburse any portion of the Loan made by the Lenders or any of their Affiliates pursuant to the Loan Documents as requested by an authorized representative of the Borrower to any of the accounts designated in the Borrower Authorization Forms delivered to Administrative Agent in connection herewith.

  • This Borrower Authorization is valid until revoked in writing by the undersigned, or until the loan issued in connection with this Application has been paid in full.

  • This Borrower Authorization form will allow Arvest or its authorized representative to share information about your loan account with third parties.

  • It is expressly understood by the Borrower, the Related Parties and the Lender, that absent the Borrower Authorization, the Lender would not enter into this Agreement, provide additional funding or otherwise forbear from exercising remedies on account of the Existing Defaults.

  • Borrower hereby authorizes Lender to pay, by withdrawal from a Borrower’s Funds Account, (i) interest, principal, and fees due pursuant to this Agreement, in each instance, on the date due, or (ii) after five days prior notice to any of the individuals named in the Borrower Authorization, other costs or expenses payable by a Credit Party hereunder or under the other Loan Documents.

  • The Borrower Authorization together with certificates evidencing the good standing of Borrower, the due authorization and proper licensure of Borrower to enter into the Loan Documents and to engage in the business of origination of Mortgage Loans in all jurisdictions in which it engages in such business.

Related to Borrower Authorization

  • Prior authorization means that we must approve the Services in advance in order for the Services to be covered.

  • ACH Authorization means the ACH Debit Authorization Agreement in substantially the form of Exhibit H.

  • Sell Authorization means that Partner needs to meet specific training and qualification requirements for the products included in an “On Premise” Product Family that Partner wants to resell as set out in detail in the PartnerEdge Program Guide and the applicable RSPI.

  • Governmental Authorization means any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority.

  • Service Authorization means that Open Ecosystem Partner needs to meet specific qualification requirements for the products included in a “Service” Product Family that Open Ecosystem Partner wants to promote and offer Services for as set out in detail in the Open Ecosystem Program Guide.