Examples of Borrower Member in a sentence
Lender shall have received copies of all consents, licenses and approvals, if any, required in connection with the execution, delivery and performance by Borrower, Member and Guarantor and the validity and enforceability, of the Loan Documents, and such consents, licenses and approvals shall be in full force and effect.
As part of the administrative function we provide, when we process a FundingKnight Loan Request, we will conduct a credit reference check in respect of any Borrower Member with a credit reference agency.
As part of the administrative function we provide, when we process a Guest Loan Request we may at our sole discretion conduct a credit reference check in respect of any Borrower Member with a credit reference agency.
The Administrative Agent hereby notifies the Borrower that, pursuant to the requirements of the Patriot Act, it and any other Agent and any Lender shall be required to obtain, verify and record information that identifies the Borrower and the Borrower Member, which information includes the names and addresses and other information that will allow it, any other Agent or any Lender to identify the Borrower and the Borrower Member in accordance with the requirements of the Patriot Act.
Notwithstanding the foregoing, Borrower may in the ordinary course of business maintain at Xxxxx Fargo Bank, N.A. (i) the Trust Account in trust for Lender Members; (ii) the Borrower Account solely to process incidental amounts for Borrower Members, provided that the balance of the Borrower Account shall not at any time exceed $5,000; and (iii) the Investor Account solely to process amounts collected on Borrower Member Loans financed by any Investor Credit Facility.