CFC Loan Agreement definition
Examples of CFC Loan Agreement in a sentence
The Collateral is security for the CFC Loan, which is included in the Collateral (as defined in, and granted by the Borrower to the Agent pursuant to, the Loan Documents), and in the event of a Borrower Default, the Agent shall have all of the rights and remedies with respect to the CFC Loan Agreement, [the CFC Note] and the CFC Collateral as provided for in the Loan Documents.
A default in the payment of the principal of (or premium, if any, on) the Series 2010A CFC Note and the continuance of such default for a period of five (5) "Business Days" (as defined in the CFC Loan Agreement) shall constitute an Event of Default under Section 8.1 B of the Original Indenture.
For example, if Mackie made capital expenditures during fiscal year 2003 of $5,000,000, the figure of $4,000,000 (which is the maximum amount of capital expenditures that Mackie is permitted to make during fiscal year 2003 in accordance with Section 9.18 of the CFC Loan Agreement) would be used for purposes of calculating Adjusted EBITDA and determining the Annual Excess Cash Flow Amount for the fiscal year in question.
All of the deposit accounts, investment accounts or other accounts in the name of or used by Mackie or any Guarantor maintained at any bank or other financial institution are set forth on Schedule 5.10 to the Information Certificate, subject to the right of Mackie and the Guarantors to establish new accounts in accordance with the CFC Loan Agreement.
I have also examined the following documents as executed and delivered: (1) the CFC Loan Agreement, (2) the five Secured Promissory Notes ("CFC Notes"), each dated ________________, 19 , in the principal amounts of $4,301,075, $2,365,591, $4,301,075, $3,763,441 and $3,225,806, payable to the order of CFC, and (3) the Restated Mortgage and Security Agreement ("Mortgage"), dated as of SEPTEMBER 21, 1988, made by and between the Borrower and CFC.
A default in the payment of any interest upon the Series 2010A CFC Note within five (5) "Business Days" (as defined in the CFC Loan Agreement) of when such interest becomes due and payable shall constitute an Event of Default under Section 8.1 A of the Original Indenture.
INC., organized under the laws of the State of TEXAS ("Borrower"), and render this opinion to you in connection with the five loans in the aggregate principle amount of $17.956.988 provided for in the loan agreement ("CFC Loan Agreement"), dated as of _____________________ , 19____ , made by and between the Borrower and National Rural Utilities Cooperative Finance Corporation ("CFC").
Pursuant to the CFC Loan Agreement CFC has made or shall make loans to the CFC Borrower in a principal amount not to exceed $_______________ at any.
I have also examined the following documents as executed and delivered: (1) the CFC Loan Agreement, (2) the Secured Promissory Note (hereinafter called the "CFC Notes"), dated _______________ , 19____, in the principal amount of $_____________________ , payable to the order of CFC, and (3) the Consolidated Mortgage and Security Agreement, (hereinafter called the "Mortgage"), dated as of ______________ , 19____ , made by and Among the Borrower, the United States of America and CFC.
I have also examined the following documents as executed and delivered: (1) the CFC Loan Agreement, (2) the Secured Promissory Note ("CFC Note") , dated ___________________ 19____, in the principal amount of $___________, payable to the order of CFC, and (3) the __________________ Mortgage and Security Agreement ("Mortgage"), dated as of ____________________________, made by and between the Borrower and CFC.