Chase Loan definition
Examples of Chase Loan in a sentence
Some Chase Loan and Credit Accounts will allow you to set up automatic payments.
Terms and conditions for automatic payments to Chase Loan and Credit Accounts will be presented to you at the time you set up the payments.
Payments to a Chase Loan or Credit Account from an account held by us may be made in amounts of up to the available balance in your Pay From account (plus any available balance in any associated overdraft protection account) per day.
If you submit a duplicate payment to Chase Loan or Credit Account, an error message may be displayed and such duplicate payments may not be permitted.
Notwithstanding anything in this Section 2.01(a) to the contrary, the grant, assignment and pledge of a security interest by the Borrower Parties hereunder of all of their respective right, title and interest in and to the Collateral is subject, pursuant to the terms and conditions of the Subordination Agreement, to the prior lien on the Collateral in favor of Chase as security for the credit facilities provided by Chase pursuant to the Chase Loan Agreements.
Future dated Payments to Chase Loan or Credit Accounts may be Cancelled until the Cutoff Time on the Payment date.
The Borrower Parties shall not directly or indirectly create, incur, assume, guarantee, or otherwise become or remain liable with respect to any Debt other than the Advances, indebtedness existing as of the date hereof as described on Schedule 3.05(b) hereto, capitalized leases obligations in an amount not to exceed $250,000 per annum at any time outstanding, and indebtedness to Chase for up to an aggregate principal amount of $3,750,000 pursuant to the Chase Loan Agreements, if any.
No effective financing statement or other document similar in effect covering all or any part of the Collateral is on file in any recording office (other than those in favor of Chase as security for the credit facilities provided by Chase pursuant to the Chase Loan Agreements).
The Advances are subordinated to the credit facilities provided by Chase pursuant to the Chase Loan Agreements as set forth herein, in the Security, Pledge and Guarantee Agreement and in the Subordination Agreement.
The Borrower is in default under a $3,500,000 Term Loan Agreement and a Security Agreement, both dated March 31, 1995 with The Chase Manhattan Bank (the "Chase Loan Documents").