Farm Credit Lender definition

Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration.

Farm Credit Lender means a federally chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971.

Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971, as amended and under the regulation of the Farm Credit Administration.

Examples of Farm Credit Lender in a sentence

• The voting rights of each Voting Participant are solely for the benefit of such Voting Participant and shall not inure to any assignee or participant of such Voting Participant that is not a Farm Credit Lender.

• Each Farm Credit Lender reserves the right to assign or sell participations in all or any part of its Commitments or outstanding Loans hereunder on a non-patronage basis.

• The Farm Credit Equities of a particular Farm Credit Lender shall not constitute security for the Obligations due to any other Lender.

• No applicable Farm Credit Lender shall have any obligation to retire its Farm Credit Equities at any time, including during the continuance of any Default or Event of Default, either for application to the Obligations or otherwise.

• Neither the Farm Credit Equities nor any accrued patronage shall be offset against the Obligations except that, in the event of an Event of Default, a Farm Credit Lender may elect, solely at its discretion, to apply the cash portion of any patronage distribution or retirement of equity to amounts due under this Agreement.

More Definitions of Farm Credit Lender

Farm Credit Lender means a federally-chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971, as the same may be amended or supplemented from time to time. When used in this Agreement in reference to the Lender Equities, “Farm Credit Lender” shall also include the affiliate of such Farm Credit Lender in which such Lender Equities are purchased or acquired, as applicable.

Farm Credit Lender has the meaning assigned to such term in Section 10.04(e).

Farm Credit Lender means federally-chartered Farm Credit System lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971, as the same may be amended or supplemented from time to time.

Farm Credit Lender federally-chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971, as the same may be amended or supplemented from time to time.

Farm Credit Lender means a federally-chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971. “FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board.

Farm Credit Lender means a federally-chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is

Farm Credit Lender means a federally-chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971. “FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the Original Closing Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future Treasury regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code, and any fiscal or regulatory legislation, rules or official practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. “Federal Funds Rate” means, for any day, the rate per annum calculated by the Federal Reserve Bank of New York based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. “Fee Letter” means, individually or collectively, as the context may require, (a) that certain fee letter dated as of May 28, 2019 by and between the Borrower and AWFC (successor in interest to Northwest Farm Credit Services, PCA), (b) that certain fee letter dated as of October 27, 2022 by and between the Borrower and AWFC (successor in interest to Northwest Farm Credit Services, PCA), (c) the Restatement Effective Date Fee Letter and (d) the First Amendment Effective Date Fee Letter.