FCFC definition
Examples of FCFC in a sentence
In addition, FCFC may assign this Agreement and its rights and duties hereunder at any time, without the consent of or notice to Borrower.
The warranties, representations and agreements set forth herein shall be cumulative and in addition to any other warranties, representations and agreements which Borrower shall now or hereafter give, or cause to be given to FCFC.
Notwithstanding such termination, until all Obligations have been fully satisfied, FCFC shall retain its security interest in all existing Collateral and Collateral arising thereafter, and Borrower shall continue to turn over all collections from the Accounts to FCFC.
No consent to any assignment by FCFC shall release Borrower or any guarantor of its Obligations to FCFC.
All such policies of insurance (except those of public liability and property damage) shall contain an endorsement in a form satisfactory to FCFC showing FCFC as the loss payee.
Borrower shall deliver to FCFC certified copies of such policies of insurance and evidence of the payment of all premiums therefor.
FirstCity Holdings Corporation (“FCH”), a second tier subsidiary of FCFC, and CFSC Capital Corp.
All such policies of insurance shall be in such form, with such companies and in such amounts as may be satisfactory to FCFC.
FCFC need not contest nor inquire as to the validity of any such expense, tax, security interest, encumbrance or lien, and the receipt of the usual official notice for the payment thereof shall be conclusive evidence that the same was validly due and owing.
In the event that the FCFC administrative agency changes during the term of this Agreement, the Department will terminate the existing Agreement upon receipt of documentation that the responsibilities of administrative agent to the FCFC have been transferred.