FINANCIAL DEALINGS definition

FINANCIAL DEALINGS. Except as set forth in detail in a separate written explanation attached to and made a part of this Commitment, or previously delivered to Lender, neither Borrower, its Principal Owners (being defined as any person or entity directly or indirectly owning or controlling 25.0% or more of an ownership interest in Borrower or having the power to direct the management and polies of Borrower, whether by contract, through an ownership interest, or otherwise) nor any Key Principals: (i) during the past seven years, has had any judgment remain unsatisfied more than 30 days; (ii) during the past seven years, has transferred its right, title, and interest in a property through a deed-in-lieu or foreclosure action, or has filed or has had filed against it any action under the bankruptcy laws of the United States, (iii) is currently a co-maker; endorser or guarantor on or of any note (except as disclosed to Lender in writing as provided above); (iv) is currently a party to any lawsuit; (v) has received notice of, or is otherwise aware of, any bankruptcy, insolvency or comparable proceedings, condemnation, litigation, or any other action against or affecting the Property, Borrower or any Key Principals or contemplates filing Exhibit 10.8 any such proceedings; or (vi) has ever been convicted of a felony. Any such exception must be acceptable to Lender. Neither Borrower, its Principal Owners, nor any Key Principals has any other loan closed or pending with Lender, and this Loan is not related to any other loan or proposed loan from Lender except as follows: -------------------------------------------------------------------------------- ADDITIONAL CERTIFICATIONS: Borrower and all of its Principal Owners are domestic United States entities or individuals, and neither Borrower nor any of its Principal Owners is a pension, retirement, welfare, benefit or other "employee benefit plan" as defined in applicable provisions of the Employee Retirement Income Security Act of 1974 (as amended from time to time and including the regulations promulgated thereunder, "ERISA") or owns "plan assets" as defined in ERISA, and no employee benefit plan owns or controls, directly or indirectly, any interests in Borrower or any of its Principal owners. The provisions of this paragraph shall survive the termination of this Commitment, and Borrower and Key Principals warrant that the representations made in this paragraph shall continue to be true and correct until all sums owed under the Loan Do...

Examples of FINANCIAL DEALINGS in a sentence

  • Choose the appropriate selection from the drop-down menu.Federal ID NumberThis refers to the number assigned by the government for tax purposes.

  • FURTHER, ISP SHALL NOT BE NAMED AS A PARTY, CALLED AS A WITNESS, OR SERVED DISCOVERY REQUESTS IN ANY DISPUTE BETWEEN CLIENT AND HOST REGARDING THE FINANCIAL DEALINGS BETWEEN CLIENT AND HOST.

  • DEALINGS/ETHICS TAB ARS PI FINANCIAL DEALINGS If Yes, please explain.

  • CONSTITUTIONALITY OF THE SUNSHINE AMENDMENT THAT REQUIRED PUBLIC OFFICIALS TO MAKE DISCLOSURE OF ALL FINANCIAL DEALINGS.

  • PAGE 123.2. IMPLICATIONS OF THE TRANSACTION ON THE STRATEGIES PERTAINING TO THE COMMERCIAL, FINANCIAL DEALINGS AND THE CENTRALIZED PERFORMANCE OF SERVICES BETWEEN GROUP COMPANIES……..

  • FINANCIAL DEALINGS OR ACTIONS OF THE NATURE OF SUCH DEALINGS COVERED AND DEFINED THROUGHOUT THIS AGREEMENT SHALL BE CONSIDERED AS HIGH-RISK FINANCIAL UNDERTAKINGS.

  • FURTHER, ISP SHALL NOT BE NAMED AS A PARTY, CALLED AS A WITNESS, OR SERVED DISCOVERY REQUESTS IN ANY DISPUTE BETWEEN STUDENTS AND HOSTS REGARDING THE FINANCIAL DEALINGS BETWEEN STUDENTS AND HOSTS.

  • She will compute z-scores (yit ) for all available years and she will call it history Hi. Because these scores are subject- specific, she has to treat them as time-varying endogenous variables.

  • PERSONAL FINANCIAL DEALINGS Personal financial dealings with a client should be avoided as they create a potential for the Approved Person to place his/her own interests above those of the client.

  • FINANCIAL DEALINGS - LEND AND BORROW (dd) To invest and deal with the money of the Company in such manner as may from time to time be thought fit.

Related to FINANCIAL DEALINGS

  • Financial Intermediary means a financial intermediary as that term is defined in Rule 22c-2.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

  • Financial Instrument” shall mean the Financial Instruments under the Company’s CIF license which can be found in the document “Company Information” on the Website. It is understood that the Company does not necessarily offer all the Financial Instruments which appear on its CIF license but only those marketed on its Website from time to time.

  • Financial Services Provider means any Lender and any other provider of financial services or products;

  • financial entity means the following entities which meet such criteria or conditions as the Central Government may, in consultation with the financial sector regulator, notify in this behalf, namely:

  • Financial aid means loans and/or grants to needy students

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

  • Financial Data means any financial and market data, price quotes, news, analyst opinions, research reports, signals, graphs or any other data or information whatsoever available through the Trading Platform.

  • Financial Transaction means purchase, redemption, exchange or any other transaction involving the movement of Shares initiated by an End-User.

  • Financial Projections has the meaning provided in Section 5.07(b).

  • Financial Contract of a Person means (i) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics or (ii) any Rate Management Transaction.

  • Financial Information has the meaning set forth in Section 3.14.

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Financial Crime means money laundering, terrorist financing, bribery, corruption, tax evasion, fraud, evasion of economic or trade sanctions, and/or any acts or attempts to circumvent or violate any Laws relating to these matters.

  • Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.

  • Financial Debt means a debt along with interest, if any, which is disbursed against the consideration for the time value of money and includes—

  • Financial Advisors has the meaning set forth in Section 4.26.

  • Financial Period means a period for which a profit and loss account of a company is made up in accordance with this Law;

  • Commercial Purposes means any commercial or profit generating purpose including the sale, lease of other transfer of the Material and includes uses of the Material by any organisation, including Recipient, to perform contract research, to produce or manufacture products for general sale, or to conduct research activities that result in any sale, lease, license, or transfer of the Material.

  • Financial Products “Development Services”; “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.