FSB Contracts definition
FSB Contracts. With respect to each FSB Contract: (i) the Contract is legal, valid and binding on a FSB Entity and is in full force and effect and is enforceable in accordance with its terms (except as may be limited by the Bankruptcy and Equity Exceptions); (ii) no FSB Entity is in Default thereunder; (iii) no FSB Entity has repudiated or waived any material provision of any such Contract; and (iv) no other party to any such Contract is, to the Knowledge of FSB, in Default or has repudiated or waived any material provision thereunder. FSB has made available to ▇▇▇▇▇ true, correct and complete copies of each FSB Contract in effect as of the date hereof. All of the indebtedness of any FSB Entity for money borrowed is pre-payable at any time by such FSB Entity without penalty or premium.
Examples of FSB Contracts in a sentence
Except in the ordinary course of business consistent with past practice or as otherwise permitted under this Section 5.11, enter into or terminate any FSB Contract or amend or modify in any material respect any of its existing FSB Contracts.