Huffy definition
Examples of Huffy in a sentence
Borrowers shall furnish certificates, policies or endorsements to Agent as Agent shall reasonably require as proof of such insurance, and, if any Borrower fails to do so, Agent is authorized, but not required after notice to Huffy, to obtain such insurance at the expense of Borrowers.
Ninety-nine and one-half (99 1/2%) percent of all of the issued and outstanding shares of Class A common stock of Huffy Risk Management, Inc.
Agent may at any time and from time to time request a certificate from an officer of Huffy representing that all conditions precedent to the making of Loans and providing Letter of Credit Accommodations contained herein are satisfied.
Subject to the terms and conditions contained herein, Agent or Lenders may disburse the Loans to such bank account of a Borrower or otherwise make such Loans to a Borrower and provide such Letter of Credit Accommodations to a Borrower as Huffy may designate or direct, without notice to any other Borrower or Obligor.
Agent shall notify each Lender and Huffy in writing of each such Special Agent Advance, which notice shall include a description of the purpose of such Special Agent Advance.
Huffy will be promptly notified by Agent in the event that any non-dollar denominated payment or collection is not immediately so accepted or applied.
Each such statement shall be subject to subsequent adjustment by Agent but shall, absent manifest errors or omissions, be considered correct and deemed accepted by Borrowers and Guarantors and conclusively binding upon Borrowers and Guarantors as an account stated except to the extent that Agent receives a written notice from Huffy of any specific exceptions of Huffy thereto within thirty (30) days after the date such statement has been mailed by Agent.
Such payments in respect of the Obligations and cash collateral shall be remitted by wire transfer in Federal funds to such bank account of Agent, as Agent may, in its discretion, designate in writing to Huffy for such purpose.
No action or proceeding before a court or any other governmental agency or body shall have been instituted or threatened to restrain or prohibit the transaction herein contemplated, and no governmental agency or body shall have taken any other action or made any request of Huffy or Sellers or Purchaser as a result of which Purchaser reasonably and in good fait▇ ▇▇▇▇▇ ▇▇▇t to proceed with the transactions hereunder may constitute a violation of law.
Until such time as Agent shall have rendered to Huffy a written statement as provided above, the balance in each Borrower's loan account(s) shall be presumptive evidence of the amounts due and owing to Agent and Lenders by Borrowers.