Lender Client definition
Examples of Lender Client in a sentence
If there are no Lender Client Funds or the Lender Client Funds are less than the Minimum Participation Amount, AutoParticipate will not make an Offer.
In case of ▇▇▇▇▇▇▇▇ filing a complaint against Servicer and/or Lender, Client hereby agrees to retain counsel to represent Servicer and/or Lender at Client’s expense.
Commencing 12 months from the date hereof, upon 10 business days prior notice to Lender, Client may prepay on the anniversary date of the agreement each year part of the then outstanding balance of the Financed Amount, provided that the prepayment does not exceed 10% of the then outstanding balance of the Financed Amount and that Client also pays all accrued interest, any Overdue Payment and all other amounts owing under this Agreement at the time of prepayment.
Since Client alone will receive notices from Client’s Lender, Client acknowledges that it is his/her responsibility to ensure that payments are posted properly and on time and to notify MCB immediately of any payment related issues.
In case of Borrower filing a complaint against Servicer and/or Lender, Client hereby agrees to retain counsel to represent Servicer and/or Lender at Client’s expense.
Upon request by Lender, Client agrees also to furnish its quarterly financial statements promptly upon availability and, in any event, within 60 days of each financial quarter-end.
No portion of the proceeds of the Loans will be used by the Borrower (i) in connection with a Non-Negotiated Acquisition of any Existing Lender Client, directly or indirectly, (ii) for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any Margin Stock in violation of Regulations T, U and X, or (iii) for any purpose in violation of any applicable law or regulation.
To secure the obligations of Client under the Securities Lending Agreement between Client and each Lender, Client hereby pledges with, assigns to, and grants Administrator for the benefit of each Lender a continuing first priority security interest in, and a lien upon, all of Client’s right, title and interest in, to and under, whether now owned or existing or hereafter acquired or arising, the Collateral and all proceeds thereof.
To secure the obligations of Client under the Securities Lending Agreement between Client and each Lender, Client hereby pledges with, assigns to, and grants Administrator for the benefit each Lender a continuing first priority security interest in, and a lien upon, all of Client’s right, title and interest in, to and under, whether now owned or existing or hereafter acquired or arising, the Collateral and all proceeds thereof.