Credit Accommodations, Borrowing Base Certificates Sample Clauses

Credit Accommodations, Borrowing Base Certificates. (a) Lender may make Credit Accommodations to a Borrower only if it has received (i) an Export-Related Borrowing Base Certificate from such Borrower as frequently as Lender customarily requires such certificates from similar borrowers on its own account and risk, but at least within the prior month, (ii) copies of Invoices (and accompanying Bills of Lading) or, if permitted by Lender, a written summary of the Invoices and corresponding Bills of Lading supporting the Export-Relate Borrowing Base, (ii) Borrower’s Certificates corresponding to all such Invoices, and (iii) an Accounts Receivable Aging Report for the preceding month. In addition, so long as there are any Credit Accommodations outstanding under the Loan Facility, Borrower shall deliver to Lender items (i) – (iii) above at least once each month. Daily electronic reporting reconciled monthly may substitute for monthly Export-Related Borrowing Base Certificates.
Sample 1
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Credit Accommodations, Borrowing Base Certificates. (a) Lender may make Credit Accommodations to a Borrower only if it has received an Export-Related Borrowing Base Certificate from such Borrower as frequently as Lender customarily requires such certificates from similar borrowers on its own account and risk, but at least covering the most recently ended month prior to Borrower’s request for a Credit Accommodation, provided that Lender has verified the presence of Eligible Export Related Accounts Receivables and Eligible Export-Related Inventory on the Export-Related Borrowing Base Certificate, such as by a sampling or other process Lender puts in place, and so long as any Credit Accommodations are outstanding under the Loan Facility, Lender shall have received an Export-Related Borrowing Base Certificate from Borrower at least once each month, or daily electronic reporting reconciled monthly, along with:
Sample 1
Credit Accommodations, Borrowing Base Certificates. (a) Lender may make Credit Accommodations to a Borrower only if it has received an Export-Related Borrowing Base Certificate from such Borrower as frequently as Lender customarily requires such certificates from similar borrowers on its own account and risk, but at least within the prior month and a copy of the Export Order(s) (or, for a Revolving Loan Facility, a written summary of the Export Orders) when the Export-Related Borrowing Base is supported by Export-Related Inventory or Export-Related Overseas Inventory, and an Accounts Receivables Aging Report when the Export-Related Borrowing Base is supported by Export- Related Accounts Receivable or Export-Related Overseas Accounts Receivable. In addition, so long as there are any Credit Accommodations outstanding under the Loan Facility, Borrower shall deliver to Lender an Export-Related Borrowing Base Certificate at least once each month with the accompanying Export Orders (or summary of Export Orders) or Accounts Receivable Aging Report, as applicable. Daily electronic reporting reconciled monthly may substitute for monthly Export-Related Borrowing Base Certificates.
Sample 1

Related to Credit Accommodations, Borrowing Base Certificates

  • CREDIT AND COLLATERAL REQUIREMENTS The applicable credit and collateral requirements are specified on the Cover Sheet.

  • Funds Availability Policy Your Ability To Withdraw Funds. Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written. Determining the Availability of a Deposit. The length of the delay is counted in business days from the day of your deposit. Every day is a business day except Saturdays, Sundays, and federal holidays. If you make a deposit before closing on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after closing or on a day we are not open, we will consider that the deposit was made on the next business day we are open. The length of the delay varies depending on the type of deposit and is explained below. Same-Day Availability. Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Next-Day Availability. Funds from the following deposits are available on the first (1st) business day after the day of your deposit: • U.S. Treasury checks that are payable to you. • Wire transfers. • Checks drawn on us. If you make the deposit in person to one of our employees, funds from the following deposits are also available on the first (1st) business day after the day of your deposit: • Cash. • State and local government checks that are payable to you. • Cashier’s, certified, and xxxxxx’s checks that are payable to you. • Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders, if these items are payable to you. If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available on the second (2nd) business day after the day we receive your deposit.

  • CREDIT AND COLLATERAL EXCEPTIONS (1) Within ninety (90) days the Board shall obtain current and satisfactory credit information on all loans lacking such information, including those listed in the XXX, in any subsequent Report of Examination, in any internal or external loan review, or in any listings of loans lacking such information provided to management by the National Bank Examiners at the conclusion of an examination.

  • CONCENTRATIONS OF CREDIT (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to a written asset diversification program consistent with OCC Banking Circular 255. The program shall include, but not necessarily be limited to, the following:

  • Borrowing Upon receipt of Proper Instructions, the Custodian shall deliver securities of a Portfolio to lenders or their agents, or otherwise establish a segregated account as agreed to by the applicable Fund on behalf of such Portfolio and the Custodian, as collateral for borrowings effected by such Portfolio, provided that such borrowed money is payable by the lender (a) to or upon the Custodian's order, as Custodian for such Portfolio, and (b) concurrently with delivery of such securities.

  • Borrower’s Loan Application Borrower shall be in default if, during the Loan application process, Borrower or any persons or entities acting at the direction of Borrower or with Borrower’s knowledge or consent gave materially false, misleading, or inaccurate information or statements to Lender (or failed to provide Lender with material information) in connection with the Loan. Material representations include, but are not limited to, representations concerning Xxxxxxxx’s occupancy of the Property as Xxxxxxxx’s principal residence.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

  • Funding of Borrowings (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request.

  • Non-Reliance on Administrative Agent and Other Lenders Each Lender and the L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

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