Credit Application and Approval Sample Clauses

Credit Application and Approval. Upon receipt of acceptance of a Proposal by a Lessee, TSFC will gather the information pertaining to such Lessee and the transaction required by the Credit Application and forward it to MUSL. TSFC will not be responsible for the accuracy or completeness of such information, but it will forward to MUSL all such information it receives. Upon receipt of a Credit Application and related information, MUSL shall promptly conduct such credit investigation and financial analysis of the proposed transaction and Lessee as it shall deem necessary. MUSL will use its best efforts to inform TSFC of its approval or rejection of the proposed transaction within 10 Business Days from the date of MUSL's receipt of all the information set forth on the Credit Application. If, in a given instance, MUSL requires additional time to complete its analysis, MUSL will so advise TSFC prior to the end of the applicable period, whereupon TSFC may, in its sole discretion, grant or deny such additional time. TSFC shall cooperate with and use reasonable efforts to obtain promptly from the Lessee such additional credit information as MUSL shall reasonably request.
Sample 1
AutoNDA by SimpleDocs

Related to Credit Application and Approval

  • Credit Approval 2.1 Requests for credit approval for all of your orders must be submitted to our Credit Department via computer by either: (a) On-Line Terminal Access, or (b)

  • Effect of Letter of Credit Application To the extent that any provision of any Letter of Credit Application related to any Letter of Credit is inconsistent with the provisions of this Article III, the provisions of this Article III shall apply.

  • Conflict with Letter of Credit Application In the event of any conflict between the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control.

  • Letter of Credit Applications Each Letter of Credit Application shall be completed to the satisfaction of the Agent. In the event that any provision of any Letter of Credit Application shall be inconsistent with any provision of this Credit Agreement, then the provisions of this Credit Agreement shall, to the extent of any such inconsistency, govern.

  • Letter of Credit Application The Administrative Agent shall have received a properly completed letter of credit application if the issuance of a Letter of Credit will be required on the Effective Date.

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Loan (other than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i).

  • Notice of Borrowing and Disbursement The Swingline Lender will make Swingline Loans available to the Borrower on any Business Day upon request made by the Borrower not later than 12:00 Noon (Charlotte, North Carolina time) on such Business Day. A notice of request for Swingline Loan borrowing shall be made in the form of Schedule 2.1(b)(i) with appropriate modifications. Swingline Loan borrowings hereunder shall be made in minimum amounts of $100,000 and in integral amounts of $100,000 in excess thereof.

  • Authorization of Borrowing Etc The execution, delivery and performance of each Loan Document to which it is a party have been duly authorized by all necessary action on the part of each Credit Party.

  • Content of Borrowing Requests Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

  • Letter of Credit Requests (a) Whenever the Borrower desires that a Letter of Credit be issued for its account or for the account of any of its Subsidiaries, it shall give the Administrative Agent and the Letter of Credit Issuer at least five (or such lesser number as may be agreed upon by the Administrative Agent and the Letter of Credit Issuer) Business Days’ written notice thereof. Each such notice shall be executed by the Borrower and shall be in the form of Exhibit G (each a “Letter of Credit Request”).

Time is Money Join Law Insider Premium to draft better contracts faster.