REQUESTS FOR CREDIT. Each request for an extension of credit will be made in writing in a manner acceptable to the Bank, or by another means acceptable to the Bank.
REQUESTS FOR CREDIT. Credit may be requested by the Business from Bank in writing, by telephone, or by other telecommunication method acceptable to Bank. The Business recognizes and agrees that Bank cannot effectively determine whether a specific request purportedly made by or on behalf of the Business is actually authorized or authentic. As it is in the Business's best interest that Bank extend credit in response to these forms of request, the Business assumes all risks regarding the validity, authenticity and due authorization of any request purporting to be made by or on behalf of the Business. The Business is hereby authorized and directed to repay any credit that is extended by Bank pursuant to any request which Bank in good faith believes to be authorized, or when the proceeds of any credit are deposited to the account of the Business with Bank, regardless of whether any individual or entity other than the Business may have authority to draw against such account.
REQUESTS FOR CREDIT. Each request for an extension of credit will be made in writing in a manner acceptable to the Bank, or by another means acceptable to the Bank, to be issued by EMI, as agent for and on behalf of all the Borrowers.
REQUESTS FOR CREDIT. Each request for an extension of credit will be made in writing in a manner acceptable to Bank, or by another means acceptable to Bank. By requesting any extension of credit under this Agreement, Borrower shall be deemed to have reaffirmed that each representation and warranty set forth in this Agreement and the other Loan Documents (other than those which expressly relate only to a specific date) is true and correct as of the date of the making of the requested loan or the issuance of the requested Letter of Credit, and that no Default or Event of Default exists, in each case after giving effect to the making or issuance thereof. If requested by Bank, Borrower will provide written assurances to Bank of the accuracy of each such representation and warranty prior to the making of any requested Loan or the issuance of any requested Letter of Credit.
REQUESTS FOR CREDIT. (a) Each request for an extension of credit shall be made in writing in a manner acceptable to Agent.
REQUESTS FOR CREDIT. Each request for an extension of credit will be made in writing in a manner acceptable to the Bank, or by another means acceptable to the Bank (each, a “Request for Credit”). Borrower authorizes either XXXXX XXXXXXXXXX or XXXX XXXXX to sign all Requests for Credit and other documents in connection with the administration of the Credit Facilities. Borrower represents and warrants to Bank that the following signatures are specimen signatures of the persons named in the preceding sentence: /s/ Xxxxx Xxxxxxxxxx /s/ Xxxx Xxxxx Xxxxx Xxxxxxxxxx Xxxx Xxxxx
REQUESTS FOR CREDIT. 17 3.2 Disbursement and Payment Record; Loan Account............................................................................ 17 3.3 Authorization............................................................................................................ 18 3.4
REQUESTS FOR CREDIT. Trader(s) shall recommend a Credit Limit for each Debtor to Sr Manager and/or Credit Manager based on and reasonably related to the volume and price of the pending transaction(s), utilizing the “Request for Counterparty Change Request Form”. NJRES and/or NJNG should engage in wholesale transactions with Trading Partners who are deemed creditworthy, or who have/will post Security, with the exception of the companies referenced in section V of this credit policy. In the event a request is made to enter into contracts with a Trading Partner, and upon credit review it is determined that the Trading Partner does not qualify for credit under this policy, contracts can still be entered into, provided that a) trader justifies the business need for the contract; and b) approval by EVP & COO/SVP. Trading Partner will then be approved for business with a zero credit limit. In instances where the applicable netting agreements are in place and a zero credit limit exists, Energy Services’ net exposure must always remain in a position where Energy Services’ purchases exceed their sales with Trading Partner. Credit Department staff shall be responsible for obtaining all financial and credit information and documentation required to complete the review process. Trader(s) shall forward all credit inquiries to the Credit Department, including inquiries regarding pending credit requests. The Credit Department will make every effort to render a credit determination within a reasonable time of receipt of all pertinent information, not to exceed two weeks. The Credit Department shall deny the request for credit of Debtors who fail to provide requested information in a timely manner. The Credit Department shall conduct its credit review in a non-discriminatory manner.
REQUESTS FOR CREDIT. Each request for a letter of credit will be made in writing in a manner acceptable to the Bank, or by another means acceptable to the Bank.
REQUESTS FOR CREDIT. Subsection 3.1 of the Agreement is hereby deleted in its entirety, and the following Subsection 3.1 is inserted in its place: 3.1
