Community banks serve companies and shoppers throughout the nation. E. It’s the intent of the events hereto that this Settlement (i) shall re-proof the Debtors indebtedness to the Lenders under the Present Mortgage Settlement, (ii) is entered into in substitution for, and not in cost of, the obligations of the Debtors below the Current Mortgage Settlement, and (iii) is by no means intended to represent a novation of the Borrowers indebtedness which was evidenced by the Current Loan Agreement.
(d) All payments of principal, interest, reimbursement obligations in reference to Letters of Credit and any related credit score support for Letters of Credit score, fees, premiums and other sums payable hereunder, together with all reimbursement for bills pursuant to Paragraph thirteen.1, might, at the option of Agent, in its Permitted Discretion, topic only to the phrases of this subparagraph 2.10(d), be paid from the proceeds of Revolving Loans made hereunder, whether or not made following a request by Borrowers pursuant to Paragraph 2.2 or a deemed request as offered on this subparagraph 2.10(d).
Reporting to the Regional Finance Director – South and East Asia, the principle goal of this position is two-fold: to build the finance capability of MSI Nation Programmes together with Companion Programmes to adequately support the delivery of their work; and secondly to assist the timely administration reporting and analysis of Country finance experiences to MSI support programmes including the Worldwide Programmes Division.
Money Management Providers shall mean any services provided to Debtors in connection with operating, collections, payroll, belief, or other depository or disbursement accounts, together with automated clearinghouse, e-payable, electronic funds switch, wire switch, controlled disbursement, overdraft, depository, info reporting, lockbox and cease payment providers.
Adjusted Tangible Property shall imply all belongings except: (a) trademarks, tradenames, franchises, goodwill, and different related intangibles; (b) belongings positioned and notes and receivables due from obligors domiciled outside the United States of America, Puerto Rico, or Canada; and (c) accounts, notes, and different receivables due from Affiliates or workers of Borrowers, together with, with out limitation, any funding in or mortgage to the Particular Purpose Subsidiary.