Neighborhood banks serve businesses and shoppers throughout the nation. The Borrower shall connect to such notice the proposed type of the Letter of Credit that the Agent is requested to trigger to be issued. (iii) Agent shall not be obligated to transfer to a Defaulting Lender any funds made by Debtors to Agent for the Defaulting Lenders profit; nor shall a Defaulting Lender be entitled to the sharing of any payments hereunder.
Expert evaluation on well timed topics such as the US and global outlook, credit trends, trade developments, and regional indicators of comparative advantage. Principal and interest payments shall be apportioned ratably among Lenders (in line with the unpaid principal stability of the Loans to which such payments relate held by each Lender) and payments of the fees shall, as relevant, be apportioned ratably among Lenders.
There are some horror stories on-line concerning the funds altering & the pay-off amounts being modified by this company however none from TN. I wish to make one hundred% that so long as I pay on time, all I will pay is what is shown on the papers. (D) the length of the Curiosity Interval if the requested Revolving Loans are to be LIBOR Revolving Loans. We respect what you are promoting and thank you for choosing Regional on your finance needs.
Instantly preceding Settlement Date have been utilized to Financial institution of Americas Revolving Loans (aside from to Non-Ratable Loans or Agent Advances by which such Lender has not yet funded its buy of a participation pursuant to subparagraph 2.2(j)(ii) above), as offered for in the earlier sentence, Bank of America shall pay to Agent for the accounts of the Lenders, to be utilized to the outstanding Revolving Loans of such Lenders, an amount such that every Lender shall, upon receipt of such quantity, have, as of such Settlement Date, its Professional Rata Share of the Revolving Loans.
(b) TOPIC TO PARAGRAPH 12.9, BORROWERS CONFORM TO INDEMNIFY AND HOLD HARMLESS AGENT AND EACH LENDER FOR THE COMPLETE AMOUNT OF INDEMNIFIED TAXES (TOGETHER WITH ANY INDEMNIFIED TAXES IMPOSED BY ANY JURISDICTION ON AMOUNTS PAYABLE BELOW THIS PARAGRAPH) PAID BY AGENT OR ANY LENDER AND ANY LIABILITY (TOGETHER WITH PENALTIES, CURIOSITY, ADDITIONS TO TAX AND BILLS) ARISING THEREFROM OR WITH RESPECT THERETO, WHETHER OR NOT SUCH INDEMNIFIED TAXES HAD BEEN CORRECTLY OR LEGALLY ASSERTED.