Community banks serve businesses and customers throughout the country. I asked one time if they were capable of take a debit card cost over the cellphone, I was told no. I requested if they could take a fee over the website, I used to be told no. I asked if they may do a direct withdrawal from the account over the cellphone, I was told no. Mainly, they take a check or money however only if they are open for enterprise.
Governmental Authority: shall imply any nation or authorities, any federal, state, native, foreign or different company, quasi-agency, authority, body, commission, courtroom, instrumentality, political subdivision, central bank (or similar financial or regulatory authority), or different entity or officer exercising executive, legislative, judicial, taxing, regulatory or administrative powers or capabilities for any governmental, judicial, investigative, regulatory or self-regulatory authority (including, with out limitation, the Client Monetary Safety Bureau, the Financial Conduct Authority, the Prudential Regulation Authority and any supra-nationwide our bodies such because the European Union or European Central Bank, and any corporation or other entity owned or managed, by means of stock or capital ownership or otherwise, by any of the foregoing).
Each Borrower hereby irrevocably authorizes Agent to cost the Loan Account for the purpose of paying principal, interest, reimbursement obligations in reference to Letters of Credit and any related credit score assist for Letters of Credit score, charges, premiums and other sums payable hereunder, together with reimbursing expenses pursuant to Paragraph thirteen.1, and agrees that every one such amounts charged shall represent Revolving Loans (together with Non-Ratable Loans and Agent Advances) and that every one such Revolving Loans so made shall be deemed to have been requested by Borrowers pursuant to Paragraph 2.2.
Devices shall have the same meaning as given to that time period within the Code, and shall include all negotiable instruments, notes secured by mortgages or trust deeds, and every other writing which evidences a right to the fee of money and is not itself a safety agreement or lease, and is of a sort which is, in the bizarre course of business, transferred by delivery with any obligatory endorsement or task.
Eligible Assignee shall imply (a) a business bank, commercial finance firm or other asset based lender, having whole assets in excess of $1,000,000,000.00; (b) any Lender listed on the signature page of this Settlement; (c) any Affiliate of any Lender; and (d) if an Occasion of Default exists, any Person fairly acceptable to the Agent.
