Tag: compliance

Neighborhood banks serve businesses and consumers throughout the nation. Agent shall not incur any liability to Borrowers as a result of appearing upon any notice referred to in subparagraphs 2.2(b) and (c), which notice Agent believes in good faith to have been given by any individual duly licensed by Debtors to request Revolving Loans on its behalf or for otherwise performing in good faith below this Paragraph 2.2, and the crediting of Revolving Loans to Debtors’ deposit accounts, or transmittal to such Particular person as Borrowers shall direct, shall conclusively establish the obligation of Debtors to repay such Revolving Loans as provided herein.

If such quantity shouldn’t be made accessible to Agent on the Business Day following the Funding Date, Agent will notify Debtors of such failure to fund and, upon demand by Agent, Debtors shall pay such amount to Agent for Agent’s account, along with interest thereon for every day elapsed since the date of such Borrowing, at a charge every year equal to the Curiosity Charge relevant on the time to the Revolving Loans comprising such Borrowing.

A. The debtors and lenders occasion thereto (the “Unique Borrowers” and the “Authentic Lenders”, as applicable), and Financial institution of America, …