Financial Agreement Definition: 206 Samples
“Permitted Holder” means ACON Equity Management, L.L.C., a Delaware limited liabilitycompany, and any other entity owned or controlled by one or more of the managing members of ACON Equity Management, L.L.C. on the Effective Date (“ACON”), which are Affiliates and Related Funds that are equity funds to the extentsuch Persons are controlled, directly or indirectly, by ACON by way of ownership or general partner or managing member relationship. “Permitted Discretion” means, as to any Agent or Lender, as the case may be, adetermination made in good faith and in the exercise of commercially reasonable (from the perspective of a secured asset-based lender) business judgment exercised in accordance with generally applicable practices of such Agent or Lender fortransactions of this type. “Perfection Certificate” means a certificate in form and substance reasonably satisfactory to the Collateral Agent providinginformation with respect to the property of each Loan Party. “Maximum Undrawn Amount” means, with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that isor may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.
- (iv) Without limiting or contradicting (or being limited or contradicted by) the foregoing, (x) no Covered Entity is a Sanctioned Personand (y) no Covered Entity, either in its own right or through any third party, (A) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law;(B) does business in or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; or (C) engages in any dealings or transactionsprohibited by any Anti-Terrorism Law.
- She has worked in multiple cities covering breaking news, politics, education, and more.
- “Financial Statements” means (a) the audited consolidated balance sheet of the Parent and its Subsidiaries for theFiscal Year ended December 31, 2014, and the related consolidated statement of operations, shareholders’ equity and cash flows for the Fiscal Year then ended, and (b) the unaudited consolidated balance sheet of the Parent and itsSubsidiaries for the nine (9) months ended September 30, 2015, and the related consolidated statement of operations, shareholder’s equity and cash flows for the nine (9) months then ended.
- For purposes of this definition, control of a Person shall mean the direct or indirect (x) ownership of, or power tovote, 25% or more of the issued and outstanding equity interests having ordinary voting power for the election of directors of such Person or other Persons performing similar functions for such Person, or (y) power to direct or cause thedirection of the management and policies of such Person whether by ownership of equity interests, contract or otherwise.
- A financial advisory agreement is a legal document between you and your financial advisor that outlines the terms of your relationship.
(f) A Registered Loan (and the registered note, if any, evidencing the same) may be assigned or sold in whole or in part onlyby registration of such assignment or sale on the Register or the Related Party Register (and each registered note shall expressly so provide). Any assignment or sale of all or part of such Registered Loan (and the registered note, if any,evidencing the same) may be effected only by registration of such assignment or sale on the Register or the Related Party Register, together with the surrender of the registered note, if any, evidencing the same duly endorsed by (or accompanied by awritten instrument of assignment or sale duly executed by) the holder of such registered note, whereupon, at the request of the designated assignee(s) or transferee(s), one or more new registered notes in the same aggregate principal amount shall beissued to the designated assignee(s) or transferee(s). Prior to the registration of assignment or sale of any Registered Loan (and the registered note, if any, evidencing the same), the Agents shall treat the Person in whose name such RegisteredLoan (and the registered note, if any, evidencing the same) is registered on the Register as the owner thereof for the purpose of receiving all payments thereon, notwithstanding notice to the contrary.
“Participation Revolving Loan” has the meaning specified therefor in Section 3.04(c) hereof. “Participation Commitment” means each Revolving Loan Lender’s obligation to buy a participation of the Letters of Creditissued hereunder. “Participant Register” has the meaning specified therefor in Section 12.07(g).
VII. DEFAULT
A formal declaration indicating that both parties have reached a mutual agreement is enough. However, there must be enough space for both parties to affix their signatures and designation. And although witnesses are not always vintage fx called for in these types of scenarios, some situations would require legal endorsement. In cases such as divorce settlements, legal procedures can get quite technical and witnesses may be called to affirm the agreement.
Taxes are mandatory, have been around for more than 5,000 years, and are how we pay for the collective good. Bonds are safer investments than stocks and used by investors to generate a steady stream of income that can compensate for potential losses in stock investments. The U.S. government issues them in the form of Treasury bonds (T-bonds) that have a term of either 20 or 30 years and are considered virtually free of risk.
Financial Services Agreement FAQs
The Assignor and the Assignee shall make all appropriate adjustments in payments under the Financing Agreement and the other Loan Documentsfor periods prior to the Settlement Date directly between themselves on the Settlement Date. All notices and other communications provided for hereunder shallbe in writing and shall be mailed (by certified mail, postage prepaid and return receipt requested), telecopied or delivered by hand, Federal Express or other reputable overnight courier, if to the Additional [Borrower][Guarantor], to it at itsaddress set forth below its signature to this Agreement, and if to any Borrower, any Guarantor, any Lender or any Agent, to it at its address specified in the Financing Agreement or Joinder Agreement (as applicable); or as to any such Person at suchother address as shall be designated by such Person in a written notice to such other Person complying as to delivery with the terms of this Section 4. All such notices and other communications shall be effective as specified inSection 12.01 of the Financing Agreement.
(b) Each Noticeof Borrowing pursuant to this Section 2.02 shall be irrevocable and the Borrowers shall be bound to make a borrowing in accordance therewith. Each Revolving Loan that is a LIBOR Rate Loan shall be made in a minimum amount of $1,000,000 andshall be in integral multiples of $250,000 in excess thereof. The Borrowers shall have not more than seven (7) LIBOR Rate Loans made to the Borrowers in effect at any given time. For the avoidance of doubt, each Revolving Loan that is aReference Rate Loan shall not be required to be made in a minimum increment amount. (ii) each Term Loan Lender severally agrees to make itsportion of the Term Loan in Dollars to the Borrowers on the Effective Date, in an aggregate principal amount not to exceed the amount of such Lender’s Term Loan Commitment. “Unused Line Fee” has the meaning specified therefor in Section 2.06(b).
Copyright Rocket Lawyer Incorporated.Rocket Lawyer is an online legal technology company that makes the law simpler and more affordable for businesses, families and individuals. Rocket Lawyer has helped over 20 million businesses, families and individuals make legal documents, get attorney advice, and confidently protect their futures.Legal information and other services are delivered by or through Rocket Lawyer via RocketLawyer.com. Please note that Rocket Lawyer is not a «lawyer referral service,» «accountant referral service,» accounting firm, or law firm, does not provide legal or tax advice or representation (except in certain jurisdictions), and is not intended as a substitute for an attorney, accountant, accounting firm, or law firm.The Utah Supreme Court has authorized Rocket Lawyer to provide legal services, including the practice of law, as a nonlawyer-owned company; further information regarding this authorization can be found in our Terms of Service.Use of Rocket Lawyer is subject to our Terms of Service and Privacy Policy. Some financial agreements may require the use of a financial guarantee before they can be executed. In many cases, a guarantee is a legal contract that promises repayment of a debt to a lender.
To write a financial agreement, you need to establish the parties entering into the agreement and determine the provisions that will guide both parties. Refer to the steps above for a more detailed description on how to create a financial agreement. A financial guarantee in the corporate world is a non-cancellable indemnity. This is a bond backed by an insurer or other secure financial institution. It gives investors a guarantee that principal and interest payments will be made. For instance, a guarantor may only guarantee the repayment of interest or principal, but not both.
“Fiscal Year” means any of the annual accountingperiods of the Loan Parties ending on or about December 31 of each year. “Fiscal Quarter” means any of the quarterly accounting periods of the Loan Parties ending on or about March 31,June 30, September 30 and December 31 of each year. “Financial Statements” means (a) the audited consolidated balance sheet of the Parent and its Subsidiaries for theFiscal Year ended December 31, 2014, and the related consolidated statement of operations, shareholders’ equity and cash flows for the Fiscal Year then ended, and (b) the unaudited consolidated balance sheet of the Parent and itsSubsidiaries for the nine (9) months ended September 30, 2015, and the related consolidated statement of operations, shareholder’s equity and cash flows for the nine (9) months then ended. “Extension Request” has the meaning specified therefor in Section 2.11. “Extension Election” has the meaning specified therefor in Section 2.11.
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If things cost more but your income doesn’t increase to match the rise in prices, then your money is worth less than it was before, because it can’t purchase as much as it used to be able to buy. To calculate the rate of inflation, the government looks at a consumer basket of commonly purchased items, known as the Consumer Price Index (CPI), tracking the cost of buying the items in the basket over time. Interest is, quite simply, the price that a person or entity pays for borrowing money. Interest is determined as a percentage of the amount borrowed over a period of time. A savings account is where you keep the money that you are, well, saving. Funds are held for future use rather than the cash you need to pay for regular expenses.
Each Lender that is subject to the requirements of theUSA PATRIOT Act hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the entities composing the Borrowers, which information includes the nameand address of each such entity and other information that will allow such Lender to identify the entities composing the Borrowers in accordance with the USA PATRIOT Act. Each Loan Party agrees to take such action and execute, acknowledge anddeliver at its sole cost and expense, such instruments and documents as any Lender may reasonably require from time to time in order to enable such Lender to comply with the USA PATRIOT Act. Each Agent shall be entitled to rely upon any written notices, statements, certificates, orders or otherdocuments or any telephone message believed by it in good faith to be genuine and correct and to have been signed, sent or made by the proper Person, bitmex exchange review and with respect to all matters pertaining to this Agreement or any of the other Loan Documents andits duties hereunder or thereunder, upon advice of counsel selected by it. For by this Agreement and the other Loan Documents (including, without limitation, enforcement or collection of the Loans), the Agents shall not be required to exercise any discretion or take anyaction, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions of the Required Lenders shall be binding uponall Lenders and all makers of Loans; provided, however, that the L/C Issuer shall not be required to refuse to honor a drawing under any Letter of Credit and the Agents shall not be required to take any action which, in thereasonable opinion of any Agent, exposes such Agent to liability or which is contrary to this Agreement or any other Loan Document or applicable law.
Some potential consequences may include reputation damage, legal action, financial penalties, and termination of the agreement. Use this financial agreement template to create a legally binding contract that outlines the terms and conditions of a financial arrangement between two or more parties. The specific terms of the financial agreement will depend on the nature of the arrangement and the needs and goals of the parties involved. Post a project in ContractsCounsel’s marketplace to get free bids from lawyers to draft, review, or negotiate financial services agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
Is a financial agreement a contract?
“Replacement Lender” has the meaning specified therefore in Section 12.02(b). “Release” means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting,escaping, leaching, seeping, migrating, dumping or disposing of any Hazardous Material (including the abandonment or discarding of barrels, containers and other closed receptacles containing any Hazardous Material) into the indoor or outdoorenvironment, including, without limitation, the movement of Hazardous coinsmart review Materials through or in the ambient air, soil, surface or ground water, or property. “Related Party Register” has the meaning specified therefor inSection 12.07(d). “Related Party Assignment”has the meaning specified therefor in Section 12.07(b). “Related Fund” means, with respect to any Person, an Affiliateof such Person, or a fund or account managed by such Person or an Affiliate of such Person. “ReimbursementObligations” has the meaning specified therefor in Section 3.04(b).