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Cfc Documents
Cfc Documents contract clause examples

CFC Documents. With respect to each Eligible CFC Loan, the Borrower shall # deposit or cause CFC to deposit all CFC Collateral with a CFC Approved Depository, which CFC Approved Depository shall execute and deliver to the Administrative Agent a Depository Agreement, provided, that any single coin valued at $1,000,000 or more that constitutes CFC Collateral shall be stored at the A-M Global Logistics Las Vegas, Nevada facility (in its capacity as a CFC Approved Depository), # insure or cause CFC to insure all CFC Collateral in amounts and coverages acceptable to the Administrative Agent, which insurance policy shall name the Administrative Agent on behalf of the Secured Parties, as lender loss payee, # comply and cause CFC to comply with all of the terms and conditions of each CFC Assignment, Borrower Assignment, and each other CFC Loan Document, # other than in respect of CFC Acquired Loans, deliver to the Administrative Agent (upon request by the Administrative Agent), a UCC search with respect to each CFC Borrower indicating that no Liens cover the applicable CFC Collateral except in favor of CFC, the Borrower or the Administrative Agent, together with a copy of the UCC-1 Financing Statement filed by CFC with respect to each CFC Borrower, # deliver and cause CFC to deliver to the Administrative Agent and the Lenders at the time of the delivery of each Borrowing Base Certificate a supplement thereto (in form acceptable to the Administrative Agent and the Lenders) with respect to the CFC Collateral and CFC Loans, # from time to time, at Administrative Agent’s request, make such revisions to the CFC Loan Documents as the Administrative Agent shall reasonably request, # other than in respect of CFC Acquired Loans, execute and deliver or cause CFC to execute and deliver to the Administrative Agent (promptly upon request by the Administrative Agent) the originally executed CFC Note together with the applicable originally executed CFC Allonge and # within 30 days prior to funding each CFC Loan (other than CFC Acquired Loans) or, within 30 days prior to the acquisition of each CFC Acquired Loan, in each case, of $250,000 or more, conduct and document valuations of all Numismatic Collateral coins and/or Semi-Numismatic Collateral coins securing such CFC Loan, and provide copies of such documentation upon request by the Administrative Agent or the independent collateral examiner referred to in [Section 5.1(g)].

CFC Documents. With respect to each CFC Loan included or to be included in the Borrowing Base, the Borrower shall not and shall cause CFC not to # make or acquire any CFC Loan which together with then outstanding Eligible CFC Loans would in the aggregate exceed the lesser of # the principal amount of $50,000,000 or # 25% of the Borrowing Base as calculated and reported on the Borrower’s most recent Borrowing Base Certificate delivered to the Lenders, # make any CFC Loan which by its original terms is payable more than 6 months after its original execution date or # renew or extend any CFC Note evidencing a CFC Loan for more than 6 months.

Excluded Subsidiary” means any Subsidiary of a Loan Party that is a CFC, a CFC Holdco or a direct or indirect Subsidiary of a CFC or CFC Holdco.

Specified Foreign Subsidiary” means # any CFC, # any CFC Domestic Holdco and # any subsidiary of any CFC or any CFC Domestic Holdco.

Eligible CFC Loan” means each CFC Loan as to which the Administrative Agent has received the duly executed CFC Assignment and Borrower Assignment (or, in respect of such documents delivered on the Effective Date, copies thereof with the originally executed documents to be delivered to the Administrative Agent promptly thereafter), a copy of the applicable duly executed CFC Allonge and, upon request by the Administrative Agent, copies of the related CFC Loan Documents, in form, scope and substance, from time to time, acceptable to the Administrative Agent, which deliveries shall have been certified by an authorized officer of CFC and a Responsible Officer of the Borrower as being true and complete copies and are otherwise acceptable to the Administrative Agent, provided, in no event shall a CFC Loan be deemed an Eligible CFC Loan, # to the extent that the principal amount of such CFC Loan, together with the aggregate principal amount of all other outstanding CFC Loans made to the same CFC Borrower exceeds $5,000,000 (before giving effect to the applicable advance rate), or # if such CFC Loan is not in compliance with any of the laws and regulations of the State of California, including, but not limited to those pertaining to usury and the licensing of CFC as a licensed lender, or # if the term of such CFC Loan is more than six (6) months from the date such CFC Loan was made or if such CFC Loan is payable on demand, or # if any material provision of any CFC Loan Document in respect of such CFC Loan is not valid, binding and enforceable, on and against the applicable CFC Borrower; or # if the Administrative Agent’s security interest in the applicable CFC Collateral or the applicable CFC Loan Documents is not a valid and perfected first priority Lien in favor of the Administrative Agent, or # if the CFC Borrower of such CFC Loan or CFC shall have any defense, setoff or other claim or right to reduce the amount payable under the applicable CFC Loan Documents or CFC’s obligations to the Borrower, or # if any payment default or bankruptcy default under the applicable CFC Loan Documents shall have occurred with respect to the applicable CFC Borrower or CFC, or # the CFC Collateral for such CFC Loan is not held at a CFC Approved Depository which has executed a Depository Letter under which the Administrative Agent shall have the right to take exclusive control over such CFC Collateral, or # the Borrower or CFC shall have granted (or suffered to exist), a Lien in, or assigned to any Person (other than the Administrative Agent on behalf of the Secured Parties and, in respect of CFC, to the Borrower), any of its rights in such CFC Loan or any related CFC Collateral, CFC Note or other CFC Loan Documents, or # if it is a CFC Acquired Loan and the CFC Collateral therefor is not subject to a valid and enforceable purchase money security interest (as defined in the UCC) which has been validly assigned (directly or indirectly) to the Administrative Agent, or # if the applicable CFC Loan Documents constituting chattel paper do not contain a legend indicating the Administrative Agent’s Lien, in form and substance reasonably satisfactory to the Administrative Agent.

CFC Further Assurances. The Borrower shall (or shall cause CFC to, as applicable) # correct any material defect or error that may be discovered in any CFC Loan Document, or in the execution, acknowledgment or filing thereof, and # do, execute, acknowledge, deliver, file and re-file any and all such further acts, certificates, assurances and other instruments (including any Financing Statements and amendments and continuation statements with respect thereto) as may be required from time to time # to carry out more effectively the purposes of any CFC Loan Document, # to the fullest extent permitted by applicable Law, to subject CFC’s or any CFC Borrower’s properties, assets, rights or interests to the Liens now or hereafter intended to encumber such properties, assets, rights or interests and, if so requested by the Administrative Agent, the Liens granted by the Borrower to the Administrative Agent under the Loan Documents, # to perfect and maintain the validity, effectiveness and priority of any of the Liens intended to be created or assigned under any CFC Loan Documents and # to assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Administrative Agent, for the benefit of itself and the Secured Parties, the rights granted or now or hereafter intended to be granted to it under any CFC Loan Document or, if so requested by the Administrative Agent, any other Loan Document. In furtherance of the foregoing, the Borrower hereby authorizes the Administrative Agent at any time to file assignments of any Financing Statements naming CFC as the secured party and the applicable CFC Borrower as the debtor, in favor of the Administrative Agent, for the benefit of itself and the Secured Parties.

CFC Loan Documents” means # in respect of each CFC Loan other than a CFC Acquired Loan) each CFC Loan Agreement, each CFC Assignment, each Borrower Assignment, each CFC Note, each CFC Allonge and each “Loan Document” (as defined in the CFC Loan Agreement), together with a UCC lien search as to the CFC Borrower and each UCC-1 Financing Statement filed by CFC naming CFC as secured party and a CFC Borrower as debtor, with respect to the CFC Collateral, as each may from time to time be amended, restated or renewed and # in respect of each CFC Acquired Loan, each CFC Loan Agreement, each CFC Assignment, each Borrower Assignment, and each other loan document evidencing a CFC Acquired Loan, as each may from time to time be amended, restated or renewed.

CFC Loan” means each loan made by CFC to a CFC Borrower, or a CFC Acquired Loan, and any renewal or extension thereof.

Loan Documents” means, collectively, this Agreement, the Notes, the Security Documents, the Fee Letter, the Engagement Letter, all Borrowing Requests, all Interest Election Requests, all Collateral Access Agreements, all Depository Agreements, all Depository Letters, each CFC Loan Assignment, each Borrower Assignment, each CFC Note relating to a CFC Assignment or Borrower Assignment and all other documents, instruments, certificates, and agreements executed, delivered, or acknowledged by the Borrower (other than Organizational Documents) in connection with or contemplated by this Agreement.

Specified Foreign Subsidiary” means (a) any CFC, (b) any CFC Domestic Holdco and (c) any subsidiary of any CFC or any CFC Domestic Holdco.

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