![]() M ast er Loan and Memb er sh ip Agr e em ent (06 -1 7 ) Pa ge I of 19ģ. Borrower is qualified to do business in all jurisdictions in which the Borrower transacts business and has all necessary licenses and permits required by any such jurisdictions. The execution, delivery, and performance of this Master Agreement and any Loan Documents do not require the consent or approval of any other person, regulatory authority, or governmental body, and do not conflict with, result in the violation of, or constitute a default under: (a) any provision of its articles of incorporation or organization, bylaws, partnership agreement, trust agreement or any other agreement or instrument binding upon Borrower and/or any Guarantor or (b) any law, governmental regulation, court decree, or order applicable to Borrower or any Guarantor.ģ.2 Qu a lified to Do Business. Borrower has the right and is duly authorized to borrow the sums requested from Lender, to enter into any other agreement for leases, financial products, accommodations or services and to execute, deliver to Lender, and perform the terms of this Master Agreement and any Loan Documents delivered to Lender. Unless stated to the contrary, the word "or" means "and/or" and not "either/or."īetween Borrower and Lender, Borrower represents and warrants as of the date of this Master Agreement as follows:Ĥ. In this and any other documents evidencing Loans by Lender to Borrower, wherever it appears appropriate from the context, each term stated in either the single or the plural shall include both the single and the plural, and pronouns in the masculine, feminine or neuter gender shall include the masculine, feminine and neuter. Notwithstanding the foregoing, Borrower acknowledges that Lender has not committed and does not commit hereby to make any loan to or financial services available to Borrower and that Lenders shall not be obligated to make any Loan(s) to Borrower.ĪCCORDINGLY, the parties agree as follows:ġ. In addition, this Master Agreement contains general provisions applicable to required stock ownership and membership in ACA. The parties wish to set forth in this Master Agreement the general terms and conditions applicable to any loans or financial services that may be approved by any Lender. In addition, Borrower may request other financial services or products from one or more Lenders. As of the date of this Master Agreement, Subsidiaries are American AgCredit, FLCA ("FLCA") and American AgCredit, PCA ("PCA").įrom time to time Borrower may have applied for and received, or apply for and receive in the future, loans or other financial accommodat ions, services or products (collectively referred to as "Loans") from ACA and/or its Subsidiaries (each hereinafter referred to individually and collectively as "Lender" or "Lende rs " ). LLC, a California limited liability company (collectively, whether one or more, "Borrower") and American AgCredit, ACA ("ACA") and/or any of its now or hereinafter existing subsidiaries (collectively, "Subsidiaries"). ![]() This Master Loan and Membership Agreement (the "Master Agreement") is entered into and made effective this Decemby H. American AgCredit, ACA and its Subsidiaries ![]()
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