Borrowing Authority. Authorized Signers designated by Member-Borrower (“Member”) may initiate loans from Alloya Corporate Federal Credit Union (“Alloya”). Pursuant to this POA, ▇▇▇▇▇▇ may provide Member an Advised Line of Credit. Member promises to pay Alloya, in lawful money of the United States and in immediate available funds the aggregate unpaid principal amount of all advances made to Member by Alloya pursuant to and in compliance and agreement with this POA (the “Credit Facility”), together with all relevant attachments, addenda, exhibits and/or schedules, as amended, extended, supplemented, replaced or modified from time to time, whichever is greater, on the first to occur: (i) demand or (ii) the maturity date and to pay interest at the interest rate herein provided (“Interest”) when due until the maturity date as provided in this POA on the unpaid principal amount until the maturity date.
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Sources: Advised Line of Credit/Loans Product Operating Agreement, Advised Line of Credit/Loans Product Operating Agreement
Borrowing Authority. Authorized Signers designated by Member-Borrower (“Member”) may initiate loans from Alloya Corporate Federal Credit Union (“Alloya”). Pursuant to this POA, ▇▇▇▇▇▇ Alloya may provide Member an Advised Line of Credit. Member promises to pay Alloya, in lawful money of the United States and in immediate available funds the aggregate unpaid principal amount of all advances made to Member by Alloya pursuant to and in compliance and agreement with this POA (the “Credit Facility”), together with all relevant attachments, addenda, exhibits and/or schedules, as amended, extended, supplemented, replaced or modified from time to time, whichever is greater, on the first to occur: (i) demand or (ii) the maturity date and to pay interest at the interest rate herein provided (“Interest”) when due until the maturity date as provided in this POA on the unpaid principal amount until the maturity date.
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