Common use of Recitals; Capitalized Terms Clause in Contracts

Recitals; Capitalized Terms. The Borrower and each Guarantor acknowledges that the recitals set forth above are true and correct, and are made a part of this Agreement. Capitalized terms used and not defined in this Agreement have the meanings assigned to such terms in the Loan Documents.

Appears in 3 contracts

Sources: Loan Modification Agreement (Arts Way Manufacturing Co Inc), Loan Modification Agreement (Arts Way Manufacturing Co Inc), Loan Modification Agreement (Arts Way Manufacturing Co Inc)

Recitals; Capitalized Terms. The Borrower and each Guarantor acknowledges that the recitals set forth above are true and correct, and are made a part of this Agreement. Capitalized terms used and not defined in this Agreement have the meanings assigned to such terms in the Loan Documents.

Appears in 1 contract

Sources: Forbearance and Loan Modification Agreement (Arts Way Manufacturing Co Inc)