Common use of Web Application; Credit Agreement Clause in Contracts

Web Application; Credit Agreement. 3.1.1 FMER will use the forms of Credit Agreements approved by SunTrust and included in the Program Guidelines. SunTrust and FMER shall notify each other from time to time of recommended changes to the Credit Agreements, and each shall respond promptly to such notifications, noting the feasibility and desirability of such changes, as well as the implementation time needed to make such changes. After SunTrust and FMER have reviewed and negotiated the proposed changes to the Credit Agreements, the Parties shall agree on the written version of such negotiated changes, and FMER shall revise the Credit Agreement in accordance therewith. SunTrust represents and warrants that the forms of Credit Agreement comply, and as they may be modified from time to time with SunTrust’s approval for inclusion in the Program Guidelines, will comply, with the Program Guidelines and Requirements of Law. FMER represents that its use of such forms shall comply with this Agreement, the Program Guidelines and Requirements of Law. 3.1.2 FMER will use the Online Application System approved in writing by SunTrust. FMER represents, warrants and covenants that the content and operation of its Online Application System complies with this Agreement, the Program Guidelines and Requirements of Law; provided, however, that SunTrust represents, warrants and covenants that the content of the Online Application System complies with the Program Guidelines and Requirements of Law to the extent, and only to the extent, of content in such Online Application System that is specifically required by SunTrust. FMER shall accept Applications via both the SunTrust Website and the FMC Website. The FMC Website is the responsibility of FMC subject to the conditions set forth in this Agreement. The FMC Website shall comply with any requirements specified in this Section 3, the Program Guidelines, and Requirements of Law, and shall be subject to SunTrust’s approval. SunTrust represents, warrants and covenants that the content of the FMC Website complies with the Program Guidelines and Requirements of Law to the extent, and only to the extent, of content in such FMC Website that is specifically required by SunTrust.

Appears in 2 contracts

Sources: Loan Program Agreement (First Marblehead Corp), Loan Program Agreement (First Marblehead Corp)

Web Application; Credit Agreement. 3.1.1 FMER will use the forms of Credit Agreements approved by SunTrust and included in the Program Guidelines. SunTrust and FMER shall notify each other from time to time of recommended changes to the Credit Agreements, and each shall respond promptly to such notifications, noting the feasibility and desirability of such changes, as well as the implementation time needed to make such changes. After SunTrust and FMER have reviewed and negotiated the proposed changes to the Credit Agreements, the Parties shall agree on the written version of such negotiated changes, and FMER shall revise the Credit Agreement in accordance therewith. SunTrust represents and warrants that the forms of Credit Agreement comply, and as they may be modified from time to time with SunTrust’s approval for inclusion in the Program Guidelines, will comply, with the Program Guidelines and Requirements of Law. FMER represents that its use of such forms shall comply with this Agreement, the Program Guidelines and Requirements of Law. 3.1.2 FMER will use the Online Application System approved in writing by SunTrust. FMER represents, warrants and covenants that the content and operation of its Online Application System complies with this Agreement, the Program Guidelines and Requirements of Law; provided, however, that SunTrust represents, warrants and covenants that the content of the Online Application System complies with the Program Guidelines and Requirements of Law to the extent, and only to the extent, of content in such Online Application System that is specifically required by SunTrust. FMER shall accept Applications via both the SunTrust Website and the FMC Program Website. The FMC Program Website is the responsibility of FMC and SunTrust, subject to the conditions set forth in this Agreement. The FMC Program Website shall comply with any requirements specified in this Section 3, the Program Guidelines, and Requirements of Law, and shall be subject to SunTrust’s approval. SunTrust represents, warrants and covenants that the content of the FMC Program Website complies with the Program Guidelines and Requirements of Law to the extent, and only to the extent, of content in such FMC Program Website that is specifically required by SunTrust.

Appears in 1 contract

Sources: Loan Program Agreement (First Marblehead Corp)

Web Application; Credit Agreement. 3.1.1 FMER will use the forms of Credit Agreements approved by SunTrust Lender and included in the Program Guidelines. SunTrust Lender and FMER shall notify each other from time to time of recommended changes to the Credit Agreements, and each shall respond promptly to such notifications, noting the feasibility and desirability of such changes, as well as the implementation time needed to make such changes. After SunTrust Lender and FMER have reviewed and negotiated the proposed changes to the Credit Agreements, the Parties shall agree on the written version of such negotiated changes, and FMER shall revise the Credit Agreement Agreements in accordance therewith. SunTrust Lender represents and warrants that the forms of Credit Agreement comply, and as they may be modified from time to time with SunTrustLender’s approval for inclusion in the Program Guidelines, will comply, with the Program Guidelines and Requirements of Law. FMER represents that its use of such forms shall comply with this Agreement, the Program Guidelines and Requirements of Law. 3.1.2 FMER will use the Online Application System approved in writing by SunTrustto process Applications. FMER represents, warrants and covenants that the content and operation of its Online Application System complies with this Agreement, the Program Guidelines and Requirements of Law; provided, however, that SunTrust Lender represents, warrants and covenants that the content of the Online Application System complies with the Program Guidelines and Requirements of Law to the extent, and only to the extent, of content in such Online Application System that is specifically required by SunTrustLender. FMER shall accept Applications via both the SunTrust Lender Website and the FMC Website. The FMC Website is the responsibility of FMC subject to the conditions set forth in this Agreement. The FMC Website shall comply with any requirements specified in this Section 3, the Program Guidelines, and Requirements of Law, and shall be subject to SunTrust’s approval. SunTrust Lender represents, warrants and covenants that the content of the FMC Website complies with the Program Guidelines and Requirements of Law to the extent, and only to the extent, of content in such FMC Website that is specifically required by SunTrustLender.

Appears in 1 contract

Sources: Loan Program Agreement (First Marblehead Corp)