Common use of Operating Loans Clause in Contracts

Operating Loans. In addition to Asset Acquisition Loans, the Borrower may by agreement with the Lender in the Lender’s sole discretion obtain one or more other loans under this Agreement for temporary liquidity with respect to the funding of Borrower costs and expenses or similar matters (an “Operating Loan”). Any such Operating Loan shall be funded to the Custodian Reserve Account. The Borrower shall repay any Operating Loan on the related Repayment Date.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement

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Operating Loans. In addition to Asset Acquisition Loans, the Borrower may by agreement with the Lender in the Lender’s sole discretion obtain one or more other loans under this Agreement for temporary liquidity with respect to the for funding of Borrower costs and expenses or similar matters (an “Operating Loan”). Any such Operating Loan shall be funded to the Custodian Reserve Account. The Borrower shall repay any Operating Loan on the related Repayment Date.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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Operating Loans. In addition to Asset Acquisition Loans, the Borrower may by agreement with the Lender in the Lender’s sole discretion obtain one or more other loans under this Agreement for temporary liquidity with respect to the for funding of Borrower costs and expenses or similar matters (an “Operating O perating Loan”). Any such Operating Loan shall be funded to the Custodian Reserve Account. The Borrower shall repay any Operating Loan on the related Repayment Date.

Appears in 1 contract

Samples: Credit Agreement

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