Examples of Bank Revolving Loan in a sentence
In addition, TxDOT’s cash forecasts warned that it would have trouble meeting its obligations without additional inflows by the end of September 2002.On May 30, 2002, TxDOT’s State Infrastructure Bank Revolving Loan Fund (SIB) loaned $144.7 million to the North Texas Tollway Authority.
Arab Bank Revolving Loan (2) On 3 July 2014, the Group signed a revolving loan agreement with Arab Bank with a ceiling of USD 10 Million to finance to finance letters of credit, at an annual interest of one month LIBOR +2%.
Arab Bank Revolving Loan (2)On 3 July 2014, the Group signed a revolving loan agreement with Arab Bank with a ceiling of USD 10 Million to finance letters of credit at an annual interest rate of one month LIBOR +2%.
All payments of principal plus interest or penalties shall be deposited under the Transportation Finance Bank Revolving Loan Program to the Local Transportation Loan Account in the State Highway Account.
Copies, thereof, will be furnished by Borrower upon receipt of any request made by the State, the Federal government, or their agents.Project Administering will comply with the provisions of all applicable federal, state, and/or local laws, rules and/or regulations, including the requirements included in the Transportation Finance Bank Revolving Loan Program Guidelines and this Loan Application and Agreement.
Each Ex-Im Bank Revolving Loan shall be subject to all the terms and conditions applicable to other Revolving Loans, except to the extent of the provisions of the Borrowers’ Ex-Im Agreement and all other Ex-Im Loan Documents executed by any Borrower, which shall control in the event of any inconsistency.
The Company obtained the funds for the aforementioned acquisitions from a new $60.0 million term loan (which has the same maturity date, interest rate structure, and covenants as the Company's existing $175.0 million Bank Revolving Loan Facility), short-term bank borrowings, and cash on hand.
Briscoe shall have made, and the Reorganized Debtor shall have received, the Equity Contribution and the Moses and Briscoe Loan, the proceeds of which shall, among other things, fund the U.S. Bank Revolving Loan Payment on the Effective Date.
The Agent shall not request the Bank to make any Ex-Im Bank Revolving Loan if (1) the Agent has received written notice from any Lender that one or more of the applicable conditions precedent set forth in Article 8 or any other condition precedent thereto will not be satisfied on the requested Funding Date for the applicable Borrowing, or (2) the requested Borrowing would exceed Availability on that Funding Date.
Notwithstanding any language to the contrary in this Section, each Borrowing that is to be an Ex-Im Bank Revolving Loan must be requested in writing on the form of borrowing notice attached hereto as Exhibit D-1 and must be delivered to the Agent’s Export Finance Department at the address set forth in Section 14.8 hereof.