CFC Loan definition
Examples of CFC Loan in a sentence
The Collateral is security for the CFC Loan, which is included in the Collateral (as defined in, and granted by the Borrower to the Agent pursuant to, the Loan Documents), and in the event of a Borrower Default, the Agent shall have all of the rights and remedies with respect to the CFC Loan Agreement, [the CFC Note] and the CFC Collateral as provided for in the Loan Documents.
The foregoing adjustments shall be effective as of the date of the default (or in the case of remedies under clause (A) of Section 3.6(b)(iv), the date of the default by the Delinquent Member in repaying the Default Loan).
As a condition to the inclusion of CFC Loans in the Borrowing Base, CFC has executed and delivered the CFC Assignment dated ____________ __, ____ assigning to the Borrower of all of CFC’s rights in and to the CFC Loan, [the CFC Note,] the CFC Loan Documents and the Collateral.
Notwithstanding the foregoing, any amounts received from the U.K. Borrower, any other Non-U.S. Loan Party or any CFC Loan Party shall be applied by the Administrative Agent, in the order set forth above to the extent such order is applicable to such Obligations, solely to the Obligations with respect to or on account of the Sterling Term Loans.
For example, if Mackie made capital expenditures during fiscal year 2003 of $5,000,000, the figure of $4,000,000 (which is the maximum amount of capital expenditures that Mackie is permitted to make during fiscal year 2003 in accordance with Section 9.18 of the CFC Loan Agreement) would be used for purposes of calculating Adjusted EBITDA and determining the Annual Excess Cash Flow Amount for the fiscal year in question.
None of the obligations of (i) the Buyer SPE Affiliates under the CF Capital Loan Documents, (ii) FOCIL-BP, LLC, a Delaware limited liability company (“FOCIL-BP”), under the CFC Loan Documents, or (iii) Buyer or the Buyer SPE Affiliates under the various assignments of the Continuing Contracts that are being made concurrently herewith, shall in any way waive or otherwise limit the obligations of Sellers under this Agreement.
Neither CFC nor any of its Subsidiaries could be deemed the owner or operator of, nor has it participated in the management regarding Hazardous Substances of, any CFC Loan Property which has been contaminated with, or has had any release of, any Hazardous Substance that has resulted, or would reasonably be expected to result, in a Material Adverse Effect with respect to CFC.
Pursuant to the CFC Loan Agreement CFC has made or shall make loans to the CFC Borrower in a principal amount not to exceed $_______________ at any.
The liens granted in this Deed of Trust shall secure the payment of the principal of and interest on the CFC Notes, according to their terms, and further to secure the due performance of covenants, agreements and provisions contained in the Mortgage and this Deed of Trust, and the CFC Loan Agreements (hereinafter referred to as the "Indebtedness").
CFC hereby acknowledges that in order to enable it to make the CFC Loan, A-▇▇▇▇ Precious Metals, Inc.