GLOC Loans definition
GLOC Loans means the loans or other indebtedness of the Seller (including an Affiliate) under one or more Guidance Lines of Credit.
GLOC Loans means the loans or other indebtedness of the Seller (including an Affiliate) under one or more Guidance Lines of Credit. “GLOC Loan Balance” means the aggregate outstanding principal and interest due under the GLOC Loans as of the Closing Date, or $616,228. “GLOC Loan Payoff” has the meaning set forth in Section 2.03(a).