Loan Account definition

Loan Account has the meaning set forth in Section 2.10.

Loan Account has the meaning specified therefor in Section 2.9 of the Agreement.

Loan Account means an account maintained hereunder by the Administrative Agent on its books of account at the Payment Office, and with respect to the Borrowers, in which the Borrowers will be charged with all Loans made to, and all other Obligations incurred by, the Borrowers.

Examples of Loan Account in a sentence

• All payments received by the Administrative Agent or the Revolving Agent after 12:00 noon (New York City time) on any Business Day may, at the Administrative Agent’s or the Revolving Agent’s discretion, be credited to the Loan Account on the next succeeding Business Day.

• All costs and expenses incurred by the Administrative Agent or its designee by reason of the employment of the custodian shall be the responsibility of the Borrowers and charged to the Loan Account.

• Each Borrower hereby authorizes the Revolving Agent to, and the Revolving Agent may, from time to time until the Revolving Credit Commitment Termination Date, charge the Loan Account pursuant to Section 4.01 with the amount of any interest payment due hereunder.

• The Agent Advances shall constitute Obligations hereunder which may be charged to the Loan Account in accordance with Section 4.01.

More Definitions of Loan Account

Loan Account shall have the meaning given to that term in Section 2.08(a).

Loan Account has the meaning specified in Section 3.5 hereof.

Loan Account shall have the meaning assigned to it in Section 1.12.

Loan Account is defined in Section 2.12(A) hereof.

Loan Account means the loan account of the Borrowers, which account shall be maintained by the Agent.

Loan Account wherever used in the General Conditions, means the GEF Trust Fund Grant Account;

Loan Account has the meaning provided in SECTION 2.20.