RC Loan definition

RC Loan has the meaning ascribed to such term in Section 1.1 of this Agreement.
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RC Loan means any amount advanced by a Bank pursuant to Section 1.01(a).
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RC Loan and "RC Loans": as defined in section 2.1. ------- --------
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Examples of RC Loan in a sentence

  • The principal amount of each Lender's RC Loan made on a Borrowing Date shall be an amount equal to its RC Commitment Percentage of all RC Loans made on such date.

  • Each RC Loan shall be in the minimum amount of Five Hundred Thousand Dollars ($500,000) and integral multiples of Two Hundred Thousand Dollars ($200,000) in excess of such minimum amount.

  • Each RC Loan that is a Base Rate Loan shall be in the minimum amount of Two Million Dollars ($2,000,000) and integral multiples of Five Hundred Thousand Dollars ($500,000) in excess of such minimum amount.

  • Upon receipt of any such notice, the Administrative Agent shall promptly notify each Bank of the contents thereof and the amount and Type and, in the case of Eurodollar Rate Loans, the last day of the applicable Interest Period of each RC Loan of such Bank to be prepaid.

  • Upon receipt of any such notice, the Administrative Agent shall promptly notify each Bank of the contents thereof and of the amount and Type of each RC Loan to be made by such Bank on the requested date specified therein.

  • On prepaying to the Lender the STL Loan and/or RC Loan under clauses 10.1, 10.2 or 10.3, the Borrower shall pay the accrued interest on the STL Loan and/or the RC Loan together with all other amounts due and payable to the Lender under this Agreement.

  • Each such notice of prepayment shall be in the form of Exhibit C hereto and shall specify (i) the date such prepayment is to be made, and (ii) the amount and Type and, in the case of any LIBO Rate Loan, the last day of the applicable Interest Period for the RC Loan to be prepaid.

  • Such request shall be made in writing (which written request shall be deemed to be a Committed RC Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the aggregate Commitments in respect of Committed RC Loans and the conditions set forth in Section 5.02.

  • Each RC Loan shall be in the minimum amount of One Million Dollars ($1,000,000) and integral multiples of Five Hundred Thousand Dollars ($500,000) in excess of such minimum amount.

  • In reliance on such assumption, the Administrative Agent may (but is not obligated to) notify the RC Lenders (and Genesis (on behalf of the Borrowers)) that notwithstanding the Borrowers' failure to provide notice pursuant to Section 1.3 above, such notice is deemed given pursuant to this paragraph (g) requesting an RC Loan bearing interest at the Prime Rate in an amount sufficient to make the payments required by this paragraph (g).


More Definitions of RC Loan

RC Loan and "RC LOANS": as defined in Section 2.1.
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RC Loan means any borrowing under the RC Facility in accordance with Section 2.1; each such borrowing may be a Euribor Rate Loan or an Offshore Rate
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RC Loan means a Committed RC Loan.
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RC Loan means any amount advanced by an RC Bank pursuant to Section 1.01(a).
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RC Loan means any borrowing under the RC Facility in accordance with Section 2.1; each such borrowing may be a Euribor Rate Loan or an Offshore Rate Loan.
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RC Loan means a revolving credit loan provided for by Section 2.01(a).
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Related to RC Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • PPP Loan has the meaning set forth in Section 3.28.

  • Term Loan as defined in Section 2.1.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term SOFR Rate Loan means a Loan made hereunder with respect to which the interest rate is calculated by reference to Term SOFR (other than a Loan for which clause (c) of the definition of Base Rate is used to determine Base Rate).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • MOM Loan With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Loan Advance The meaning specified in Section 2.2(a).

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Revolving Advance has the meaning given in Section 2.1.