RC Loans definition

RC Loans the meaning specified in Subsection 2.1.1 (Commitment to Make RC Loans).
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RC Loans as defined in Section 2.1.
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RC Loans has the meaning ascribed to such term in Section 1.1 hereof.
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Examples of RC Loans 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.

  • The aggregate outstanding principal amount of the RC Loans shall mature and become due and payable, and shall be repaid by the Borrowers, on the RC Maturity Date.

  • Each borrowing of RC Loans, consisting of ABR Loans shall be in an aggregate principal amount equal to $1,000,000 or such amount plus an integral multiple of $100,000 in excess thereof or, if less, the unused amount of the RC Commitments.

  • The Borrower may, at its option, prepay the RC Loans, in whole or in part, without premium or penalty, at any time and from time to time, by notifying the Administrative Agent at least three Business Days' prior to the proposed prepayment date with respect to Eurodollar Loans, and at least one Business Day prior to the proposed prepayment date with respect to ABR Loans.

  • In all events, the principal amount owing by the Borrower to each Lender in respect of such Lender's RC Note shall be the aggregate amount of all RC Loans made by such Lender thereunder less all payments of principal thereon made by the Borrower.

  • Each borrowing of RC Loans, as the case may be, consisting of Eurodollar Loans shall be in a minimum aggregate principal amount equal to $2,000,000 or an integral multiple of $250,000 in excess thereof.

  • Subject to the provisions of Sections 2.3, 2.8 and 2.15, RC Loans may be (i) ABR Loans, (ii) Eurodollar Loans or (iii) any combination thereof.

  • All amounts of principal, interest and fees relating to RC Loans not due and payable before the Maturity Date are due and payable on that date.

  • The Borrowers shall pay to the Administrative Agent, for the respective accounts of the RC Lenders, a letter of credit commission on the daily aggregate amount of the Contingent Reimbursement Obligations under each Letter of Credit at a rate per annum equal to the Applicable Margin that would be applicable to RC Loans that are LIBO Rate Loans at such time.

  • Notwithstanding anything to the contrary in this Agreement, all borrowings, payments, prepayments, continuations and conversions of U.S. R/C Loans shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising any Eurodollar Tranche shall not be less than $50,000,000.


More Definitions of RC Loans

RC Loans as defined in section 2.1(a).
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RC Loans the meaning specified in Section 2. 1. 1. -------- -14- RCRA: the Resource Conservation and Recovery Act of 1976 (42 ---- U.S.C.A.(S)(S)6901 to 6991; a/k/a the Solid Waste Disposal Act), as amended, and all rules, regulations and guidance issued, promulgated or adopted in connection therewith.
Sample 1
RC Loans the meaning specified in Subsection 1.1.1. - RC MATURITY DATE: the fifth anniversary of the Closing Date or such earlier date as the RC Commitment is terminated hereunder. - RCRA: the Resource Conservation and Recovery Act of 1976, as amended, and any rules and regulations issued in connection therewith. - REGISTER: the meaning specified in Subsection 11.7.3.
Sample 1
RC Loans has the meaning ascribed to such term in Section 1.1 (b) hereof. "RC Maturity Date" means December 31, 2000. "RC Note" means each promissory note of the Borrowers issued to a Lender relating to such Lender's RC Loans and RC Commitments substantially in the form of Exhibit A-1 hereto, together with any allonges thereto, from time to time, and any promissory note issued in substitution therefor pursuant to the terms hereof, together with all extensions, renewals, refinancings or refundings thereof in whole or part, in each case as the same may be amended, modified, restated or supplemented from time to time. "Register" has the meaning ascribed to such term in Section 9.8 hereof. "Registered Lender" has the meaning ascribed to such term in Section 1.14 hereof. "Registered Note" has the meaning ascribed to such term in Section 1.14 hereof.
Sample 1
RC Loans has the meaning specified in Section 2.2.1. RC Maturity Date: the fifth anniversary of the Closing Date, or such earlier date as the RC Commitment is terminated hereunder. Related Parties: with respect to any Person, such Person’s Affiliates and the partners, directors, officers and employees, of such Person and of such Person’s Affiliates. 8 LEGAL\38909930\5 Retainage: for each construction contract and subcontract, the greater of (a) ten percent (10%) of all costs funded to the contractor or subcontractor under the contract or subcontract, and (b) the actual retainage required under such contract or subcontract. RTO Transaction: has the meaning specified in Section 2.8.2. Secured Obligations: the Obligations arising from the RC Loans. Securities Act: the Securities Act of 1933, as amended. Security Agreement: the meaning specified in Section 3.1.3. Secured Party: the Lender, the Indemnitees and all other Persons referred to in any Loan Documents as a beneficiary of the security interest granted therein and all other holders of Secured Obligations. Solvent: a condition of a Person on a particular date, whereby on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature, and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed at the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. Work: shall mean the construction of the Project substantially in accordance with the Plans and Specifications, all Legal Requirements and this Agreement.
Sample 1

Related to RC Loans

  • Revolving Loans as defined in Section 2.4(a).

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • LIBOR Loans means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Credit Loans as defined in Section 2.1.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).