Refunding Loans definition

Refunding Loans has the meaning set forth in Section 2.03(c)(i).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Refunding Loans is defined in clause (b)(ii) of Section 2.4.

Refunding Loans means the Refunding Loans made to the Lender by the Liquidity Lenders pursuant to Section 3.03(a) of the Liquidity Agreement.

Examples of Refunding Loans in a sentence

Any such Base Rate Refunding Loans shall be advanced as, and shall continue as, a Base Rate Loan unless and until the Borrower Converts such Base Rate Loan in accordance with the terms of Section 2.12.
Each Advance under the Revolving Credit Facility, other than Base Rate Refunding Loans, shall be in an amount of at least $5,000,000, and, if greater than $5,000,000, an integral multiple of $1,000,000.
Each Loan hereunder, other than Base Rate Refunding Loans, and each conversion under SECTION 2.7, shall be in an amount of at least $100,000, and, if greater than $100,000, an integral multiple of $100,000.
Each Advance under the Revolving Credit Facility, other than Base Rate Refunding Loans, shall be in an amount of at least $1,000,000, and, if greater than $1,000,000, an integral multiple of $1,000,000.
Nothing in the preceding sentence shall obligate, or be deemed to obligate, any of the Lenders to make any Loans at all during the existence of an Event of Default, other than (i) Refunding Loans in the event that the Obligations have not been accelerated pursuant to SECTION 6.01, and (ii) advances on any Settlement Date of a Lender's Commitment Percentage of Settlement Loans or Overadvance Loans made prior to the termination of the Commitments pursuant to SECTION 6.01.
Each Borrowing (excluding any Borrowing that consists solely of Refunding Loans) hereunder shall be deemed to be a representation and warranty by the Borrower on the date thereof that the conditions precedent set forth in clauses (b), (c) and (d) above have been satisfied.
Each Revolving Loan hereunder, other than Base Rate Refunding Loans, and each Conversion under Section 3.8, hereof shall be in an amount of at least $5,000,000, and, if greater than $5,000,000, an integral multiple of $1,000,000.
Each Advance under the Revolving Credit Facility, other than Base Rate Refunding Loans, shall be in an amount of at least $500,000, and, if greater than $500,000, an integral multiple of $100,000.
The proceeds of the Loans may be used only for Tender Advances and Refunding Loans.
Each Domestic Liquidity Lender listed on Schedule A-3 and each Foreign Liquidity Branch listed on Schedule A-6 has the power and authority under the Banking Law of the State of New York to enter into the Liquidity Agreement and to make Refunding Loans thereunder.

More Definitions of Refunding Loans

Refunding Loans means the Refunding Loans made to the Company by GECC pursuant to Section 3.01(c) of the Liquidity Agreement. "Repurchased Receivable" shall mean any Receivable which is repurchased by the Seller pursuant to Section 3.05 hereof.

Refunding Loans is defined in Section 3.2(a) of the Backup Facility Agreement.

Refunding Loans means a new Revolving Loan made on the day on which an outstanding Revolving Loan is maturing or a Base Rate Advance is being converted to a Fixed Rate Advance, if and to the extent that the proceeds thereof are used for the purpose of paying such maturing Loan or Loan being converted, excluding any difference between the amount of such maturing Loan or Loan being converted and any greater amount being borrowed on such day and actually either being made available to the Borrower pursuant to Section 2.8(c) or remitted to the Agent as provided in Section 2.3, in each case as contemplated in Section 2.8(d).