Revolving Loan Account definition

Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

Revolving Loan Account means the loan account on the Administrative Agent’s books, in the name of the Borrower Representative on behalf of the Borrowers, in which the Borrowers will be charged with all Obligations when due or incurred by the Administrative Agent or any Lender.

Revolving Loan Account means the account on CIT's books, in the Company's name, in which the Company will be charged with all Obligations under this Financing Agreement.

Examples of Revolving Loan Account in a sentence

• All credit entries to the Revolving Loan Account are conditional and shall be readjusted as of the date made if final and indefeasible payment is not received by the Lender in cash or solvent credits.

• Any returned Items of Payment shall be charged back to the Collateral Account, the Revolving Loan Account, or other account, as appropriate.

• The Lender may debit the Revolving Loan Account for the amount of any Item of Payment that is returned to the Lender unpaid.

• All credit entries to the Revolving Loan Account are conditional and shall be readjusted as of the date made if final and indefeasible payment is not received by the Agent in cash or solvent credits.

• Any amount charged to the Revolving Loan Account shall be deemed a Chase Bank Rate Loan hereunder and shall bear interest at the rate provided in Section 8.1 (or Section 8.2, if applicable) of this Financing Agreement.

More Definitions of Revolving Loan Account

Revolving Loan Account is defined in Section 2.1.4.

Revolving Loan Account means the account on the books of the Agent in the name of the Borrower in which the following shall be recorded: Advances made by the Lenders to and for the account of the Borrower pursuant to Section 2 of this Agreement; all other charges, expenses and other items properly chargeable to the Borrower with respect to such Advances; all Costs with respect to such Advances; all payments made by the Borrower on account of Indebtedness evidenced by the Revolving Credit Notes; and other appropriate debits and credits.

Revolving Loan Account shall have the meaning assigned in Section ------- 2.3 hereof. ---

Revolving Loan Account means an arrangement between a lender and a debtor pursuant to which:

Revolving Loan Account has the meaning set forth in Section 2.6(b).

Revolving Loan Account means an arrangement between a lender and a debtor pursuant to which (1) the lender may permit the debtor to obtain loans from time to time, (2) the unpaid balances of principal and the loan finance and other appropriate charges are debited to an account, (3) a loan finance charge if made is not precomputed but is computed on the outstanding unpaid balances of the debtor’s account from time to time, and (4) the debtor has the privilege of paying the balances in installments.

Revolving Loan Account means an agreement pursuant to which