RLC Advance definition

RLC Advance means a disbursement of the proceeds of the RLC.
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RLC Advance means an advance to the Borrower by the Lender under the RLC.
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RLC Advance means an advance by Lender to the Borrower under the RLC pursuant to Section 3 and includes a Variable Rate RLC Advance, a LIBOR Rate RLC Advance and a CD Rate RLC Advance (each of which shall be a "Type" of RLC Advance).
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Examples of RLC Advance in a sentence

  • Notwithstanding that such an RLC Advance or RLC Advances are made, such unsatisfied conditions and/or requirements shall not be waived or released thereby.

  • Lender shall have no obligation to make any RLC Advance unless and until all of the conditions and requirements of this Credit Agreement are fully satisfied.

  • The Banks shall not be obligated to fund their Pro Rata Share of any RLC Advance if, after giving effect thereto, any of the foregoing limitations would be exceeded.

  • Each such Disbursement shall be deemed to be an RLC Advance hereunder.

  • Borrower shall have no right to any RLC Advance other than to have the same disbursed by Lender in accordance with the disbursement provisions contained in this Credit Agreement.

  • If requested, Borrower shall confirm in writing to the Administrative Agent each RLC Advance.

  • The Banks shall have no obligation to fund their Pro Rata Shares of any RLC Advance unless and until all of the conditions and requirements of this Credit Agreement are fully satisfied.

  • Borrower shall have no right to any RLC Advance other than to have the same disbursed by the Administrative Agent in accordance with the disbursement provisions contained in this Credit Agreement.

  • Lender shall have no obligation to make any RLC Advance unless and until all of the conditions and requirements of this Loan Agreement are fully satisfied.

  • Borrower shall have no right to any RLC Advance other than to have the same disbursed by Lender in accordance with the disbursement provisions contained in this Loan Agreement.


More Definitions of RLC Advance

RLC Advance means an Advance by Lender to the Borrower under the RLC
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Related to RLC Advance

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Revolving Advance has the meaning given in Section 2.1.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • SOFR Advance means an Advance that bears interest at a rate based on Term SOFR.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.