WC Loans definition

WC Loans has the meaning set forth in Section 2.01(a) hereof. A WC Loan is a Committed Loan.
Sample 1Sample 2Sample 3
WC Loans has the meaning specified in Section 2.01(a).
Sample 1
WC Loans set forth in Section 1.01 of the Credit Agreement are hereby amended by deleting each such in its entirety and restating each such definition as follows:
Sample 1

Examples of WC Loans in a sentence

  • In addition, the Borrowers shall deliver to the Administrative Agent, within two (2) Business Days after the issuance of any Product Under Contract LC, a Borrowing Base Report evidencing that the aggregate amount of all outstanding WC Loans plus the issued and outstanding amount of all Letters of Credit (including all Product Under Contract LCs) does not exceed the Borrowing Base (or, in the case of any excess, the Borrowers shall be required to immediately repay any such excess).

  • WC Loans may be Base Rate Loans, Cost of Funds Rate Loans or Eurocurrency Rate Loans, as further provided herein.

  • Each such notice shall specify the date and amount of such prepayment, whether such prepayment is a prepayment of the WC Loans, the Revolver Loans or some combination thereof and the Type(s) of Committed Loans to be prepaid and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Committed Loans.

  • In addition, the Borrowers shall deliver to the Administrative Agent, within two (2) Business Days after the issuance of any Product Under Contract LC, a Borrowing Base Report evidencing that the aggregate amount of all outstanding WC Loans, WC Interim Loans plus the issued and outstanding amount of all Letters of Credit (including all Product Under Contract LCs) does not exceed the Borrowing Base (or, in the case of any excess, the Borrowers shall be required to immediately repay any such excess).

  • WC Loans may be Base Rate Loans, Daily SOFR Loans or Term Rate Loans, as further provided herein.

  • The Borrower hereby irrevocably authorizes each Agent to make or cause to be made, on a schedule attached to the WC Credit Note or on the books of each Agent, at or following the time of making each WC Loan and of receiving any payment of principal, an appropriate notation reflecting such transaction and the then aggregate unpaid principal balance of the WC Loans.

  • Subject to the terms and conditions of this Agreement, the amount of W/C Loans made pursuant to Section 3.1 so received by the Agent shall be deposited into ----------- the Operating Account on such date.

  • The Company hereby promises to pay ------------------ to the Agent for the account of each Lender of W/C Loans the principal amount of such Lender's outstanding W/C Loans in full on the W/C Commitment Termination Date.

  • The WC Loans shall be repaid in cash at the Closing of the Transaction, unless the Sponsor elects to convert at the redemption price.

  • The Bridge Loan and WC Loans will be interest bearing at 10% per annum.

Related to WC Loans

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • 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.

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

  • 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.

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

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

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

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

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

  • 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).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • 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.

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

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

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

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

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

  • Term Loan as defined in Section 2.1.

  • 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.

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

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Swing Loans each is defined in Section 1.7 hereof.