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 of this Agreement.
Sample 1

Examples of RC Loans in a sentence

  • 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.

  • On and after the RC Repricing Effective Date, each reference in the Loan Documents (i) to “RC Loans” shall be deemed a reference to the New RC Loans contemplated hereby, (ii) to “RC Commitments” shall be deemed to be a reference to the New RC Commitments as contemplated hereby, and (iii) except as the context may otherwise require, each reference to “RC Lenders” shall be deemed a reference to the New RC Lenders.

  • Subject to Sections 2.3, 2.8 and 7.2, the Borrower will repay the principal amount of the Bridge Loan on the Bridge Maturity Date, together with accrued interest thereon; provided, however, that if the Closing Date occurs prior to the Bridge Maturity Date, the amount of the Bridge Loan shall be deemed to be part of the initial advance under the RC Commitment, and shall be part of the RC Loans.

  • The final maturity date of the New RC Loans shall be the RC Maturity Date (for the avoidance of doubt, as such term is amended pursuant to this Amendment).

  • 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.

  • The Borrower shall pay to the Administrative Agent for the account of the Lenders a fee equal to the product of (a) the Applicable Margin for RC Loans bearing interest at a rate based on Adjusted LIBOR multiplied by (b) the face amount of each outstanding Letter of Credit (to the extent such face amount is undrawn) (the "Letter of Credit Fees").

  • 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.

  • Each reduction of the Total RC Commitment shall be accompanied by payment of the RC Loans to the extent that the principal amount of RC Outstandings exceeds the Total RC Commitment after giving effect to such reduction, together with accrued and unpaid interest on the amounts prepaid and any amount required under Section 4.4. 2.2. Utilization of Alternative Currencies.

  • Each New RC Lender, as to itself, hereby agrees to waive any indemnity claim for breakage costs under Section 2.8.5 of the Credit Agreement in connection with the prepayment or replacement of Existing RC Loans contemplated hereby.

  • The Contractor will provide emergency on-call service for the operation of the wastewater treatment facilities.


More Definitions of RC Loans

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 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 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 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. ARTICLE 2
Sample 1

Related to RC Loans

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

  • 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).

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

  • 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 as defined in Section 2.1.

  • 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 shall have the meaning assigned to such term in Section 2.21.

  • Swing Loans each is defined in Section 1.7 hereof.

  • 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 U.S. Swingline Loans, the U.S. Overadvances, and the U.S. Protective Advances.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

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