Common use of LOC Clause in Contracts

LOC. If an event of default shall occur under the LOC Documents which is not cured to the satisfaction of the LOC Lender and/or the LOC is terminated or cancelled or the obligation of the LOC Lender to advance the LOC proceeds is terminated or rescinded; or

Appears in 1 contract

Sources: Loan and Security Agreement (Millennium Ethanol, LLC)

LOC. If an event of default shall occur under the LOC Documents which is not cured to the satisfaction of the LOC Lender and/or the LOC is accelerated, terminated or cancelled or the obligation of the LOC Lender to advance the LOC proceeds is terminated or rescinded; or

Appears in 1 contract

Sources: Loan and Security Agreement (REX AMERICAN RESOURCES Corp)