ACC Loan definition
ACC Loan has the meaning set forth in Section 4.3(c).
ACC Loan. Any Loan included on the ACC Loan List.
Examples of ACC Loan in a sentence
Each ACC Loan shall bear interest at an interest rate to be determined by the General Partner in its sole discretion, but not to exceed 18% per annum, and shall be repaid from the Defaulting Partner’s share of the first available distributions of Cash Flow, Capital Proceeds or liquidating proceeds from the Partnership, which shall be paid directly to each ACC Creditor in proportion to their respective ACC Loan amounts until the principal balance of and all interest on the ACC Loans are repaid in full.