BABC definition

BABC means BankAmerica Business Credit, Inc.
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BABC are now amended to refer to "Bank of America National Trust and Savings Association" which is the "Lender" under the Agreement and the other Loan Documents.
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BABC has the meaning specified in the introductory paragraph hereof.
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Examples of BABC in a sentence

  • With respect to its Loans, BABC shall have the same rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent, and the terms "Lender" and "Lenders" include BABC in its individual capacity.

  • Each BABC Loan is a Revolving Loan hereunder and shall be subject to all the terms and conditions applicable to other Revolving Loans except that all payments thereon shall be payable to BABC solely for its own account (and for the account of the holder of any participation interest with respect to such Revolving Loan).

  • All Loans (other than BABC Loans and Agent Advances) shall be made by the Lenders simultaneously and in accordance with their Pro Rata Shares.

  • The Agent shall record on its books the principal amount of the Revolving Loans owing to each Lender, including the BABC Loans owing to BABC, and the Agent Advances owing to the Agent, from time to time.

  • Such amounts made available to the Agent shall be applied against the amounts of the applicable BABC Loan or Agent Advance and, together with the portion of such BABC Loan or Agent Advance representing BABC's Pro Rata Share thereof, shall constitute Revolving Loans of such Lenders.


More Definitions of BABC

BABC has the meaning set forth in the fifth preliminary statement.
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BABC means BankAmerica Business Credit, Inc., formerly known as BA Business Credit, Inc., a Delaware corporation, and its successors and assigns.
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BABC has the meaning specified in the first paragraph of this ---- Agreement.
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BABC means BankAmerica Business Credit, Inc., a Delaware corporation. --------------------------------------------------------------------------------
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BABC has the meaning given such term in Section 12.15.
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BABC is defined in subsection 1.2(b).
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BABC has indemnified Bank with regards to the Caratti Facility, in form and substance reasonably satisfactory to Bank.
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