BC Loans definition
BC Loans means financing loans between Blue Chip, as lender and/or secured party, and a Person other than Blue Chip, as borrower and/or debtor, entered into in the normal course of Blue Chip’s business, pursuant to which (a) an advance or loan is made by Blue Chip to such Person, and (b) such Person grants to Blue Chip a lien or security interest in its property and assets to secure such Person’s obligations to Blue Chip.
Examples of BC Loans in a sentence
Notwithstanding the foregoing, the obligation of each Tranche BC Lender to make the initial Tranche BC Loans on the Tranche BSecond Amendment Effective Date shall be subject solely to the conditions set forth in Section 1110 of the FirstSecond Amendment.
Which has been held by Administrative Agent for Lenders as an Eligible-Mortgage Loan for either (a) 120 calendar days or less, or (b) for B/C Loans and Second-Lien Loans committed to bulk delivery programs approved in writing by Administrative Agent, 180 calendar days or less.