BCAP Loan definition

BCAP Loan means any “business capital” or other term loan (as distinct from a loan originated specifically to acquire or finance a particular item or items of equipment). For the avoidance of doubt, the defined term “Contract” shall include BCAP Loans.
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Examples of BCAP Loan in a sentence

  • No amount repaid or prepaid on any BDC BCAP Loan may be borrowed again.

  • Except as provided above, proceeds of a BDC BCAP Loan may not be used for any other purpose, including to repay or refinance existing debt, to make shareholder contributions, shareholder loans, buy back stock, issue stock options, or pay any bonuses or increase executive compensation.

  • Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make loans (individually, a "BDC BCAP Loan" and collectively, the "BDC BCAP Loans") in Canadian Dollars to the Borrower up to the amount of such Lender's BDC BCAP Credit Commitment, subject to any increases or reductions thereof pursuant to the terms hereof, on the Closing Date.

  • Each Borrowing of BDC BCAP Loans shall be made rateably by the Lenders in proportion to their respective BDC BCAP Loan Percentages.

  • Following any termination of the Executive's employment, the Corporation shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Corporation, including, but not limited to, any deferred compensation plan or program, at the time such payments are due.

Related to BCAP Loan

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).