FCC Loan definition

FCC Loan means a loan or extension of credit made by the Borrower or a Guarantor to an FCC Borrower.
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Examples of FCC Loan in a sentence

  • The payment of the FCC Loan shall be unconditionally guaranteed by FGC and by ▇▇▇▇▇▇▇.

  • All payments of Loans Receivable by FCC Borrowers or any other Person obligated to make the same (but excluding any payments resulting from the Borrower or any Guarantor realizing on collateral securing an FCC Loan) are paid by each FCC Borrower or other Person directly to, and received by the Borrower in, the Chase Account or an account of the Borrower with the Agent and to no other account.

  • Each External Valuation Report will cover, at a minimum, approximately twenty-five percent (25%) of the FCC Loans on a rotating basis, so that (A) each FCC Loan, greater than 1.5% of the aggregate Fair Value of all FCC Loans, will be evaluated at least once during each Fiscal Year and (B) notwithstanding the immediately preceding clause (A), not less than ninety percent (90%) of all FCC Loans will be evaluated during each Fiscal Year.

  • The FCC Loan shall be closed as of October 31, 2005 (the “Closing Date”).

  • At or prior to the Effective Date, the Borrower shall have provided evidence to the Lender of the unconditional release of the Guaranty, and all obligations thereunder, executed by the Borrower in favor of FCC in connection with the FCC Loan Agreement.

  • However, the Borrower shall cause to be prepared and delivered to the Agent and the Lenders an External Valuation Report every other fiscal quarter (i.e., every six months) (i) for each Second Lien Loan, unless the Average Excess Availability is greater than or equal to $10,000,000 for the two full months preceding the month in which such External Valuation Report would have to be delivered and (ii) for each FCC Loan that is included in any Borrowing Base Certificate and has a Fair Value Rating below 96.

Related to FCC Loan

  • 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).

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • 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;

  • 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).