GFC Loan definition
Examples of GFC Loan in a sentence
The date, amount and interest rate of each GFC Loan made by the Lender to the CGS Originator, and each payment made by or on behalf of the CGS Originator on account of the principal thereof, shall be recorded by the Lender on its books and, prior to any transfer of this Note, endorsed by the Lender on the schedule attached hereto or any continuation thereof.
Subject to the terms and conditions hereof --------- and upon request of the CGS Originator, GFC agrees to make advances available to the CGS Originator from time to time until the Facility Termination Date, to the extent of its available funds (each, an "GFC Loan").
Any such notice must be given in writing on or before the Business Day immediately preceding the day the proposed GFC Loan is to be made or repaid (which shall be a Business Day).
GFC shall, no later ----------------------------- than 12:00 noon (New York time) on the date specified for each GFC Loan hereunder, transfer the amount of the GFC Loan to be made on such date to an account previously designated by the CGS Originator by wire transfer or otherwise in immediately available funds.
The CGS Originator shall utilize the proceeds --------------- of (i) the Sale Price obtained by it for each Sale made by it hereunder and (ii) any GFC Loan solely for general corporate purposes and to pay any related expenses payable by the CGS Originator under this Agreement and the other Related Documents in connection with the transactions contemplated hereby and thereby and for no other purpose.
Each GFC Loan and each ----------------------------- repayment thereof shall be made upon the provision of notice by the CGS Originator to GFC.