LOC Loan definition

LOC Loan shall have the meaning set forth in Section 2.23.
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LOC Loan has the meaning set forth in Section 1(a)(iii) of this Agreement.
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LOC Loan as defined in subsection 4.5(c).
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Examples of LOC Loan in a sentence

  • Specify Accounts for Escrows/Reserves LOC Loan Agreement The description of accounts that can be converted to a letter of credit per the Loan Agreement; or “N/A”, when Escrows/Reserves LOC can’t be converted to LOC.

  • Any LOC Loan Segment shall be treated as fully disbursed for purposes of determining the amount that Borrower may borrow under the Loan.

  • Specify Accounts for Escrows/Reserves LOC Loan Agreement The description of accounts that can be converted to a letter of credit per the Loan Agreement; or "N/A", when Escrows/Reserves LOC can't be converted to LOC.

  • The Management Company is also signatory to that certain Business Loan Agreement dated December 30, 2021 (the “Revolving LOC Loan Agreement” and together with the LOC Loan Agreements, the “Loan Agreements”).

  • The LOC should contact the Treasurer, at minimum, by February 28th of the year in advance of the year for which the loan is requested, since the loan requires Council approval and implementation of a SPNHC/Meeting LOC Loan agreement.

  • SECTION 1.1 Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the LOC Loan Agreement.

  • Don works for the Department of Health as a health educator and grew up in Yakima.

  • The 2017 LOC Loan Facility bears interest at 12% per annum and matures on January 5, 2019.

  • Not surprisingly, given the increased number of agreements and the gradual aging of workers into retirement, the number of beneficiaries has been increasing, from close to zero in 1983 to 237,000 in 2018.

  • Line of Credit Agreement Product Name: LOC Loan Date: Loan Number Account Number Credit Limit $ Borrower 1 Name and Address Borrower 2 Name (and Address if different from Borrower 1) Interest Rate and Interest Charges Annual Percentage Rate (APR) for Cash Advances Paying Interest You will be charged interest from the transaction date.


More Definitions of LOC Loan

LOC Loan means a Pooled Loan representing an advance under a Seller LOC offered to the related Obligor, together with the monthly maintenance fees under such Seller LOC, in each case, as modified from time to time pursuant to all Automatic LOC Payment Modifications with respect to such LOC Loan made in accordance with the terms of the applicable Loan Agreement in connection with each Subsequent LOC Advance under such LOC Loan; provided, however, that notwithstanding the foregoing, with respect to any Seller LOC and any advance thereunder, “LOC Loan” shall only include the Seller’s rights, title, interests, remedies, powers and privileges and obligation, if any, to receive payment and/or enforce remedies under such Seller LOC with regard to the fully disbursed portion of such Seller LOC represented by such advance and shall exclude the Seller’s rights, title, interests, remedies, powers and privileges to (i) make future advances under the Seller LOC under which such LOC Loan was originated and (ii) any subsequently disbursed portion of such Seller LOC unless and until transferred pursuant to the Loan Purchase Agreement.
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LOC Loan shall have the meaning given to such term in Section 2.1(f)(ii).
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LOC Loan means a Pooled Loan representing an advance under an OnDeck LOC offered to the related Obligor, together with the monthly maintenance fees under such OnDeck LOC, in each case, as modified from time to time pursuant to all Automatic LOC Payment Modifications with respect to such LOC Loan made in accordance with the terms of the applicable Loan Agreement in connection with each Subsequent LOC Advance under such LOC Loan; provided, however, that notwithstanding the foregoing, with respect to any OnDeck LOC and any advance thereunder, “LOC Loan” shall only include the Seller’s rights, title, interests, remedies, powers and privileges and obligation, if any, to receive payment and/or enforce remedies under such OnDeck LOC with regard to the fully disbursed portion of such OnDeck LOC represented by such advance and shall exclude the Seller’s rights, title, interests, remedies, powers and privileges to (i) make future advances under the OnDeck LOC under which such LOC Loan was originated and (ii) any subsequently disbursed portion of such OnDeck LOC unless and until transferred pursuant to the Loan Purchase Agreement.
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LOC Loan shall have the meaning given to such term in the Loan Agreement dated as of February 14, 1996 by and between Village Farms of Texas, L.P., as borrower, Farm Credit Bank of Texas and Texas Production Credit Association, as lenders, and CoBank, as Administrative Agent.
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LOC Loan means a Pooled Loan representing an advance under a Seller LOC offered to the related Obligor, together with the monthly maintenance fees under such Seller LOC, in each case, as modified from time to time pursuant to all Automatic LOC Payment Modifications with respect to such LOC Loan made in accordance with the terms of the applicable Loan Agreement in connection with each Subsequent LOC Advance under such LOC Loan; provided, however, that notwithstanding the foregoing, with respect to any Seller LOC and any advance thereunder, “LOC Loan” shall only include a Seller’s rights, title, interests, remedies, powers and privileges and obligation, if any, to receive payment and/or enforce remedies under such Seller LOC with regard to the fully disbursed portion of such Seller LOC represented by such advance and shall exclude such Seller’s rights, title, interests, remedies, powers and privileges to (i) make future advances under the Seller LOC under which such LOC Loan was originated and (ii) any subsequently disbursed portion of such Seller LOC unless and until transferred pursuant to the Loan Purchase Agreement.
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Related to LOC Loan

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Maturity Date means March 31, 2003.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • Term Loan as defined in Section 2.1.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • 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.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • PPP Loan means the loan made to the Company by the PPP Lender pursuant to the PPP Loan Agreement, for the principal amount of $905,207.00, pursuant to the requirements of the Paycheck Protection Program under the CARES Act.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Advances means Advances made other than Letters of Credit.