LOC Loans definition

LOC Loans shall have the meaning set forth in the VEPCO L/C Agreement.
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LOC Loans has the meaning assigned to such term in the LC Facility Credit Agreement.
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Examples of LOC Loans in a sentence

  • The [Requested] Interest Period for $[________] [$1,000,000 and increments of $100,000] of such LIBOR LOC Loans shall be [______] months.

  • After the delivery by the Issuing Bank of a Termination Notice, the Stated Amount shall be neither increased, nor reinstated upon payment of any DSR LOC Loans, notwithstanding any other provision of this Agreement to the contrary.

  • Any amounts remaining after each such application shall, at the option of the Borrower, be applied to prepay Term Loans and/or LOC Loans which are Eurodollar Loans immediately and/or shall be deposited in the Prepayment Account (as defined below).

  • The Borrower hereby further agrees to pay interest on the unpaid principal amount of the LOC Loans from time to time outstanding from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in subsection 5.4.

  • The Partnership understands that such costs and losses may include losses incurred by a Letter of Credit Bank as a result of funding and other contracts entered into by such Letter of Credit Bank to fund LIBOR LOC Loans or reallocating any costs incurred or allocated to fund such LIBOR LOC Loans.

  • The L/C Facility Agent shall promptly notify each Letter of Credit Bank of the contents of each Notice of LOC Loans.

  • One woman discussed how while she and her partner make decisions together, her partner will defer to her on farm related decisions.

  • Virginia Power and the Partnership shall then reconcile the LOC Interest Allocation with the interest payments actually made by the parties on account of the LOC Loans during the LOC Interest Period and determine the amount, if any, owed by one party to the other in order to make the interest actually paid by each of Virginia Power and the Partnership equivalent to the amount owed by such party under the LOC Interest Allocation.

  • In the event the Securities are accelerated and no foreclosure occurs within 180 days thereafter, then principal of the Debt Service Reserve LOC Loans shall be paid equally and ratably in priority Third in lieu of priority Fourth above until such time as such foreclosure has occurred or such acceleration has been rescinded or otherwise remedied.

  • Such replacement Letter of Credit Bank shall upon the effective date of replacement purchase the Reimbursement Obligations and LOC Loans owed to such replaced Letter of Credit Bank for the aggregate amount thereof and shall thereupon for all purposes become a "Letter of Credit Bank" hereunder.