NAC Project definition

NAC Project means any project undertaken by NAC to construct a retail convenience store and/or gas station on behalf of a prospective owner.
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Examples of NAC Project in a sentence

  • Notwithstanding the foregoing, neither the Borrower nor NAC shall be required to grant the Lender a mortgage lien on any NAC Project unless and until such time as the related NAC Project Loan is converted to a Working Capital Term Loan.

  • ANTI-CORRUPTION IN PICTURES"; Anti-Corruption Investigative Journalism Competition; Organisation of essay contest for students– July 2014 NAC Project proposal was accepted in September 2014 and financial support has been provided for the project activities.

  • Notwithstanding the foregoing, (a) the aggregate principal balance at any time outstanding of all NAC Project Loans (including NAC Project Loans converted to Working Capital Term Loans) may not exceed $4,000,000, and (ii) not more than $2,000,000 may be borrowed under the Working Capital Revolving Credit Facility for any individual NAC Project.