NAC Project Loan definition
NAC Project Loan means a Working Capital Revolving Loan made under the Working Capital Revolving Credit Facility for the purpose of providing construction financing to NAC for a specific NAC Project.
Examples of NAC Project Loan 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.