O/A Loan definition
O/A Loan. The unpaid principal balance of all Revolving Credit Loans which are then supported by O/A Availability. - "O/A Margin": The per annum percentage to be added to Base, as determined pursuant to the Pricing Grid. "O/A Rate": The aggregate (calculated based on a 360 day year and actual days elapsed) of Base plus the applicable O/A Margin. Section 7-2 of the Loan Agreement is amended to read as follows:
Examples of O/A Loan in a sentence
The Lenders hereby waive any obligations of the Borrowers to comply with (i) Section 5.10 of the RW OA Loan Agreement for the quarterly periods ending on September 30, 2022 and December 31, 2022; and (ii) Section 5.10 of the RW National Loan Agreement for the periods ending on September 30, 2022 and December 31, 2022.