OC Loan Facility definition
OC Loan Facility means any loan or other credit facility entered into by an OC Lender with BCC, which loans or credit facility is secured, either directly or indirectly (among other things) all or a portion of the membership interest in BWF.
Examples of OC Loan Facility in a sentence
The Master Trust Administrator shall inform the Trustee, the Servicer and the Noteholders that Shared Collections are no longer available if payment obligations become due and payable under an OC Loan Facility that has been entered into by BCC with an OC Lender (“Shared Collection Suspension Event”).
The Master Trust Administrator shall inform the Trustee, the Servicer and the Noteholders in writing within two (2) Business Days after all payment obligations under an OC Loan Facility have been fully paid and the date paid in full.