ORCF definition

ORCF means the credit facility ---------------------------------- ---- provided by the Original Revolving Credit Agreement.
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Examples of ORCF in a sentence

  • Any Operator (including Borrower) must be approved by HUD and shall execute a Supplemental Healthcare Regulatory Agreement – Operator (Form HUD-92467A-ORCF, upon such terms as are acceptable to HUD and a Supplemental Operator Security Agreement (Form HUD-92323A- ORCF, modified as required by HUD) and deposit account control agreements in form and substance satisfactory to HUD and Lender.

  • AR Lender makes no 678 representations or covenants with respect to Operator’s compliance with the terms of this Section 679 3.3. 680 681 [The terms of this Section 3.4 are not standardized and are meant to be revised by the Closing 682 Attorney, with ORCF Closer consent, as agreed to by all parties to reflect the deal-specific 683 circumstances and agreements.

  • Any Operator 725 (including Borrower) must be approved by HUD and shall execute a Supplemental Healthcare 726 Regulatory Agreement – Operator (Form HUD-92467A-ORCF) upon such terms as are 727 acceptable to HUD and a Supplemental Operator Security Agreement (Form HUD-92323A- 728 ORCF, modified as required by HUD) and deposit account control agreements in form and 729 substance satisfactory to HUD and Lender.

  • Notwithstanding the foregoing, it is hereby agreed that, without further approval by FHA Lender or HUD: [INSERT CHANGES/AMENDMENTS TO MATERIAL TERMS, IF ANY, THAT ORCF HAS PRE-APPROVED AND AGREED DO NOT REQUIRE FURTHER HUD CONSENT.

  • If Borrower is or becomes Operator, Borrower shall 730 execute a Supplemental Healthcare Regulatory Agreement – Operator (Form HUD-92467A- 731 ORCF, modified as required by HUD) upon terms acceptable to HUD and a Supplemental 732 Operator Security Agreement (Form HUD-92323A-ORCF, modified as required by HUD) and 733 deposit account control agreements in form and substance satisfactory to HUD and Lender.

  • In the event of any assignment of a Borrower-Operator Agreement, as a condition to such assignment, the new Operator must execute a Healthcare Regulatory Agreement – Operator (Form HUD-92466A- ORCF), as approved by HUD, an Operator Security Agreement (Form-HUD-92323-ORCF) and deposit account control agreements in form and substance satisfactory to Lender and HUD.

  • In the event of any 446 assignment of a Borrower-Operator Agreement, as a condition to such assignment, the new 447 Operator must execute a Healthcare Regulatory Agreement – Operator (Form HUD-92466A- 448 ORCF), as approved by HUD, an Operator Security Agreement (Form-HUD-92323-ORCF) and 449 deposit account control agreements in form and substance satisfactory to Lender and HUD.

  • If Borrower is or becomes Operator, Borrower shall execute a Supplemental Healthcare Regulatory Agreement – Operator (Form HUD-92467A- ORCF, modified as required by HUD) upon terms acceptable to HUD and a Supplemental Operator Security Agreement (Form HUD-92323-ORCF, modified as required by HUD) and deposit account control agreements in form and substance satisfactory to HUD and Lender.

Related to ORCF

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • CIT means The CIT Group/Business Credit, Inc.

  • First Lien Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement dated as of the Effective Date among the Collateral Agent, the Administrative Agent and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified or replaced from time to time.

  • Secured Treasury Management Agreement means any Treasury Management Agreement between any Loan Party and any Treasury Management Bank; provided, that for any of the foregoing to be included as a “Secured Treasury Management Agreement” on any date of determination by the Administrative Agent, the applicable Treasury Management Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination.