RCF Loan definition
Examples of RCF Loan in a sentence
BKRF will not, and will not permit any other RCF Loan Party to, cause any Releases of Hazardous Materials at, on or under the Project or Site except to the extent such Release (a) is otherwise in compliance in all material respects with all Applicable Laws, including Environmental Laws, and applicable insurance policies or (b) could not otherwise reasonably be expected to have a Material Adverse Effect.
BKRF will not, nor will it permit any other RCF Loan Party or any of its or their Subsidiaries to, modify or change its fiscal year or its method of accounting (other than as may be required to conform to GAAP).
Each U.S. RCF Lender will make the proceeds of any U.S. RCF Loan made pursuant to the immediately preceding sentence available to the U.S. Administrative Agent for the account of the Swing Line Lender at the office of the U.S. Administrative Agent prior to 12:00 Noon, New York City time, in funds immediately available on the Business Day next succeeding the date on which the U.S. RCF Commitments expire or terminate, in Dollars.
BKRF shall not, and shall not permit any other RCF Loan Party to, assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for Indebtedness or obligations of any Person except as otherwise permitted under the terms of the Loan Documents.
BKRF will not, and will not permit any of the other RCF Loan Parties or their Subsidiaries to, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than Permitted Liens (as defined in the RCF Agreement).
BKRF shall not, and shall not permit any other RCF Loan Party to, maintain any securities accounts or bank accounts other than the Collateral Accounts (as defined in the Term Credit Agreement) and the Designated Account.
BKRF will not, nor will it permit any of the other RCF Loan Parties or their Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness (as defined in the RCF Agreement), except for Permitted Indebtedness (as defined in the RCF Agreement).
BKRF will, and will cause each other RCF Loan Party to, maintain in effect policies and procedures designed to promote compliance by BKRF, its Subsidiaries, and their respective directors, officers, employees, and agents with applicable Sanctions and with the FCPA and any other applicable Anti-Corruption Laws.
At least five (5) days prior to any Person becoming a RCF Loan Party, if requested by Vitol, BKRF shall cause any such Person that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation (as defined in the RCF Agreement) and has not previously delivered a Beneficial Ownership Certification (as defined in the RCF Agreement) to deliver a Beneficial Ownership Certification to Vitol.
BKRF shall, and shall cause each other RCF Loan Party to, comply with and perform its Contractual Obligations, and enforce against other parties their respective Contractual Obligations, under each Material Contract to which it is a party except to the extent any non-compliance or non-enforcement, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.