Examples of Revolving Loan Account in a sentence
All credit entries to the Revolving Loan Account are conditional and shall be readjusted as of the date made if final and indefeasible payment is not received by the Lender in cash or solvent credits.
Any returned Items of Payment shall be charged back to the Collateral Account, the Revolving Loan Account, or other account, as appropriate.
The Lender may debit the Revolving Loan Account for the amount of any Item of Payment that is returned to the Lender unpaid.
On September 25, 2010, Governor Schwarzenegger signed Senate Bill (SB) 10401 which codified the CASF program and expanded it to include three accounts: (1) the Infrastructure Grant Account, (2) the Consortia Grant Account, and (3) the Revolving Loan Account.
All credit entries to the Revolving Loan Account are conditional and shall be readjusted as of the date made if final and indefeasible payment is not received by the Agent in cash or solvent credits.