Revolving Loan Account definition

Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).
Revolving Loan Account means the loan account on the Administrative Agent’s books, in the name of the Borrower Representative on behalf of the Borrowers, in which the Borrowers will be charged with all Obligations when due or incurred by the Administrative Agent or any Lender.
Revolving Loan Account means the account on CIT's books, in the Company's name, in which the Company will be charged with all Obligations under this Financing Agreement.

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.


More Definitions of Revolving Loan Account

Revolving Loan Account shall have the meaning assigned in Section ------- 2.3 hereof. ---
Revolving Loan Account is defined in Section 2.1.4.
Revolving Loan Account means the account on the books of the Agent in the name of the Borrower in which the following shall be recorded: Advances made by the Lenders to and for the account of the Borrower pursuant to Section 2 of this Agreement; all other charges, expenses and other items properly chargeable to the Borrower with respect to such Advances; all Costs with respect to such Advances; all payments made by the Borrower on account of Indebtedness evidenced by the Revolving Credit Notes; and other appropriate debits and credits.
Revolving Loan Account means an arrangement between a lender and a debtor pursuant to which:
Revolving Loan Account means an agreement pursuant to which
Revolving Loan Account means the account on the books of the Lender in which will be recorded Revolving Loans made by the Lender to the Borrower pursuant to this Agreement, payments made on such Revolving Loans and other appropriate debits and credits as provided by this Agreement.
Revolving Loan Account shall have the meaning as assigned in Section 2.04(h).