RFA Facility definition
RFA Facility means that certain defaulted loan receivables facility made by Resort Finance America, LLC to Borrower pursuant to that certain Inventory Loan and Security Agreement dated as of May 21, 2012, by and between RFA PMR Loanco, LLC and Borrower, as in effect on the Closing Date without giving effect to any subsequent amendment or modification of such facility, unless such amendment or modification is approved by the Administrative Agent in writing.
RFA Facility means that certain receivables finance loan made by Resort Finance America, LLC to Mystic Dunes Receivables, LLC, a wholly-owned indirect subsidiary of Borrower pursuant to that certain Loan and Security Agreement dated as of June 30, 2011, among, inter alia, Resort Finance America, LLC and Mystic Dunes Receivables, LLC.
Examples of RFA Facility in a sentence
The Restricted Cash Account shall at all times be under the “control” (as defined in the UCC) of the agent or lender under the RFA Facility.