RLOC definition

RLOC means the revolving line of credit in the amount of the RLOC Commitment as described under Section 2.1(a) hereof.
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RLOC means that certain revolving line of credit in amounts not to exceed Ten Million and No/100 Dollars ($10,000,000.00) as more particularly described in Section 2.1 hereof.
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RLOC has the meaning set forth in the Background of this Agreement.
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Examples of RLOC in a sentence

  • Valid values can be found in the R_LOC table in the eCAPS Financial system.

  • Borrowers shall be deemed to have requested an advance under the RLOC upon the occurrence of an overdraft in any of Borrowers’ checking accounts maintained with the Lender.

  • The term “Loan” as defined in the Loan Agreement shall henceforth be defined as to include the Consolidation RLOC Loan.

  • The maturity date of the RLOC Loan is hereby extended to July 31, 2014 (the “Extended Maturity Date”).

  • The Lender has made the Consolidation RLOC Loan in the amount of $7,500,000.00 of even date herewith.

  • Disputes under this Agreement must be resolved in the manner specified in the RLOC Loan/Term Loan Agreement and RE Loan Agreement, with attorneys’ fees and costs to be recovered as set forth in the RLOC Loan/Term Loan Agreement and RE Loan Agreement.

  • The Extended Maturity Date of the RLOC Loan is reflected in the Restated RLOC Loan Note being executed by Borrower pursuant to Section 3.9 below.

  • For purposes described under Section 2.2 hereof, Borrowers may present checks and request wire transfers (together “Drawings”) to be drawn from the Disbursement Account, and to the extent that balances therein are less than the aggregate amounts of such Drawings to the extent there are funds available, Lender shall advance funds under the RLOC into the Disbursement Account in amounts sufficient to cover such Drawings.

  • The majority of expenditures for AP Products have occurred through loans obtained from Buyer, which are reflected in the RLOC.

  • On a daily basis, at the Lender’s option, the Collected Balance in the Special Collection Account may be withdrawn by Lender and applied to the RLOC, or, at Lender’s discretion, to the other Loans.


More Definitions of RLOC

RLOC is a formula based revolving line of credit, based upon Borrower’s accounts receivable (in an amount of up to equal to (i) Seven Million Five Hundred Thousand Dollars ($7,500,000.00) minus the (ii) sum of (A) aggregate amount of Indebtedness then outstanding that is described in clause (e) of the definition of Permitted Indebtedness or that is otherwise incurred in the form of financing lease obligations and permitted hereunder, (B) the aggregate amount of Indebtedness then outstanding that is described in clause (h) of the definition of Permitted Indebtedness and (C) the aggregate amount of all interest payments made on Subordinated Debt in accordance with the provisions of this Agreement) that the Borrower may enter into after the Effective Date, in connection with which the lender(s) under the RLOC (which lender(s) must be reasonably acceptable to Collateral Agent) may have first priority security interest in accounts receivable of Borrower and identifiable proceeds thereof and be subject to RLOC Intercreditor Agreement.
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RLOC means the revolving line of credit in the amount of the RLOC Commitment as described under Section 2.1 (a) hereof.
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RLOC means that certain Second Amended and Restated Credit Agreement, dated as of September 15, 2017, among Borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto, Bank of America, N.A., as Agent, Swing Line Lender and L/C Issuer, and First Hawaiian Bank, as L/C Issuer.
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Related to RLOC

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Credit Line as defined in Section 2.1.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Equity Line of Credit shall have the meaning ascribed to such term in Section 4.13.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Letter of Credit Limit means $5,000,000.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Term Credit Agreement means the Term Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • LOC means the entity awarded the Championships and entering into this Agreement, having executed the Attached Bid.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Loan Note means any loan note issued in accordance with the arrangements for any loan note alternative in the Scheme or, as the case may be, the Offer.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.