RLOC definition
RLOC means the revolving line of credit in the amount of the RLOC Commitment as described under Section 2.1(a) hereof.
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.
RLOC has the meaning set forth in the Background of this Agreement.
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.
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.
RLOC means the revolving line of credit in the amount of the RLOC Commitment as described under Section 2.1 (a) hereof.
RLOC means a Commercial Non-Formula Revolving Lines of Credit (Note Type 112). "RTP®” means Real-Time Payments as that term is used and/or defined by TCH.