RLOC Note definition

RLOC Note means the revolving note of Borrowers in favor of Lender in the amount of the RLOC as set forth in Section 2.1, as well as any promissory note or notes issued by Borrowers in substitution, replacement, extension, amendment or renewal of any such promissory note or notes.

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RLOC Note means the RLOC Note of Borrowers dated as of the Closing Date in favor of Lender in the amount of the RLOC as set forth in Section 2.1(a) (substantially in the form of Exhibit 1.39 attached hereto), as well as any promissory note or notes issued by Borrowers in substitution, replacement, extension, amendment or renewal of any such promissory note or notes.

RLOC Note means that certain Promissory Note (Revolving Line of Credit) dated July 16, 2009, as amended by that certain Note Modification Agreement and Allonge dated August 3, 2010, and that certain Second Note Modification Agreement and Allonge dated March 1, 2011, each executed by Borrower in favor of Lender, including any and all renewals, extensions, modifications and replacements thereof, including, without limitation, any which extend the maturity or increase the principal amount thereof.

Examples of RLOC Note in a sentence

The RLOC Note and the Term Note are hereinafter referred to as the "Notes".
The term “Note” in the Loan Agreement shall henceforth be defined to include the Consolidation RLOC Note.
All Overadvances shall be payable on demand, shall be secured by the Collateral and shall bear interest as provided in this Agreement for the RLOC Note.
The obligation to repay the RLOC shall be evidenced by the RLOC Note and shall have the repayment terms and interest rates as set forth therein.
The Indebtedness of the Borrower to the Bank under the RLOC is evidenced by the RLOC Note.
The Operating RLOC Note is hereby amended to delete the phrase "the Operating RLOC Maturity Date" and insert the phrase "November 1, 1999", in the place thereof.
Subject to Borrowers' compliance with the terms and conditions of this Consolidating Loan Agreement, Lender has made and shall continue to make available to Borrowers loans, from the Closing Date through the Evergreen RLOC Maturity Date, which loans, in accordance with the Evergreen RLOC Note, may be advanced, repaid, and readvanced but which may not, when aggregated at any one time outstanding, exceed $80,000,000.00.
Borrower hereby affirms and warrants that all of the warranties made in the Renewal RLOC Note, Loan Agreement and the other Loan Documents, and any other documents or instruments recited herein or executed with respect thereto directly or indirectly, are true and correct as of the date hereof and that Borrower is not in default of any of the foregoing nor aware of any default with respect thereto, and that Borrower has no defenses or rights of offset with respect to any indebtedness to the Bank.
The proceeds of the Loans shall be used to renew and replace existing indebtedness of Borrowers outstanding to Lender under that certain RLOC Note in the original principal amount of $20,000,000.00 executed by Borrowers in Favor of Lender and dated September 24, 2008, as such has been modified, amended, restated and renewed from time to time.
However, if subsequent to this initial advance, Lender determines that the loan-to-value ratio (the “LTV Ratio”) exceeds 50%, any subsequent disbursements or re-advancements under the Second Amended RLOC Note shall be suppressed (“RLOC Loan Suppression”), and Lender shall notify Borrower that Borrower’s rights to additional advances under the Second Amended RLOC Note have been limited until such time as the LTV Ratio is 50% or less.

More Definitions of RLOC Note

RLOC Note is defined in Section 1.2(e) of this Agreement.

RLOC Note means that certain Revolving Line of Credit Note agreement entered on or about October 1, 2014 with JP Morgan Chase Bank, N.A, to provide the Debtor with a revolving line of credit up to $20,000,000 and which is secured by a lien on substantially all the assets of the Debtor.

RLOC Note means the Second Amended and Restated RLOC Note of Borrower dated as of the date hereof in favor of Lender in the amount of the RLOC as set forth in Section 2.1(a), as well as any promissory note or notes issued by Borrower in substitution, replacement, extension, amendment or renewal of any such promissory note or notes.” (h) The following definitions are hereby added in appropriate alphabetical order in Article 1:

RLOC Note means the revolving line of credit note, dated as of the Initial Closing Date, of the Borrower payable to the order of the Bank, as the same may be amended, renewed, replaced, or supplemented from time to time, evidencing the RLOC.