RLOC/TL Loans definition

RLOC/TL Loans means, collectively, Facility 1 and Facility 2, which Credit Facilities were made available by Bank to Borrower pursuant to and as described in the RLOC/TL Loan Agreement. The Loan and the RLOC/TL Loans shall be cross-collateralized and cross-defaulted.
View Source

Examples of RLOC/TL Loans in a sentence

  • All other collateral for the Loan, if any, will also secure the RLOC/TL Loans.

  • All other collateral for the RLOC/TL Loans, if any, will also secure the Loan.

  • Without limitation, at the closing of the Loan, the Deed of Trust executed by Borrower covering the Property described therein will cover all Obligations, including the Loan and the RLOC/TL Loans, and thus the Loan and the RLOC/TL Loans will be cross-collateralized by such collateral.

  • Additionally, the Security Agreement(s) executed by Borrower and/or the other Obligated Group Parties at or prior to the RLOC/TL Closing Date covering the collateral described therein cover all Obligations, including the Loan and the RLOC/TL Loans, and thus the Loan and the RLOC/TL Loans will be cross-collateralized by such collateral.