RP Loan definition
RP Loan means the loan made by the Company or a consolidated Subsidiary of the Company to ChlorAlp S.A.S. as a part of the Phase One Purchase Price, which loan shall not exceed FRF 66.3 million in original principal amount, shall be repayable as to principal in approximately equal periodic installments over a four-year period beginning on the date of payment of the Phase One Purchase Price, shall be repayable at intervals not longer than three months, and shall bear interest at a rate not higher than the greater of the prevailing rate of interest for loans of the same type and tenor in France on the date the Phase One Purchase Price is paid and the rate payable by the Company from time to time on Indebtedness outstanding under the long-term facility included in the Credit Facility.