US Loan Account definition

US Loan Account has the meaning specified therefor in Section 2.9 of the Agreement.
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US Loan Account as defined in Section 2.8.
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US Loan Account has the meaning ascribed thereto in Section 1.12.
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Examples of US Loan Account in a sentence

  • In accordance with Section 2.6, the U.S. Loan Account will be credited with all payments received by the Administrative Agent from the U.S. Borrowers or for the U.S. Borrowers’ account.

  • Each US Borrower expects to derive benefit, directly or indirectly, from the handling of the US Loan Account and the Collateral in a combined fashion since the successful operation of each US Borrower is dependent on the continued successful performance of the integrated group.

  • It is understood that the handling of the US Loan Account and Collateral in a combined fashion, as more fully set forth herein, is done solely as an accommodation to US Borrowers in order to utilize the collective borrowing powers of US Borrowers in the most efficient and economical manner and at their request, and that Lender Group shall not incur liability to any US Borrower as a result hereof.

  • In accordance with Section 2.7, the US Loan Account will be credited with all payments received by Agent from US Borrowers or for any US Borrower’s account.

  • All proposals shall be delivered to: 900 Worcester St Committee c/o Engineering Division Department of Public Works 20 Municipal WayWellesley, MA 02482 Town of Wellesley Request for ProposalAll proposals must be submitted by NOON on November 20, 2015 (the “Proposal Due Date”) when they become the property of the Town and are subject to applicable Public Record Laws.

  • Borrower may request of the Agent in writing from time to time that the U.S. Banks make U.S. Loans to the U.S. Borrower at a time, or the Agent may permit U.S. Loans, when the debit balance in the U.S. Loan Account plus the aggregate face amount of U.S. Letters of Credit outstanding exceeds the U.S. Borrowing Base or which U.S. Loans will cause the debit balance in the U.S. Loan Account plus the aggregate face amount of U.S. Letters of Credit outstanding to exceed the U.S. Borrowing Base.

  • Agent shall render monthly statements regarding the US Loan Account to Borrowers, including principal, interest, fees, and including an itemization of all charges and expenses constituting Lender Group Expenses owing, and such statements, absent manifest error, shall be conclusively presumed to be correct and accurate and constitute an account stated between Borrowers and the Lender Group.

  • The debit balance of the U.S. Loan Account shall reflect the amount of the U.S. Borrower's Obligations hereunder and shall be considered prima facie evidence thereof.

  • The Agent shall enter such Overadvances, along with all applicable interest, expenses and charges relating thereto, as debits on the U.S. Loan Account.

  • Amounts drawn under the Letters of Credit shall become immediately due and payable by the U.S. Borrower to the Agent for the benefit of the U.S. Banks, or by the Canadian Borrower to the Canadian Bank, and, if not paid in accordance with the terms of any such Letter of Credit, shall be added to the U.S. Loan Account as U.S. Loans, or to the Canadian Loan Account as Canadian Loans, as of the date funds are advanced under such Letter of Credit and shall be immediately due and payable upon the Maturity Date.


More Definitions of US Loan Account

US Loan Account shall have the meaning ascribed to it in Section 1.9(a).
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US Loan Account shall have the meaning provided in Section 4.04.
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Related to US Loan Account

  • Loan Account has the meaning set forth in Section 2.10.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Borrower’s Account shall have the meaning set forth in Section 2.8.

  • Lender’s Account means the account identified in Schedule L-1.

  • Revolver Note means any one of such Revolver Notes.

  • U.S. Loan means an extension of credit by a Lender to the U.S. Borrower under Article 2 in the form of a U.S. Committed Loan, a U.S. Bid Loan or a U.S. Swing Line Loan.

  • Custodian Account means an account subject to a Custodian Agreement.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Facility Account means the Seller’s Account No. 55-66681 at Bank One.

  • 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.

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • Credit Card Advance Rate means 90%.

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

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and 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.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • 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.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.