Examples of WC Loans in a sentence
WC Loans may be Base Rate Loans, Cost of Funds Rate Loans or Eurocurrency Rate Loans, as further provided herein.
In addition, the Borrowers shall deliver to the Administrative Agent, within two (2) Business Days after the issuance of any Product Under Contract LC, a Borrowing Base Report evidencing that the aggregate amount of all outstanding WC Loans plus the issued and outstanding amount of all Letters of Credit (including all Product Under Contract LCs) does not exceed the Borrowing Base (or, in the case of any excess, the Borrowers shall be required to immediately repay any such excess).
Each such notice shall specify the date and amount of such prepayment, whether such prepayment is a prepayment of the WC Loans, the Revolver Loans or some combination thereof and the Type(s) of Committed Loans to be prepaid and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Committed Loans.
In addition, the Borrowers shall deliver to the Administrative Agent, within two (2) Business Days after the issuance of any Product Under Contract LC, a Borrowing Base Report evidencing that the aggregate amount of all outstanding WC Loans, WC Interim Loans plus the issued and outstanding amount of all Letters of Credit (including all Product Under Contract LCs) does not exceed the Borrowing Base (or, in the case of any excess, the Borrowers shall be required to immediately repay any such excess).
WC Loans may be Base Rate Loans, Daily SOFR Loans or Term Rate Loans, as further provided herein.
The details of the same are as under:(Rs in Lacs)Particulars31stMarch 201030th September2010Bank Guarantee(For EPCG and performance)118.33113.61Corporate Guarantee (For WC Loans to subsidiary co.from Bank)2500.004500.00Total2618.334613.61 If any or all of the contingent liabilities crystallize, our financial position will stand adversely affected to the extent of such crystallisation.
Where this does not exist the Credit Union uses its judgment to group loans receivable with similar credit risk characteristics to allow a collective assessment of the group to determine any impairment loss.
Subject to the terms of this Agreement, W/C Loans may be repaid or prepaid and reborrowed.
Each Purchaser shall have received evidence reasonably satisfactory to it that amounts outstanding under any Credit Agreement shall not exceed $520,000,000 plus the aggregate amount of WC Loans (as defined in the Credit Agreement) outstanding at the close of business on the day prior to the Closing Date.
Within the foregoing limit, subject to the terms and conditions of this Agreement, the Borrower may obtain WC Loans, repay WC Loans in whole or in part and obtain WC Loans again on one or more occasions.