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LOC

   Also found in: Medical, Financial, Acronyms, Wikipedia 0.03 sec.
LOC - lines of code


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The LOC is sized to cover a maximum stated amount of $200 million in principal amount of CP Notes, plus 90 days of interest calculated at 10%, based on a year of 365 days.
The initial stated amount of the LOC is $108,877 representing the principal amount, plus interest to accrue on the notes until their maturity.
The LOC is sized to cover up to $55,000,000 in principal plus 270 days of interest, calculated at the maximum rate of 12% based on a year of 360 days.
 
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