Credit Line definition

Credit Line as defined in Section 2.1.

Credit Line. With respect to a Revolving Credit Loan, the maximum principal amount which may be advanced to a Mortgagor under the terms of the related Mortgage Note.]

Credit Line means a line of credit, established by us and communicated from time to time to you in writing or by such electronic means as may be designated by us to you, granting approval for sales by you, or rendition of services by you to a Customer, billed at a specified location or locations, up to a specified aggregate available amount.

Examples of Credit Line in a sentence

• The Client may at any time substitute and/or add to the Guarantees, as long as the Credit Balance does not reach the Credit Margin, understanding the proportion available at all times in the balance of the Credit Line and the daily value of the investments the Client maintains invested in the Bank for the Execution of Guarantees.

• The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from the Loan Account, to be used as Subsidiary Loan Proceeds under the Credit Line, for the purposes of Section 8.01(m) of the Loan Regulations: any MFI shall have failed to perform its obligations under a Subsidiary Loan Agreement to which it is a party or under the related Project Agreement.

• Likewise, the Client states it will maintain invested the resources aforementioned in investment products of the Bank, at all times, and during the Term of validity of RECA: 0000-000-000000/00-00000-0000 the Credit Line, provided the Credit Balance is lower than the Collateral Credit Margin for the Execution of the Guarantees stated in this Contract.

• I promise to reimburse you for the amount of any debit or Card Withdrawal that you honor which cannot be paid out of the Account, through a Revolving Credit Line advance, or overdraft transfer, as provided for in the Account Disclosures.

• The parties convene the amount of the Guarantees constituted freely in this act by the Client, will, at all times, be for an amount higher than the amount of the Credit Line granted.

More Definitions of Credit Line

Credit Line means the revolving line of credit established by this Agreement and governed by it and the other Facilities Papers.

Credit Line means the maximum debit balance permitted on your Account, as advised by us.

Credit Line means a discretionary and uncommitted line of credit that the BANK establishes for the BORROWER pursuant to SECTION 2.01 hereof up to the amount referred to therein but which may be terminated in whole or reduced in part pursuant to SECTION 2.02 hereof. This CREDIT LINE shall not be construed as the commitment of the BANK to make any LOAN or extension of credit.

Credit Line means the limit imposed by the Bank against the Cardmember for the use of the Card;

Credit Line has the meaning given to it in Recital A.

Credit Line. We will assign you a credit line when we approve your account. We may increase or decrease your credit line at any time and for any reason. We will give you notice of any decrease. You may request that we increase or decrease your credit line, but no new limit will be effective for your account unless we approve it. You promise not to allow your unpaid balance to exceed your credit line. If you request an advance that would cause the balance of your account to exceed your credit line, we have no obligation to make it, but we may do so if we choose. If we do so, you agree to pay us the excess immediately, without demand from us.

Credit Line means a discretionary and uncommitted line of credit which the BANK establishes for the BORROWER pursuant to SECTION 2.01 hereof up to the amount referred to therein but which may be terminated in whole or reduced in part pursuant to SECTION 2.02 hereof. This CREDIT LINE shall not be construed as the commitment of the BANK to make any LOAN or extension of credit.