Line of Credit definition

Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.
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Line of Credit means the credit facility described as such in Section 2.
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Line of Credit means a type of Loan product that typically incorporates features that give the relevant Borrower options to, among other things, make further drawings on the Loan account;
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Examples of Line of Credit in a sentence

  • One hundred twenty second.- The parties expressly agree, in accordance to provisions in Article 294 of the General Law of Credit Instruments and Transactions, the Bank may at any time limit the authorized amount of the Overdraft Line of Credit or its Availability Period, or both, or report the Overdraft Line of Credit, at any time.

  • At the present time, you may use Mobile Banking to: - Transfer funds from your savings, checking, money market, and Line of Credit Loan accounts.

  • Overdraft Protection from Your Line of Credit This plan links an eligible Community Bank line of credit to your checking account for overdraft protection.

  • In any case, the Bank has the power to grant to the Client the Overdraft Line of Credit in accordance to its policies and internal guidelines.

  • One hundred nineteenth.- During the validity of the Overdraft Line of Credit, the Client may dispose the resources paid to the Bank.


More Definitions of Line of Credit

Line of Credit has the meaning ascribed to it in Section 2.1.1. hereof.
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Line of Credit has the meaning set forth in Section 1.1(a).
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Line of Credit as defined in Section 2.1.
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Line of Credit is defined in the Recitals.
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Line of Credit has the meaning ascribed thereto in Section 2.1(a) hereof.
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Line of Credit means the commitment of the Lenders in the aggregate amount of $90,000,000 to (a) make Revolving Loans pursuant to Sections 3 and 4 of this Agreement, and (b) assist the Companies in opening Letters of Credit pursuant to Section 5 of this Agreement (up to the Letter of Credit Sub-Line)."
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Line of Credit means the line of credit established under Section 2.1 of this Agreement.
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