CREDIT LINE FACILITY Sample Clauses

CREDIT LINE FACILITY. 8.1 The Bank shall at its sole discretion specify the Cardmember’s Credit Line with the Bank. Any reduction of the Credit Line will be notified by the Bank to the Cardmember.
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CREDIT LINE FACILITY. 8.1 The Bank shall at its sole discretion specify the Cardmember’s credit line with the Bank.
Sample 1
CREDIT LINE FACILITY. If Borrower desires to enter into a Credit Line, not less than thirty (30) days prior to the closing of such Credit Line, Borrower shall deliver or cause to be delivered to Lender for its review, copies of all instruments and documents to be entered into in connection therewith, the terms of which shall be acceptable to Lender in its reasonable discretion. Any such Credit Line shall be subject and subordinate in all respects to the Loan, except that provided no Default or Event of Default shall have occurred and be continuing, Borrower shall be permitted to pledge a portion of the FF&E (other than any Gaming Equipment) to the extent required to secure the Credit Line and Lender shall, at Borrower’s sole cost and expense, release its lien on such portion of the FF&E for so long as the Credit Line (or any replacement Credit Line) remains outstanding; it being understood and agreed that following the repayment or termination of such Credit Line, Lender shall have a first priority lien and security interest in and to the FF&E and Borrower shall, at its sole cost and expense, execute and deliver such security agreements, mortgages, financing statements and modifications to the Loan Documents as Lender may reasonably request to grant and confirm such liens and security interests of Lender. The holder of any such Credit Line and Lender shall execute and deliver such subordination and intercreditor agreements as Lender or the holder of any such Credit Line may reasonably request from time to time. In no event shall any such Credit Line be secured by any Gaming Equipment or any of the Property or other Collateral except for the FF&E (other than the Gaming Equipment). The Borrower shall not modify or amend the Credit Line or any of the instruments or documents evidencing the Credit Line without Lender’s prior consent, which consent shall not be unreasonably withheld. Borrower shall pay all costs and expenses of Lender, including reasonable attorneys fees and disbursements, in connection with any such Credit Line. Borrower shall deliver to Lender, within one (1) Business Day after receipt, copies of any notice of any default under the Credit Line.
Sample 1
CREDIT LINE FACILITY. If Borrower desires to enter into a Credit Line, not less than thirty (30) days prior to the closing of such Credit Line, Borrower shall deliver or cause to be delivered to Lender for its review, copies of all instruments and documents to be entered into in connection therewith, the terms of which shall be acceptable to Lender in its reasonable discretion. Borrower shall pay all costs and expenses of Lender, including reasonable attorneys fees and disbursements, in connection with any such Credit Line.
Sample 1

Related to CREDIT LINE FACILITY

  • Swing Line Facility Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, may in its sole discretion make loans (each such loan, a “Swing Line Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving Commitment; provided, however, that (i) after giving effect to any Swing Line Loan, (A) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments and (B) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment, (ii) the Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan and (iii) the Swing Line Lender shall not be under any obligation to make any Swing Line Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Swing Line Loan.

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • CREDIT LIMIT 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

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