Common use of Line of Credit Loan Clause in Contracts

Line of Credit Loan. The Bank hereby extends to the Borrower a revolving line of credit loan (the “Line of Credit Loan”) in the principal amount not to exceed $6,000,000.00 to be evidenced by a Promissory Note (Line of Credit) of even date herewith (“Maximum Amount”), and all renewals, amendments, extensions and restatements thereof, executed by Borrower (the “Line of Credit Note”).

Appears in 4 contracts

Samples: Business Loan Agreement, Business Loan Agreement (LINC Logistics Co), Business Loan Agreement (LINC Logistics Co)

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