Committed Equipment Line definition

Committed Equipment Line is a Credit Extension of up to Five Million Dollars ($5,000,000).
Committed Equipment Line means a credit extension of up to Three Million Dollars ($3,000,000.00). and substituting therefor the following:
Committed Equipment Line means a credit extension of up to One Million Dollars ($1,000,000).

Examples of Committed Equipment Line in a sentence

  • The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of One Million Dollars ($1,000,000).

  • The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000) and a Committed Revolving Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000), provided that the sum of all advances under the Committed Equipment Line and the Committed Revolving Line shall not exceed $5,000,000 at any time.

  • If, at any time, Borrower fails to maintain a minimum aggregate amount of $25,000,000 of unrestricted funds on deposit for 10 consecutive Business Days with SVB Asset Management and/or SVB Securities, Borrower shall pay an additional $25,000 fee for the Committed Revolving Line and an additional $5,111.50 fee for the Committed Equipment Line.

  • Hereinafter, the above-described security documents, together with all other documents securing repayment of the Committed Revolving Line and Committed Equipment Line shall be referred to as the "Security Documents".

  • The Credit Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Four Million and 00/100 Dollars ($4,000,000.00), as evidenced by an Amended and Restated Promissory Note, dated June 18, 1996 (the "Working Capital Line of Credit Note"), and a Committed Equipment Line in the original principal amount of Two Million and 00/100 Dollars ($2,000,000.00), as evidenced by a Promissory Note, dated June 18, 1996 (the "Equipment Line of Credit Note").


More Definitions of Committed Equipment Line

Committed Equipment Line means a credit extension of up to Two Million Dollars ($2,000,000).
Committed Equipment Line is a Credit Extension of up to $1,500,000.00.
Committed Equipment Line is a Credit Extension of up to $1,500,000.
Committed Equipment Line means a Credit Extension of up to Two Hundred Fifty Thousand and No/100 Dollars ($250,000) for the purchase of equipment.
Committed Equipment Line means a credit extension of up to Three Million Dollars ($3,000,000.00) for Equipment Line Xx. 0, xxx Xxxxxxxxx Xxxx Xx. 0, plus Two Million Dollars ($2,000,000.00) for Equipment Line No. 3, plus Four Million Dollars ($4,000,000.00) for Equipment Line No. 4."
Committed Equipment Line is a Credit Extension of up to $5,000,000. "COMMITTED REVOLVING LINE" is an Advance of up to $10,000,000.
Committed Equipment Line is a Credit Extension of up to $3,000,000.