Committed Equipment Line definition

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." and substituting therefor the following"
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Committed Equipment Line is a Credit Extension of up to $3,000,000.
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Committed Equipment Line is a Credit Extension of up to $1,500,000.
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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.

  • 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".

  • Repayment of the Committed Revolving Line and Committed Equipment Line is secured by the Collateral as described in the Loan Agreement.

  • The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Two Million Dollars ($2,000,000) and a Committed Equipment Line in the original principal amount of One Hundred Thousand Dollars ($100,000).


More Definitions of Committed Equipment Line

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.
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Committed Equipment Line means a credit extension of up to One Million Dollars ($1,000,000).
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Committed Equipment Line means a credit extension of up to Two Million Dollars ($2,000,000).
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Committed Equipment Line is a Credit Extension of up to $1,500,000.00.
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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.
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Committed Equipment Line is a Credit Extension of up to Five Million Dollars ($5,000,000).
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Committed Equipment Line means credit extensions of up to Five Hundred Thousand Dollars ($500,000) hereunder.
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