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").