Credit Line definition

Credit Line as defined in Section 2.1.

Credit Line. With respect to a Revolving Credit Loan, the maximum principal amount which may be advanced to a Mortgagor under the terms of the related Mortgage Note.]

Credit Line means a discretionary and uncommitted line of credit that the BANK establishes for the BORROWER pursuant to SECTION 2.01 hereof up to the amount referred to therein but which may be terminated in whole or reduced in part pursuant to SECTION 2.02 hereof. This CREDIT LINE shall not be construed as the commitment of the BANK to make any LOAN or extension of credit.

Examples of Credit Line in a sentence

• If the annual Commission Fee is envisaged, it will be calculated based on the rule stipulated for the Interest calculation, while in other cases - on other rule provided for by the General Credit Line Agreement and/or the Bank Guarantee, Letter of Credit and/or Stand-by Letter of Credit Agreement.

• Conclusion/signing of the General Credit Line Agreement does not imply granting by the Bank to the Customer of the right to use any of the Documentary Transactions under the Agreement.

• Furthermore, Interest shall be charged to the amount payable to the Bank by the Customer under and in accordance with the conditions of the General Credit Line Agreement and/or the Bank Guarantee Agreement, in the amount established by the General Credit Line Agreement and/or the Bank Guarantee Agreement.

• By giving you written notice, we may change your interest rate from time to time, or with good cause, may change your Credit Line or revoke your card and terminate this agreement.

• The Customer shall ensure adherence to the purpose of the Credit Line established by the Agreement (if any).

More Definitions of Credit Line

Credit Line means a line of credit, established by us and communicated from time to time to you in writing or by such electronic means as may be designated by us to you, granting approval for sales by you, or rendition of services by you to a Customer, billed at a specified location or locations, up to a specified aggregate available amount.

Credit Line means the maximum debit balance permitted on your Account, as advised by us.

Credit Line means the revolving line of credit established by this Agreement and governed by it and the other Facilities Papers.

Credit Line means the limit imposed by the Bank against the Cardmember for the use of the Card;

Credit Line has the meaning given to it in Recital A.

Credit Line means the credit facility afforded to the Service Partner on the terms set out in Clause 5.4;

Credit Line means the credit limit for your Account and is FIFTY THOUSAND DOLLARS AND NO CENTS ($50,000.00).