Credit Line Amount definition

Credit Line Amount or "Borrowing Base Amount" means, at the time in question, an amount equal to the sum of all Eligible Value for the Eligible Inventory and the Eligible Receivables, less 20% of all merchant authorized accounts as defined in the Power Plan by Deere Terms and Conditions and less outstanding construction unit code and agricultural branch statements credit and wholesale leases.
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Credit Line Amount has the meaning set forth in Section 2.2 of this Agreement.
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Credit Line Amount. The sum of the principal amounts of the liabilities incurred and not yet repaid as a result of Party A’s application to use the Comprehensive Credit Line under this Contract; particularly referring to the sum of the amounts of bills of exchange issued and not yet paid by Party B under bank acceptance of bills of exchange pursuant to this Contract; and referring to the sum of the amounts of letters of credit issued and not yet paid by Party B under issuance of letters of credit pursuant to this Contract; and referring to the sum of the amounts of letters of guarantee issued and not yet paid by Party B under issuance of letters of guarantee pursuant to this Contract.
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Examples of Credit Line Amount in a sentence

  • The aggregate Credit Line Amount the Lenders committed to extend shall be at least the Minimum CLA.

  • The Company shall not have any liability with respect to any such representation and warranty unless a claim is made in writing and received by the Company prior to the Expiration Date and provided that prior to the submission of the written notice to the Company either the Credit Line Amount has been placed in an IPO or the Loan Amount has converted or been placed in a PO in accordance with the terms of this Agreement.

  • It is clarified that the Company and the underwriters shall be entitled to place such amount of the Credit Line Amount in the IPO as they shall determine, at their sole discretion, and shall have no obligation to place any or all of the Credit Line Amount in the IPO.

  • Upon receipt of such notice from the Company, the Escrow Agent shall release the Loan Amount and transfer it to the account indicated by the Company in its written notification and any portion of the Credit Line Amount not called by the Company shall be released to the Lenders, all in accordance with the Escrow Agreement.

  • The Interest shall accrue on the Loan Amount from the date of the deposit of the called Credit Line Amount in the Escrow Account until the date of conversion or repayment of the Loan Amount, as set forth herein.

  • The aggregate amount to be extended by the Additional Lenders (the "Additional Credit Line Amount") shall, together with the Credit Line Amount that was deposited in the Escrow Account at the Closing, not exceed the maximum Credit Line Amount.

  • Any amounts so placed will be placed pro rata among the Lenders based on their actual contribution to the Credit Line Amount as a proportion of the Credit Line Amount.

  • Any amounts so called will be called pro rata among the Lenders based on their actual contribution to the Credit Line Amount as a proportion of the Credit Line Amount.

  • Comprehensive Credit Line Amount: the maximum outstanding balance of the credit line that Party A extends to Party B under this agreement.

  • Provided, that the proportion the total outstanding balance of indebtedness bears to the Credit Line Amount shall never be greater than the proportion the total outstanding balance of indebtedness bore to the Credit Line Amount on the Termination Date.


More Definitions of Credit Line Amount

Credit Line Amount means Thirty Five Million Dollars ($35,000,000) or such greater amount (not to exceed the Maximum Amount) as provided in Section 2.13 of this Agreement.
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