CREDIT OUTSTANDING definition

CREDIT OUTSTANDING means any loan, extension of credit, issuance of a guarantee, acceptance, or letter of credit, including an endorsement or standby letter of credit, or other transaction that extends financing to a person or group of persons.
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CREDIT OUTSTANDING means, at any time, the sum of (i) the aggregate Letter of Credit Exposure at such time, plus (ii) the aggregate outstanding principal balance of all Loans at such time.
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CREDIT OUTSTANDING means, at any time, without duplication, the aggregate unpaid principal amount of the Loans.
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Examples of CREDIT OUTSTANDING in a sentence

  • I agree to pay this Note as follows: ON DEMAND, BUT IF NO DEMAND IS MADE THEN MONTHLY PAYMENTS OF ACCRUED INTEREST CALCULATED ON THE AMOUNT OF CREDIT OUTSTANDING BEGINNING ON 03-27-2008 AND MONTHLY PRINCIPAL PAYMENTS OF $80,000.00 BEGINNING 03-27-2006.

  • PAYMENTS: I agree to pay this note as follows: ON DEMAND, BUT IF NO DEMAND IS MADE THEN MONTHLY PAYMENTS OF ACCRUED INTEREST CALCULATED ON THE AMOUNT OF CREDIT OUTSTANDING BEGINNING ON 04-01-2002 AND PRINCIPAL DUE ON 08-01-2003.

  • IF BANK OF AMERICA RESIGNS AS L/C ISSUER, IT SHALL RETAIN ALL THE RIGHTS, POWERS, PRIVILEGES AND DUTIES OF THE L/C ISSUER HEREUNDER WITH RESPECT TO ALL LETTERS OF CREDIT OUTSTANDING AS OF THE EFFECTIVE DATE OF ITS RESIGNATION AS L/C ISSUER AND ALL L/C OBLIGATIONS WITH RESPECT THERETO (INCLUDING THE RIGHT TO REQUIRE THE LENDERS TO MAKE BASE RATE LOANS OR FUND RISK PARTICIPATIONS IN UNREIMBURSED AMOUNTS PURSUANT TO SECTION 2.03(C)).

  • If a payment Is made more than 15 days after it is due, I agree to pay a late charge of 5.000% OF THE LATE AMOUNT WITH A MIN OF $50.00 AND A MAX OF $500.00 ADDITIONAL CHARGES: In addition to interest, I agree to pay the following charges which  are x are not included in the principal amount above: LOAN CLOSING FEES PAYMENTS: I agree to pay this note as follows: MONTHLY PAYMENTS OF ACCRUED INTEREST CALCULATED ON THE AMOUNT OF CREDIT OUTSTANDING BEGINNING ON 04-01-2007.

  • PAYMENTS: I agree to pay this note as follows: ON DEMAND, BUT IF NO DEMAND IS MADE THEN MONTHLY PAYMENTS OF ACCRUED INTEREST CALCULATED ON THE AMOUNT OF CREDIT OUTSTANDING BEGINNING ON 01-02-2005 AND PRINCIPAL DUE ON 03-02-2005.

  • THE OUTSTANDING PRINCIPAL BALANCE OF THE REVOLVING NOTE PLUS THE FACE AMOUNT OF ALL LETTERS OF CREDIT OUTSTANDING SHALL NOT EXCEED THE BORROWING BASE AS OF THE END OF ANY FISCAL QUARTER, BEGINNING QUARTER ENDING JUNE 30, 1998.

  • In addition to interest, I agree to pay the following charges which are are not included in the principal amount above: ______________________________________________________________________________________________________________ PAYMENTS: I agree to pay this note as follows: QUARTERLY PAYMENTS OF ACCRUED INTEREST CALCULATED ON THE AMOUNT OF CREDIT OUTSTANDING BEGINNING ON 02-10-2011 AND PRINCIPAL DUE ON 11-07-2011.

  • ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT TO THIS AGREEMENT OR WITH THE PROCEEDS FROM IT.DEBTOR’S RECOVERY UNDER THIS AGREEMENT MAY NOT EXCEED THE AMOUNT OF CREDIT OUTSTANDING.

  • THE OUTSTANDING PRINCIPAL BALANCE OF THE REVOLVING NOTE PLUS THE FACE AMOUNT OF ALL LETTERS OF CREDIT OUTSTANDING SHALL NOT EXCEED THE BORROWING BASE ON MARCH 31, 1998.

  • DEBTOR’S RECOVERY UNDER THIS AGREEMENT MAY NOT EXCEED THE AMOUNT OF CREDIT OUTSTANDING.


More Definitions of CREDIT OUTSTANDING

CREDIT OUTSTANDING means, at any time, without duplication, the sum of (i) the aggregate unpaid principal amount of the Loans and (ii) the Outstanding Letters of Credit.
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