Equipment Line definition

Equipment Line is an Equipment Advance or Equipment Advances in an aggregate amount of up to One Million Dollars ($1,000,000).
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Equipment Line means a Credit Extension of up to Five Million Dollars ($5,000,000).
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Equipment Line means a credit extension of up to Three Million Dollars ($3,000,000).
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Examples of Equipment Line in a sentence

  • Subject to the terms and conditions of this Agreement, during the Draw Period, Bank shall make advances (each, an “Equipment Advance” and, collectively, “Equipment Advances”) not exceeding the Equipment Line.

  • The aggregate outstanding amount of Equipment Advances shall not exceed the Equipment Line.

  • Unless otherwise agreed to by Bank, not more than 25% of the proceeds of the Equipment Line shall be used to finance Other Equipment.

  • Unless otherwise agreed to by Bank, not more than twenty-five percent (25%) of the proceeds of the Equipment Line shall be used to finance Other Equipment.

  • Bank shall, at its option, charge such interest, all Bank Expenses, and all Periodic Payments against any of Borrower’s deposit accounts or against the Equipment Line, in which case those amounts shall thereafter accrue interest at the rate then applicable hereunder.


More Definitions of Equipment Line

Equipment Line is an Equipment Advance or Equipment Advances in an aggregate amount of up to Five Million Dollars ($5,000,000).
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Equipment Line means a credit extension of up to One Million Dollars ($1,000,000).
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Equipment Line is an Equipment Advance in an aggregate amount of up to Two Million Dollars ($2,000,000).
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Equipment Line means a credit extension of up to Two Million Dollars ($2,000,000).
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Equipment Line is an Equipment Advance or Equipment Advances in an aggregate amount of up to Three Million Dollars ($3,000,000).
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Equipment Line is an Equipment Advance or Equipment Advances in an aggregate amount of up to Ten Million Dollars ($10,000,000) outstanding at any time. “Equipment Line Maturity Date” is, for each Equipment Advance, the date which is thirty six (36) calendar months from the date of the Equipment Advance.
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Equipment Line means a Credit Extension of up to Seven Hundred Fifty Thousand Dollars ($750,000).
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