Equipment Line of Credit definition

Equipment Line of Credit means the Amended and Restated Loan and Security Agreement, dated as of February 9, 2005, between the Company and Silicon Valley Bank.
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Equipment Line of Credit means the revolving line of credit converting to a term loan made available by Standard Federal to the Borrowers on the terms and conditions contained in this Loan Agreement.
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Equipment Line of Credit means the equipment line of credit described in Section 3B hereof and all extensions, renewals, amendments, refinancings, modifications, consolidations and conversions thereof or thereto.
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Examples of Equipment Line of Credit in a sentence

  • No Event of Default has occurred, and no Default shall have occurred, the Maximum Availability under the Line of Credit and the Equipment Maximum Availability under the Equipment Line of Credit, as applicable, shall not be exceeded at the time of the advance request or the making of the advance.

  • The Equipment Line of Credit shall be payable and shall bear interest as set forth in the Equipment Line of Credit Note.

  • 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").

  • This Loan Agreement and the Equipment Line of Credit Note are of equal materiality and shall each be construed in such manner as to give full force and effect to all provisions of both documents.

  • All advances under the Equipment Line of Credit Note are being made upon the terms contained in this Agreement, the Notes and any other Security Instruments (as defined herein), the terms of which are incorporated herein.

  • Borrower and Bank are parties to a Credit Agreement dated July 7, 1995, as amended as of April 15, 1996, August 12, 1996 and November 15, 1996 (the "1995 Loan Agreement") pursuant to which Borrower issued to Bank its Promissory Note (Equipment Line of Credit Loans) dated as of April 15, 1996 in the initial principal amount of $750,000.

  • Prime Rate Borrowings under the Equipment Line of Credit shall bear interest at the Prime-Based Rate.

  • We also have a $500,000 Operating Line of Credit through Bank of the West and a $500,000 Capital Equipment Line of Credit through Wells Fargo.

  • Initially, the principal amount of the --------------------------------- Equipment Loan Advances to be made by the Bank shall all be evidenced by a single promissory note of the Borrower (the "Equipment Line of Credit Note"), substantially in the form attached to the Fifth Amendment as Exhibit A, in the --------- principal face amount equal to the Equipment Loan Advance Limit.

  • Term LIBOR Borrowings under the Equipment Line of Credit shall bear interest at the Term LIBOR Rate.


More Definitions of Equipment Line of Credit

Equipment Line of Credit means the credit facility extended to the Borrower by the Bank pursuant to Section 2 of this Agreement.
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Related to Equipment Line of Credit

  • Equity Line of Credit shall have the meaning ascribed to such term in Section 4.13.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Equipment Line means a Credit Extension of up to Five Million Dollars ($5,000,000).

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Credit Line as defined in Section 2.1.

  • Committed Equipment Line is a Credit Extension of up to Five Million Dollars ($5,000,000).

  • Equipment Advance is defined in Section 2.1.1.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • Total loan amount means the principal of the loan minus those

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Letter of Credit Accommodations means, collectively, the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of any Borrower or Obligor or (b) with respect to which Agent or Lenders have agreed to indemnify the issuer or guaranteed to the issuer the performance by any Borrower or Obligor of its obligations to such issuer; sometimes being referred to herein individually as "Letter of Credit Accommodation".

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.