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 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").

  • 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.

  • The Equipment Line of Credit shall be evidenced by the following promissory notes: (i) promissory note executed by the Borrower in favor of the Bank in the principal amount of $3,500,000.00 (as amended, extended or renewed from time to time, the "Sub-Line Note"); and (ii) such other fully amortizing notes (as amended, extended or renewed from time to time, the "Term Notes") as the balance of the Sub-Line Note may be rolled into from time to time in accordance with the terms hereof.

  • 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.

  • All actions, proceedings, instruments and documents required or requested hereunder shall be satisfactory to and approved by Standard Federal and/or its counsel prior to the disbursement of advances under the Line of Credit or the Equipment Line of Credit or closing of the Term Loan.

  • Such Equipment Line of Credit Note and all Term Notes executed pursuant thereto, together are referred to as the 'Notes', as such Notes may be modified, extended and/or amended from time to time.

  • The Company has a $10.0 million Revolving Line of Credit and a $4.0 million Non-Revolving Equipment Line of Credit.

  • The Equipment Line of Credit is to be used by Borrower exclusively for the purchase of equipment related to Borrower's business (each an "Equipment Advance").

  • All Equipment Line ------------------------------------- of Credit Loans shall be repayable in installments in accordance with the terms of the Equipment Line Note, provided that all Equipment Line of Credit Loans shall mature and the total principal amount thereunder shall be payable on August 1, 1999 (the "Equipment Line Maturity Date"), at which time all amounts ---------------------------- advanced under this Section 2 shall be immediately due and payable.


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 is an Equipment Advance or Equipment Advances in an aggregate amount of up to One Million Dollars ($1,000,000).

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

  • Credit Line as defined in Section 2.1.

  • 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 this Borrower Loan Agreement.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • 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 lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • 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 Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

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

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • 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.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.