Equipment Line of Credit Note definition

Equipment Line of Credit Note means the Promissory Note (Line of Credit Converting to Term Loan)(Equipment Line of Credit) of even date herewith and all renewals and amendments thereof, evidencing the Equipment Line of Credit.
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Equipment Line of Credit Note shall have the meaning assigned to such term in Section 8.01.
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Equipment Line of Credit Note. The Equipment Line of Credit Note described in ------------------------------ Subsection 4(g) hereof, as may be amended, restated, substituted for and/or extended from time to time. "Equipment Loan": The loan described in Section 4 hereof. --------------- "Equipment Loan Advances: As described in Subsection 4(a) hereof. ------------------------- "Equipment Loan Advance Limit: As described in Subsection 4(a) hereof ------------------------------- "Equipment Term Notes": The Term Notes described in Subsection 4(g) hereof, as ---------------------- may be amended, restated, substituted for and/or extended from time to time. "Eurodollar Business Day": Any Business Day on which commercial Banks are open ------------------------ for international business including dealings in dollar deposits in London, England.
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Examples of Equipment Line of Credit Note in a sentence

  • 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.

  • 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.

  • 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.

  • There shall be no more than one (1) Eurodollar Loan outstanding with respect to the Equipment Line of Credit Note and with respect to each Equipment Term Note at any one time and the minimum amount of any Eurodollar Loan shall be at least $250,000.

  • The Equipment Loans shall be evidenced by a secured promissory note (the "Equipment Line of Credit Note"), executed by Borrower in substantially the form annexed hereto as Exhibit 2.4(b)(i).

  • If the Borrowers shall fail to perform any of its obligations and covenants under Section 9 of this Loan Agreement, or shall fail to comply with any of the other provisions of this Loan Agreement, other than under Section 10 hereof, or the Line of Credit Note, the Swing Line of Credit Note, the Term Note, the Equipment Line of Credit Note, or any other agreement with Standard Federal to which it may be a party, other than the payment of principal and interest.

  • If any indebtedness of the Borrower to Standard Federal on the Line of Credit, the Term Loan and the Equipment Line of Credit is not paid when due, regardless of whether such indebtedness has arisen pursuant to the terms of the Line of Credit Note, the Term Note, the Equipment Line of Credit Note, this Agreement or any mortgage, security agreement, guaranty, instrument or other agreement executed in conjunction herewith.


More Definitions of Equipment Line of Credit Note

Equipment Line of Credit Note. The Equipment Line of Credit Note described in Subsection 2.2(g) and any promissory notes in renewal thereof or substitution or replacement therefor.
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Equipment Line of Credit Note means the promissory note referred to in Section 2.4(b) hereof.
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Related to Equipment Line of Credit Note

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

  • 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.

  • Credit Note means a document issued by a registered person under sub-section (1) of section 34;

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

  • 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).

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

  • 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.

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit D-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • 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.

  • Credit Line as defined in Section 2.1.

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

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Equipment Advance is defined in Section 2.1.1.

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

  • Loan Note means each Loan Note of the Borrower in the form of Exhibit C attached hereto, payable to the order of a Funding Agent for the benefit of the Lenders in such Funding Agent’s Lender Group, in the aggregate face amount of up to such Lender Group’s portion of the Maximum Facility Amount, evidencing the aggregate indebtedness of the Borrower to the Lenders in such Funding Agent’s Lender Group.

  • Term Loan has the meaning specified in Section 2.01(b).

  • 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.

  • 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.

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Project Loan Agreement means the Project Loan Agreement dated as of the date hereof among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented or restated from time to time.

  • Revolving Note means a promissory note of the Borrower payable to a Lender in substantially the form of Exhibit 11.1(d) hereto, evidencing Indebtedness of the Borrower under the Revolving Loan Commitment of such Lender.