Existing Line of Credit definition

Existing Line of Credit means the Second Amended and Restated Credit Agreement dated as of February 19, 2004, executed by Borrower, Bank One, NA, as administrative agent, Bank of America, N.A., as syndication agent, the Co-Documentation Agents defined therein, and the Lenders defined therein, as such Second Amended and Restated Credit Agreement has been or may be modified, amended, renewed, extended, or restated from time to time.

Existing Line of Credit means that certain Credit Application & Agreement for Credit Sales by and between Sunergy Solar LLC, as applicant, and Consolidated Electrical Distributors, Inc., as seller.

Existing Line of Credit means the Standard Libor Grid Note, dated as of May 4, 2007, by and among the Company and Manufacturers and Traders Trust Company with a maximum principal amount of up to $13,000,000.

Examples of Existing Line of Credit in a sentence

• Borrower has requested that Bank provide the credit accommodations described below, the proceeds of which shall repay in full Borrower’s outstanding revolving advances under and in respect of the Existing Credit Agreement and the Existing Line of Credit, if any, and for such other purposes as described below, and Bank has agreed to provide such credit to Borrower on the terms and conditions contained herein.

• Without duplication, the Restated Note shall not constitute a novation and shall in no way extinguish the Borrower’s unconditional obligation to repay all indebtedness, including accrued and unpaid interest, evidenced by the Existing Line of Credit Note.

• Upon receipt by the Bank of the Restated Note, the Existing Line of Credit Note shall be canceled; the Line of Credit and all accrued and unpaid interest on the existing Line of Credit Note shall thereafter be evidenced by the Restated Note; and all references to the “Note” evidencing the Line of Credit in any documents relating thereto shall thereafter be deemed to refer to the Restated Note.

• Borrower and Bank desire to completely supercede, amend and restate the Existing Credit Agreement and replace the Existing Line of Credit Note pursuant to the terms and conditions contained herein including to, among other things, extend a revolving loan.

• The indebtedness, if any, outstanding under the Existing Line of Credit Note shall not be repaid or discharged, but shall be deemed outstanding under the Line of Credit on and as of the Closing Date and shall be evidenced by the Line of Credit Note.

More Definitions of Existing Line of Credit

Existing Line of Credit has the meaning assigned to it in Subsection 6.2.1;

Existing Line of Credit means (a) the Credit Agreement dated as of May 23, 2000, executed by Borrower, Bank One, N.A., as administrative agent, Bank of America, N.A., as syndication agent, Dresdner Bank AG, New York Branch and Grand Cayman Branch, as Documentation Agent, and the Lenders defined therein, as such Credit Agreement has been or may be modified, amended, renewed, extended, or restated from time to time, and (b) a revolving credit facility that replaces the facility described in clause (a).

Existing Line of Credit means that certain Credit Agreement dated July 3, 2002 between the Partnership, the REIT and Bank One, N.A. and other Lenders that are signatories thereto, as amended by that certain First Amendment dated September 30, 2002 as the same may be amended from time to time, a copy of which is attached hereto as Schedule I.

Existing Line of Credit means that certain Line of Credit Agreement, dated as of December 29, 2017, in the original principal amount of Three Hundred Thousand Seventy Dollars ($370,000), by and between Issuer and A. Mxxxxxx Xxxxxxxxx, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

Existing Line of Credit. Fixed Charges," "Funds from Operations," "Indebtedness," "Liabilities," "Permitted Distributions," "Permitted Recourse Debt," "Permitted Redemptions," "Recourse Debt," and "Total Assets" in their entirety and replace such definitions with the following:

Existing Line of Credit means (a) that certain Credit Agreement dated May 23, 2000, executed by Borrower, Bank One, NA, as Administrative Agent, Bank of America, N.A., as Syndication Agent, Dresdner Bank AG, New York Branch and Grand Cayman Branch, as Documentation Agent, and the Lenders defined therein, as such Credit Agreement has been or may be modified, amended, renewed, extended, or restated from time to time, and (b) a revolving credit facility that replaces the facility described in clause (a) so long as Lenders hereunder constituting at least the Required Lenders are also lenders under such replacement revolving credit facility.

Existing Line of Credit means that certain Loan Agreement entered into between Issuer and Wachovia Bank, National Association, dated October 2, 2006.