Line Block definition

Line Block means $11,000,000 or such lesser amount as the Required Banks may determine in their discretion from time to time.
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Line Block means $0.00.
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Line Block has the meaning set forth in Section 2.1(b).”
Sample 1

Examples of Line Block in a sentence

  • When and if the Line Block is eliminated pursuant to the definition of the term "Line Block", Borrowers shall pay to Lender on the date of such elimination, in immediately available funds, a fully earned and nonrefundable fee equal to $75,000, the payment of which shall be effected by Lender charging such fee to Borrower's Loan Account.

  • Any request for Loans under Section 2.2, whether written, telephonic, telecopy or otherwise, shall be deemed to be a representation by the Borrowers that (a) the amount of the requested Loans, when added to the Total Outstanding Revolving Amount, would not exceed the lesser of (i) the Revolving Commitment Amount minus the Line Block and (B) the Borrowing Base at such time, and (b) the statements set forth in Section 3.2 are correct as of the time of the request.


More Definitions of Line Block

Line Block means (a) $20,000,000 less (b) any Commitment or aggregate Commitments successfully syndicated by Foothill to another Lender or Lenders up to a maximum amount, in the aggregate, of $20,000,000.
Sample 1
Line Block means (i) from the Closing Date to the Line Block Release Date, $5,000,000, and (ii) commencing on the Line Block Release Date, zero Dollars ($0.00).
Sample 1
Line Block means $0.00.SUBPART 2.7. Deletion of Definition of Overadvance Basket (Section 1.1). Effective on (and subject to the occurrence of) the Effective Date, Section 1.1 is amended by deleting the definition of “Overadvance Basket.”SUBPART 2.8. Amendment to Definition of Permitted Debt (Section 1.1). Effective on (and subject to the occurrence of) the Effective Date, the definition of “Permitted Debt” set forth in Section 1.1 is amended by deleting such definition and replacing it with the following:
Sample 1
Line Block means $10,000,000.
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Line Block is hereby inserted to read as follows:
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Line Block means an amount equal to $7,500,000, which amount may be decreased or eliminated upon the mutual written agreement of the Lender and the Parent and with the prior written consent of Xxxxx Fargo Bank, National Association."
Sample 1
Line Block means an amount equal to $5,000,000.”
Sample 1