Line Commitment definition

Line Commitment means $40,000,000, subject to any adjustment thereto pursuant to Paragraph 2.4 of this Agreement.

Line Commitment means the commitment of each of the Lenders (as initially specified in Schedule 1.1 hereto) to make Advances to fund Line Loans on a revolving basis under Section 2.1(a) and to participate in Letters of Credit issued under Section 2.6 and Swing Loans made under Section 2.5, as such commitment may increase or decrease pursuant to the terms of this Agreement.

Line Commitment means the maximum amount of the Swing Line Loans, being initially $15,000,000, which amount shall not, at any time, exceed the Revolving Credit Commitment Amount.

Examples of Line Commitment in a sentence

• During the Revolving Credit Commitment Period, the Borrower may use the Swing Line Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof.

• Each borrowing under the Swing Line Commitment shall be in an amount equal to $500,000 or a whole multiple of $100,000 in excess thereof.

• Neither the Revolving Loan Commitment nor the Swing Line Commitment shall be permanently reduced by the amount of any such prepayments.

• The Swing Line Note shall represent the obligation of Borrower to pay the amount of the Swing Line Commitment or, if less, the aggregate unpaid principal amount of all Swing Line Advances made to Borrower together with interest thereon as prescribed in Section 1.5. The entire unpaid balance of the Swing Line Loan and all other noncontingent Obligations shall be immediately due and payable in full in immediately available funds on the Commitment Termination Date if not sooner paid in full.

• During the Revolving Credit Commitment Period, the Borrowers may use the Swing Line Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof.

More Definitions of Line Commitment

Line Commitment means the commitment of the Lender to make the Line Loan to the Borrower pursuant to Article III hereof in the original aggregate principal amount outstanding not to exceed $5,376,500.

Line Commitment means the commitment of the Lender to make one or more Line Loans to the Borrowers pursuant to Article III hereof in the original aggregate principal amount outstanding not to exceed $10,376,500.

Line Commitment means, for each Bank, the amount specified for such Bank in Section 1.4.

Line Commitment means, as to the Swing Line Lender at any time, FIFTY MILLION DOLLARS ($50,000,000). “Swing Line Facility” means the swing line facility established pursuant to 2.19.

Line Commitment means, with respect to any Swingline Lender, the commitment of such Swingline Lender under an IncrementalRevolving Facility Commitment established pursuant to Section 2.21 to make Swingline Loans pursuant to Section 2.04. Any Swingline Commitment shall be part of, and not in addition to, the applicable Incremental Revolving Facility Commitments.

Line Commitment means the commitment of the Swingline Lender to make Swingline Loans in an aggregate principal amount at any time outstanding not to exceed $5,000,000.

Line Commitment means the maximum amount of the Loans that Lender is obligated to make to Borrower pursuant to Section 2.I.a. of this Agreement.