Line Letter definition

Line Letter dated December 12, 2006 between the Pledgors and the Bank.
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Line Letter means that certain uncommitted discretionary line of credit made by Bank of America, N.A. in favor of GameStop Europe Holdings S.a.r.l. and certain of its subsidiaries in a letter agreement dated [May 20, 2013]as of the Second Amendment Effective Date (as amended, restated, amended and restated or otherwise modified and in effect from time to time), pursuant to which Bank of America, N.A. may, in its discretion, make loans and issue commercial and standby letters of credit or bank guarantees in an amount of up to $20,000,000 in the aggregate.
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Line Letter means the "Line Letter" as defined in the Credit Agreement.
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Examples of Line Letter in a sentence

  • Bank may apply any such net proceeds in such order or preference as Bank may determine, except that any proceeds derived from the liquidation of the Collateral shall be applied first by Bank to the payment of any obligations of such Pledgor due to Bank pursuant to the Line Letter and the Note and then to any other Debt of such Pledgor which is outstanding and unpaid.

  • The Guarantor will not cease to own (directly or ------------------- indirectly), free and clear of all liens and encumbrances, the interest in the Borrower or any other Loan Party (as defined in the Line Letter) which it presently owns (if any) and will not agree to sell or subject to any lien, encumbrance or any other security device such interest at any future time, until the Loan Documents are terminated and all Guaranteed Obligations and all obligations of the Guarantor hereunder are paid in full.

  • Lender has entered into a line of credit letter agreement (the "Credit Line Letter") with Implant Sciences Corporation ("Borrower"), dated as of October 10, 2001.

  • As a condition precedent to the execution and delivery of the Credit Line Letter by Lender, Lender requires that Guarantor execute and deliver this Guarantee.

  • Each Swing Line Loan (other than a Swing Line Letter of Credit) shall be repaid by the Borrower (or converted into a Syndicated Advance in accordance with Section 3.9(h)) within 30 days after the relevant Drawdown Date (in the case of a Canadian Prime Rate Loan or a U.S. Base Rate Loan) or on the maturity date (not to exceed 30 days after the relevant Drawdown Date) selected by the Borrower in the Notice of Borrowing requesting such Swing Line Loan (in the case of Bankers' Acceptances).


More Definitions of Line Letter

Line Letter means that certain uncommitted discretionary line of credit made by Bank of America, N.A. in favor of GameStop Europe Holdings
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Line Letter means the Line of Credit Agreement of even date herewith among the Bank, the Obligor and others, as amended from time to time.
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Line Letter means the Line Letter, dated as March 31, 2008, by the Bank in favor of the Borrower, as same has been and may be further amended, restated, extended, supplemented or modified, from time to time.
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Line Letter means the Line Letter, dated as March 31, 2008, by the Bank in favor of the Pledgor, as same has been and may be further amended, restated, extended, supplemented or modified, from time to time.
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Line Letter means that certain letter in the form of Exhibit J hereto, dated as of the date hereof, executed by each of the Banks and the Company and establishing a $15,000,000 line of credit in favor of the Company to be used exclusively to open standby Letters of Credit (to the extent permitted by this Agreement) to support insurance requirements of the Company and its Subsidiaries, as amended, supplemented, superseded or otherwise modified from time to time.
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Line Letter means that certain uncommitted discretionary line of credit made by Bank of America, N.A. in favor of GameStop Europe Holdings S.a.r.l. and certain of its subsidiaries, pursuant to which Bank of America, N.A. may, in its discretion, make loans and issue commercial and standby letters of credit or bank guarantees in an amount of up to $20,000,000 in the aggregate.
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Line Letter means the letter dated April 30, 1999 whereby Lender offers Borrower an uncommitted line of credit up to a maximum of $15,000,000.00.
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