Line Limit definition

Line Limit means the maximum principal amount that the Company may borrow and have outstanding under the relevant Line.
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Line Limit means the maximum principal amount that the Companies may borrow and have outstanding under the relevant Line.
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Line Limit means aggregate maximum credit limit that the Credit Parties have under the commercial credit cards and stored value cards issued by Xxxxx Fargo or any of its Affiliates.
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Examples of Line Limit in a sentence

  • The Service Line Limit is equal to the greater of 400 feet or 150% of the average length of all service lines within the Project.

  • The Company reserves the right to use a different Service Line Limit for different categories of customers.

  • The Excessive Service Line Fee will equal the cost of the service line footage in excess of Service Line Limit.

  • The Service Line Limit will be calculated annually to be effective March 1st.

  • The Excessive Service Line Fee will be assessed to a customer whose service line requirement is in excess of the Service Line Limit.

  • The Service Line Limit for an individual service line shall be equal to the point at which the cost of the customer's service requirements are greater than the allowance based on the Cost of Service Model.

  • The Excessive Service Line Fee will be assessed to a customer whose service line requirements is in excess of the Service Line Limit.

  • In calculating the average service line length for a project containing more than one customer, the maximum length of each service line to be included in the calculation is the Service Line Limit for a primary residential home.The Company, in its sole discretion, may waive the excessive service line fee or extend the service line limit for all attaching parties based on the economics of a proposed project.

  • The Excessive Service Line Fee will equal the estimated cost of the service line footage in excess of the Service Line Limit.

  • In calculating the average service line length for a project containing more than one customer, the maximum length of each service line to be included in the calculation is the Service Line Limit for a primary residential home.


More Definitions of Line Limit

Line Limit. Twenty Million and 00/100 Dollars ($20,000,000) reduced by the amount set forth in any reduction notice secured by HSBC Bank pursuant to Section 2.13 of this Agreement.
Sample 1
Line Limit means Seventy-Five Million ($75,000,000.00) Dollars.
Sample 1

Related to Line Limit

  • Line Cap means, as of any date of determination, the lesser of (a) the Maximum Revolver Amount, and (b) the Borrowing Base as of such date of determination.

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Total Revolving Outstandings means the aggregate Outstanding Amount of all Revolving Loans, all Swing Line Loans and all L/C Obligations.

  • Revolving Outstandings means, at any time, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount of all Letters of Credit.

  • Swing Line Lenders means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing line lender hereunder.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Swing Line Sublimit means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • LC Sublimit means $500,000,000.

  • Maximum Swingline Amount means $5,000,000.

  • Swing Line Loans as defined in Section 2.6.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • LC Commitment means that portion of the Aggregate Revolving Commitment Amount that may be used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $15,000,000.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.