Line of Credit definition

Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

Line of Credit has the meaning ascribed to it in Section 2.1.1. hereof.

Line of Credit means the credit facility described as such in Section 2.

Examples of Line of Credit in a sentence

• For bidders submitting the committed Line of Credit, it must be at least equal to ten percent (10%) of the ABCs for all the lots or items participated in by the prospective Bidder.

• If the prospective bidder opts to submit a committed Line of Credit, it must be at least equal to ten percent (10%) of the ABC to be bid.

• Borrower may from time to time during the term of the Line of Credit borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions contained herein or in the Line of Credit Note; provided however, that the total outstanding borrowings under the Line of Credit shall not at any time exceed the maximum principal amount available thereunder, as set forth above.

• The undrawn amount of all Letters of Credit shall be reserved under the Line of Credit and shall not be available for borrowings thereunder.

• For bidders submittingthe committed Line of Credit, it must be at least equal to ten percent (10%) of the ABCs for all the lots or items participated in by the prospective Bidder.

More Definitions of Line of Credit

Line of Credit means a type of Loan product that typically incorporates features that give the relevant Borrower options to, among other things, make further drawings on the Loan account;

Line of Credit means the line of credit established under Section 2.1 of this Agreement.

Line of Credit is defined in the Recitals.

Line of Credit means, with the aggregate commitment of the Lenders in an amount equal to $300,000,000 to (a) make Revolving Loans pursuant to Section 3 of this Financing Agreement, and (b) assist any Company in opening Letters of Credit and/or Bankers Acceptances pursuant to Section 5 of this Financing Agreement.

Line of Credit has the meaning set forth in Section 1.1(a).

Line of Credit as defined in Section 2.1.

Line of Credit means the aggregate revolving line of credit extended by the Lenders to the Borrowers for Revolving Loans and Letters of Credit pursuant to and in accordance with the terms of this Credit Agreement, in the amount of $40,000,000, as such revolving line of credit may be reduced from time to time in accordance with this Credit Agreement.