Line of Credit definition

Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.
Sample 1Sample 2Sample 3
Line of Credit means the credit facility described as such in Section 2.
Sample 1Sample 2Sample 3
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;
Sample 1Sample 2Sample 3

Examples of Line of Credit in a sentence

  • To figure the Finance Charge on your Overdraft Line of Credit, we compute a daily Finance Charge by applying the daily periodic rate to the amount you owe at the end of the day (including new advances and deducting payments and credits made during that day).

  • Payments are posted against your balance available for withdrawal, as defined in the Bank's Funds Availability Policy, plus the available credit on your Overdraft Protection, if any, or other Line of Credit.

  • Overdraft Line of Credit Minimum Monthly Payments will be an amount equal to 5.00% of Your Credit Limit, subject to the lesser of $25.00 or Your balance.

  • If You have been issued a debit Card or Credit Card, You grant and consent to a lien on Your shares with Us (except for IRA and Xxxxx accounts) and any dividends due or to become due to You from Us to the extent You owe on any unpaid Credit Card balance and/or Overdraft Line of Credit balance created through the use of Your debit Card.

  • Use of your Overdraft Line of Credit serves as your acceptance of the terms and conditions of this agreement.


More Definitions of Line of Credit

Line of Credit has the meaning set forth in Section 1.1(a).
Sample 1Sample 2Sample 3
Line of Credit as defined in Section 2.1.
Sample 1Sample 2Sample 3
Line of Credit is defined in the Recitals.
Sample 1Sample 2Sample 3
Line of Credit shall have the meaning given the term in Section 2.1.a.
Sample 1Sample 2Sample 3
Line of Credit has the meaning ascribed thereto in Section 2.1(a) hereof.
Sample 1Sample 2Sample 3
Line of Credit means the commitment of the Lenders in the aggregate amount of $65,000,000 to (a) make Revolving Loans pursuant to Sections 3 and 4 of this Agreement, and (b) assist the Companies in opening Letters of Credit pursuant to Section 5 of this Agreement (up to the Letter of Credit Sub-Line).
Sample 1Sample 2
Line of Credit means the line of credit established under Section 2.1 of this Agreement.
Sample 1Sample 2Sample 3