Line of Credit Advance definition

Line of Credit Advance has the meaning given in Section 2.1(a).
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Line of Credit Advance means each advance of principal under the Note made by the Lender to or for the benefit of Borrower pursuant to a Request for Advance or otherwise.
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Line of Credit Advance means any advance by the Bank under the Line of Credit Commitment. "Line of Credit Commitment" shall have the meaning assigned to it in Section 2.01(b).
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Examples of Line of Credit Advance in a sentence

  • Borrower shall repay all Line of Credit Advances even if Bank does not receive such confirmation and even if the person requesting a Line of Credit Advance was not in fact authorized to do so.

  • Upon fulfillment of the applicable conditions set forth in Article IV, Bank shall disburse the proceeds of the requested Line of Credit Advance by crediting the same to the Loan Account, on that same Business Day, unless Bank and Borrower shall agree in writing to another manner of disbursement.

  • For Line of Credit accounts, the interest rate will be set forth on the Line of Credit Advance Disclosure.

  • Bank shall have no obligation to make a Line of Credit Advance to the extent the amount of the requested Line of Credit Advance exceeds Availability.

  • Any request for a Line of Credit Advance, whether written or telephonic, shall be deemed to be a representation by Borrower that the conditions set forth in Section 4.2 have been satisfied as of the time of the request.


More Definitions of Line of Credit Advance

Line of Credit Advance means an advance to the Client by the Bank pursuant to the line of credit agreement and/or promissory note(s) delivered to the Bank by the Client pursuant to this Agreement.
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Line of Credit Advance means a draw on the Line of Credit by submission of Request for Line of Credit Advance or Letter of Credit for which a Line of Credit Advance is marked on said Request. An Advance resulting on a draw on a Letter of Credit is not a Line of Credit Advance.
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Line of Credit Advance means a group of Line of Credit Loans of a single Type made by the Banks on a single date and as to which a single Interest Period is in effect.
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Line of Credit Advance means the agreement of Lender to make available to Borrower from time to time until the Line of Credit Commitment Termination Date, on a non-revolving basis, one or more advances under the Line of Credit Loan.
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Line of Credit Advance. PERIOD: Capital America will agree to make Advances under the Facility, subject to the terms and conditions described herein, for a period of 18 months, unless Borrower exercises the Extension Option described below, in which case Capital America will agree to make Advances under the Facility for a period of 24 months.
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Line of Credit Advance has the meaning specified in Section 1.1(a). Each reference in this Agreement to Reducing Line of Credit Advance, including without limitation, each reference thereto in any other terms defined in this Agreement, means a Line of Credit Advance as so defined and the definition of “Reducing Line of Credit Advance” is amended and restated accordingly.
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Line of Credit Advance means a disbursement of the proceeds of the Line of Credit Loan.
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