Line of Credit Commitment definition

Line of Credit Commitment means the committed line of credit facility established by Bank in favor of Borrower in the amount set forth in the Line of Credit Note and upon the terms described in this Agreement.

Line of Credit Commitment shall have the meaning set forth in Section 2.1 of this Agreement.

Line of Credit Commitment means either a US Line of Credit Commitment or Canadian Line of Credit Commitment, as the case may be.

Examples of Line of Credit Commitment in a sentence

• The maximum principal amount of Advances under the Line of Credit Commitment at any time outstanding shall not exceed the committed amount of the Line of Credit Commitment.

• Bank may also terminate the Line of Credit Commitment pursuant to Section 10 hereof.

• Within the limits of the Facility Commitment and the Canadian Subfacility Amount, and in accordance with the procedures set forth in this Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a Canadian Line of Credit Commitment in favor of a Canadian Franchisee who meets the credit criteria established by the Sponsor.

• Within the limits of the Facility Commitment and in accordance with the procedures set forth in this Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a US Line of Credit Commitment in favor of a US Franchisee who meets the credit criteria established by the Sponsor.

• In the event that a Canadian Borrower terminates its Canadian Line of Credit Commitment, all amounts advanced to such Canadian Borrower shall be due and payable in full on the termination date, together with all accrued and unpaid interest thereon.

More Definitions of Line of Credit Commitment

Line of Credit Commitment is defined in Section 2.1 of Schedule B.

Line of Credit Commitment or "Commitment" shall mean at any time for ----------------------------------------- any Lender, the amount of such commitment set forth opposite such Lender's name on the signature pages hereof or in any assignment hereafter executed by any assignee of a Lender pursuant to Section 10.06, as the same may be increased or decreased from time to time as a result of any reduction thereof pursuant to Section 2.03, any assignment thereof pursuant to Section 10.06, or any amendment thereof pursuant to Section 10.02.

Line of Credit Commitment means the Commitment established pursuant to Section 1.1. hereof and Section 1.3 hereof.

Line of Credit Commitment means, with respect to each Lender, the obligation of such Lender to make Line of Credit Loans to the Borrower in a principal amount equal to such Lender's Applicable Commitment Percentage of the Total Line of Credit Commitment.

Line of Credit Commitment has the meaning ascribed to such term in the Credit Agreement.

Line of Credit Commitment means, with respect to each Lender, the obligation of such Lender to make Term Loans in a principal amount equal to such Lender's Applicable Commitment Percentage of the aggregate Term Loans and (iii) references herein to the "Line of Credit Termination Date" shall mean the Term Loan Termination Date.

Line of Credit Commitment means, as at any applicable time, the Borrower’smaximum credit availability under the Line of Credit, as established in Section 2.1(a) whether or not then fully extended.