Examples of Line of Credit Facility in a sentence

Interest under the Line of Credit Facility will be calculated, accrued, imposed and payable on the basis of a 360-day year for the actual number of days elapsed.
Section 4 deals with Publication of plans of controlled area whereas Section 5 provides for Restrictions in a controlled area.
Any prepayment under the Line of Credit Facility must include all accrued but unpaid interest under the Line of Credit Facility allocable to the amount prepaid through the date of such prepayment.
Our Convertible Facility, Term Loan and Revolving Line of Credit Facility are secured by substantially all of our assets except intellectual property and contain certain required financial covenants.
At the request of the Borrower the Lenders may, in their sole discretion, elect to extend the Stated Termination Date then in effect for additional periods of up to 364 days each; provided, however, that at no time shall the committed term of the Line of Credit Facility exceed 364 days.

More Definitions of Line of Credit Facility

Line of Credit Facility means the $125,000,000.00 credit facility governed by that certain Amended and Restated Credit Agreement dated as of November 1, 1997 among Borrower, Manager, the lenders named therein, Keybank National Association, Bankers Trust Company, and National City Bank, as amended, restated, replaced, supplemented or otherwise modified, and as more specifically described on Schedule 1.1 hereto.

Line of Credit Facility. (the ' "A" Line of Credit') shall be available, for a period of one (1) year from Closing up to a total aggregate of Ten Million US Dollars ($10,000.000.00) for issuance of Standby Letters of Credit for the benefit of Borrower and or any Guarantor, as follows:

Line of Credit Facility means a credit facility with a principal amount of not more than $12,000,000, which is secured by cash in an amount not to exceed the outstanding indebtedness thereunder, up to an aggregate maximum of $12,000,000, all on terms and conditions reasonably satisfactory to the Agent. Loan Documents shall mean this Agreement, the Guaranty Agreement, the Lockbox Agreement, the Note Pledge Agreement, the Intercompany Subordination Agreement, the Notes, the Pledge Agreement, the Security Agreement and any other instruments, certificates or documents delivered or contemplated to be delivered hereunder or thereunder or in connection herewith or therewith, as the same may be supplemented or amended from time to time in accordance herewith or therewith, and Loan Document shall mean any of the Loan Documents. Loan Parties shall mean the Borrower and the Guarantors.

Line of Credit Facility shall be a non-revolving line of credit in the Line of Credit Facility Amount. The Borrower shall also be entitled to request Letters of Credit to be issued under the Line of Credit Facility.

Line of Credit Facility means one or more credit facilities, whether existing on the date hereof or entered into after the date hereof, between a Subsidiary of the Company and the applicable lender thereunder (the “Line of Credit Lender”), the proceeds of which are used for such Subsidiary’s working capital purposes. “Line of Credit Facilities” is the collective terms used for the Line of Credit Facility of all of the Subsidiaries. The parties acknowledge and agree that the Lighthouse Facility is, as of the date hereof, a Line of Credit Facilitiy.

Line of Credit Facility or “Line of Credit Facilities” shall mean, individually, the line of credit facility or other similar revolving financing arrangement established by the Authority with a Line of Credit Facility Provider pursuant to the Legislation, and collectively, all of the line of credit facilities or other similar revolving financing arrangements established with Line of Credit Facility Providers pursuant to the Legislation.