Examples of Line of Credit Facility in a sentence

If any amount payable to Bank by Customer is not paid when due, unless otherwise agreed in writing, Customer's Account(s) will be charged an interest fee at the higher of the rate designated by Bank from time to time as its "prime rate" plus 2% annum, or, if Customer has established a Line of Credit Facility with Nordea, Customer's contract rate plus 2% annum, until paid in full.
If Bank chooses to pay the item, Customer will incur an overdraft on the Account which must be paid upon demand, in addition to any and all interest accrued on the overdraft from the date of payment at the higher of the rate designated by Bank from time to time as its "prime rate" plus 2% per annum, or, if Customer has established a Line of Credit Facility with Bank, Customer's contractual rate plus 2% per annum.
Line of Credit Facility -- At December 31, 2002, the Company had a $135.0 million credit agreement with a commercial bank syndicate.

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 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.

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 the line of credit facility evidenced by the Loan Agreement, dated as of September 22, 2016, by and between Texas Capital Bank, National Association and Associations, as amended by that certain Amendment to Loan Agreement, dated as of October 22, 2018, and that certain Second Amendment to Loan Agreement, dated as of April 20, 2021.

Line of Credit Facility or “LCF” means the Line of Credit Facility referred to in paragraph 2 of Schedule 1 to this Financing Agreement;

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.

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.