Examples of Line of Credit Loan Amount in a sentence
Subject to the terms hereof, Bank will lend Borrower, from time to time until the Line of Credit Loan Advancement Termination Date, such amounts which shall not exceed, in the aggregate principal amount at any one time outstanding, the Unused Line of Credit Loan Amount.
Borrower shall on demand immediately repay any amounts outstanding that are in excess of the aggregate of the Maximum Line of Credit Loan Amount.
Such loans may be made in excess of the Maximum Line of Credit Loan Amount in the sole discretion of the Bank.
This Agreement, including the Exhibits hereto, all of which are hereby incorporated herein by reference, and the documents executed and delivered pursuant hereto, constitute the entire agreement between the parties, and may be amended only by a writing signed on behalf of the Borrower Parties and holders of a majority of the Line of Credit Loan Amount and the related rights and obligations under the Loan Documents.
The Line of Credit Loan shall be evidenced by one promissory note payable to the order of BB&T in an original principal amount equal to one half of the Line of Credit Loan Amount, and a second promissory note payable to the order of SunTrust in an original principal amount equal to one half of the Line of Credit Loan Amount, each in substantially the same form as Exhibit B attached hereto (collectively, the "Line of Credit Notes").
Subject to the terms and conditions of this Agreement, the Bank agrees to lend and re-lend to the Borrower at any time and from time to time on and after the date hereof and prior to April 30, 2000, an aggregate principal amount not to exceed at any one time outstanding, the lesser of (i) $2,000,000 or (ii) the then-current Borrowing Base, as defined herein, (the lesser of (i) or (ii) being referred to hereinafter as the `Maximum Line of Credit Loan Amount').
Pursuant to the Loan Agreement, the funds advanced under the Overline Loan shall be used to repay to the Bank any amounts by which the Borrowing Base exceeds the Maximum Line of Credit Loan Amount permitted under the Line of Credit Loan, as those terms are defined in the Loan Agreement.
Any fees accrued until the effective date of any reduction of the Line of Credit Loan Amount shall be paid on the effective date of such reduction.
Borrower shall on demand immediately repay any amounts outstanding that are in excess of the aggregate of the Maximum Line of Credit Loan Amount and the Maximum Overline Loan Amount.
On or before the date of the first advance under the Line of Credit Loan, the Company shall pay to the Bank a one-time origination fee in an amount equal to the product of the original, committed Line of Credit Loan Amount, xxxxxxxxxx xx 0.00% (0.002) (the "Line of Credit Loan Origination Fee").