Line of Credit Period definition

Line of Credit Period means the period commencing on the date hereof and ending on March 31, 1999.
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Line of Credit Period means the period commencing on the Closing Date and ending on May 31, 2003.
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Line of Credit Period means the period from and including the Closing Date to but not including the Line of Credit Termination Date.
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Examples of Line of Credit Period in a sentence

  • Subject to and upon the terms and conditions contained in this Agreement, and relying on the representations and warranties contained in this Agreement, the Lender agrees to make Advances to Borrower periodically during the Line of Credit Period in an aggregate principal amount outstanding not to exceed the sum of Ten Million and No/100 ($10,000,000.00) Dollars (the "Line of Credit").

  • To the extent that any Letter of Credit remains outstanding on the last day of the Line of Credit Period, Bank shall retain all of the Collateral for the Loans until such time as the Letter of Credit is extinguished and amounts drawn thereunder paid in full, notwithstanding the full repayment and satisfaction of all Secured Obligations other than those created by the Letter of Credit.

  • During the Line of Credit Period, the Advances shall accrue interest at Libor Rate or Base Rate in accordance with Section 2.03 and shall be payable interest only monthly in arrears on the last day of each month, beginning the month of the initial Advance, and continuing on the last day of each succeeding month until May 30, 2003.

  • Notwithstanding any provisions of this Agreement, all Loans hereunder shall mature and become due and payable at the end of the Line of Credit Period.

  • Subject to the due and faithful performance of the terms and conditions of this Agreement and in any instrument or agreement executed contemporaneous herewith or as a consequence hereof and in accordance with the terms and conditions of this Agreement, Bank shall make loans to Borrower from time to time during the Line of Credit Period provided that the principal amount of the loans plus the Stated Amount of all outstanding Letters of Credit shall not at any time exceed the Borrowing Base.

  • Borrower shall pay to Bank, in arrears, on the last Business Day of each calendar quarter during the Line of Credit Period and on the last day of the Line of Credit Period, an annual facility fee of .05% of the Available Commitment calculated on the basis of the actual number of days elapsed over a year of 365/366 days as the case may be.

  • All Tranche 2 Line of Credit Loans not paid prior to the last day of the Line of Credit Period, together with all accrued and unpaid interest thereon and all fees and other amounts owing by Borrower to the Lenders with respect thereto, shall be due and payable by Borrower on the last day of the Line of Credit Period.

  • Payment of interest on any outstanding balance shall accrue, but shall not be payable or be repaid, until the expiration of the Line of Credit Period.

  • During the Line of Credit Period, Bank hereby agrees, subject to the terms and conditions of this Agreement, to make advances (“Advances”) to Borrower from time to time in an aggregate principal amount at any time outstanding not to exceed the Maximum Line of Credit Amount minus the Letter of Credit Usage (“Line of Credit”).

  • Any principal amount above $50 million may be repaid anytime during the Line of Credit Period.


More Definitions of Line of Credit Period

Line of Credit Period means the period commencing on the Closing Date and ending on May 31, 2003. II. The Loan Agreement is hereby amended by amending and restating Sections 2.02 (a) and (b), Section 2.03 and Section 2.05 as follows: SECTION 2.02.
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Line of Credit Period. Loans", "Note", "Notes", "Pro Rata Share", "Regions", and "Required Lenders" in Section 1.1 of the Credit Agreement are hereby amended and restated to read as follows and Section 1.1 of the Credit Agreement is hereby amended to add the following definitions of "Equity Proceeds", "Minimum Net Equity Proceeds", "Minimum Recapture Proceeds", "Recapture Proceeds", "Subordinate Indebtedness", "Tranche 2 Line of Credit Commitment", "Tranche 2 Line of Credit Loan", "Tranche 2 Line of Credit Loans", "Tranche 2 Line of Credit Notes", "Tranche 2 Notice of Borrowing", "Tranche 2 Term Loan", "Tranche 2 Term Loans", "Tranche 2 Term Loan Commitment", "Tranche 2 Term Loan Notice", and "Tranche 2 Unused Fee": Commitment shall mean, with respect to each Lender, such Lenders's Line of Credit Commitment, such Lender's Tranche 2 Line of Credit Commitment, such Lender's Term Loan Commitment and such Lender's Tranche 2 Term Loan Commitment, if any.
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Line of Credit Period means the period of time commencing on the date of this Agreement and ending on the Maturity Date.
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Line of Credit Period means the period beginning on the Closing Date up to and through December 31, 2013. 1. 100 “Loss(es)” is defined in Section 10.1.
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Line of Credit Period means the period from and including the Effective Date to but excluding the Termination Date.
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Related to Line of Credit Period

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Credit Period means with respect to any building that is included in a Tax Credit Project, the period of 10 years beginning with (i) the taxable year in which the building is Placed In Service, or (ii) at the election of the Developer, the succeeding taxable year.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Credit Line as defined in Section 2.1.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Loans as defined in Section 2.1.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.