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Maximum Credit Line definition

Maximum Credit Line means $167,100,000, as such amount may be reduced from time to time (A) pursuant to and in accordance with Section 2.3 and Section 13.12,
Maximum Credit Line has the meaning set forth on Schedule 1.
Maximum Credit Line means $25,000,000, or such higher amount as Lender may agree to in its sole discretion.

Examples of Maximum Credit Line in a sentence

  • Any and all amounts applied pursuant to the third and fourth clauses of this Section 13.12(a) shall result in a reduction of both the CBI Maximum Credit Line and the Maximum Credit Line by such amount.

  • In no event shall Capital be obligated to make advances to Borrower under this Section 2 whenever the aggregate amount of the then outstanding advances made pursuant to Section 2 exceeds or would exceed as a result of the requested advance, the Maximum Credit Line.

  • Upon each reduction in the CBI Maximum Credit Line, each Lender’s Existing Commitment shall be reduced by its Pro Rata Share of the amount of such reduction.

  • If, at any time and for any reason, the amount of advances made pursuant to Sections 2.1 and such supplement, if any, exceed the percentage or dollar limitations set forth in Section 2.1 and in such supplement, as applicable, or if all of Borrower's Obligations, at any time and for any reason, exceed the Maximum Credit Line (an "Over Advance"), then Borrower, upon Capital's election and demand, shall immediately pay to Capital, in cash, the amount of such excess.

  • Upon each reduction in the CBI Maximum Credit Line, each Lender's Existing Commitment shall be reduced by its Pro Rata Share of the amount of such reduction.


More Definitions of Maximum Credit Line

Maximum Credit Line means seven hundred fifty thousand Dollars ($750,000) or such other amount as may be determined from time to time by Summit in its sole discretion.
Maximum Credit Line means the sum of One Million ($1,000,000.00) Dollars.
Maximum Credit Line means $50,000,000.
Maximum Credit Line means One Million Two Hundred Thousand Dollars ($1,200,000) or such other amount as may be determined from time to time by Summit in its sole discretion.
Maximum Credit Line means Two Million Two Hundred Thousand Dollars ($2,200,000).
Maximum Credit Line as referred to in Section 1.30 means TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00). -----------------------
Maximum Credit Line means Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00). 2. The Agreement shall be amended by deleting Section 1.27 and replacing it with a new Section 1.27 as follows: