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 means Two Million Dollars ($2,000,000.00) or such other amount as may be determined from time to time by Summit in its sole discretion.

Maximum Credit Line has the meaning set forth on Schedule 1.

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.

• 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.

• Commencing ninety (90) calendar days following the Effective Date and terminating on the Maturity Date, Lender shall have the right, without commitment or obligation, to make one or more loans (each, a “Loan” and collectively with the Initial Loan, the “Loans”) to Borrower from time to time upon Bxxxxxxx’s written request as set forth herein; provided that no Loan shall be made if, after giving effect to such Loan, the aggregate principal sum of all outstanding Loans would exceed the Maximum Credit Line.

More Definitions of Maximum Credit Line

Maximum Credit Line means $25,000,000, or such higher amount as Lender may agree to in its sole discretion.

Maximum Credit Line means the sum of One Million ($1,000,000.00) Dollars.

Maximum Credit Line means One Million Seven Hundred and Fifty Thousand and 00/100 Dollars ($1,750,000.00).

Maximum Credit Line means $50,000,000.

Maximum Credit Line means Two Million Two Hundred Thousand Dollars ($2,200,000).

Maximum Credit Line as referred to in Section 1.42 means $10,000,000.00 (Ten Million United States Dollars).

Maximum Credit Line as referred to in Section 1.25 means TWELVE MILLION DOLLARS ($12,000,000.00), which shall be reduced by $250,000.00 per month commencing March 1, 2005; provided, however, that in the event that the amount of the Obligations owing to Capital (the “Capital Obligations”) are reduced below $7,500,000.00, then such monthly reduction to the Maximum Credit Line shall be suspended until such time as the Capital Obligations exceed $7,500,000.00 (the “Reduction Suspension”), in which event the initial monthly reduction to the Maximum Credit Line shall be an amount equal to $250,000.00 multiplied by the number of months since the Reduction Suspension. As an example, in the event that on April 1, 2005 there is a Reduction Suspension, and on May 31, 2005 the Capital Obligations exceed $7,500,000.00, then the Maximum Credit Line shall be reduced by $750,000.00 on June 1, 2005.”