Maximum Line definition

Maximum Line means $5,000,000, unless said amount is reduced pursuant to Section 2.6, in which event it means the amount to which said amount is reduced.

Maximum Line means $10,000,000, unless said amount is reduced pursuant to Section 2.10, in which event it means the amount to which said amount is reduced.

Maximum Line means $3,260,000 unless said amount is reduced pursuant to Section 2.12, in which event it means such lower amount.

Examples of Maximum Line in a sentence

• If the Borrower reduces the Maximum Line to zero, all Obligations shall be immediately due and payable.

• Any reduction in the Maximum Line Amount shall be in multiples of $100,000, and with a minimum reduction of at least $500,000.

• The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount.

• For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount.

• Xxxxx Fargo shall make Advances to Companies under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount (as in effect from time to time as described below), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies may periodically borrow, prepay in whole or in part, and reborrow.

More Definitions of Maximum Line

Maximum Line means $12,000,000 unless said amount is reduced pursuant to Section 2.13, in which event it means such lower amount.

Maximum Line means $2,000,000.

Maximum Line means $3,000,000.

Maximum Line means $40,000,000, unless said amount is reduced pursuant to Section 2.16, in which event it means such lower amount.

Maximum Line means $4,000,000.

Maximum Line means $1,000,000.

Maximum Line means $40,000,000, unless said amount is reduced pursuant to Section 2.10, in which event it means the amount to which said amount is reduced.”