Maximum Line of Credit definition

Maximum Line of Credit shall be Five Million and No Dollars ($5,000,000) and shall consist of the Committed Line; provided, however, that such limit complies with Credit Union’s applicable requirements under state law and its business lending policy then in effect. 
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Maximum Line of Credit means $39,000,000, as such amount may be permanently increased pursuant to the terms of Section 2.1(b)(ii) of this Agreement, or permanently reduced pursuant to the terms of Section 2.7(c) of this Agreement; provided, however, that in the event that the Consummation of the Merger Transaction does not occur by June 15, 2014, (i) the Maximum Line of Credit shall on such day be reduced to $33,000,000, and (ii) on the Initial Tranche A-2 Advance Repayment Date, the Maximum Line of Credit shall be reduced by the sum of $5,000,000.”
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Maximum Line of Credit. In consideration of Gxxx Company's performance of its Obligations and subject to Sections 3 and 4, DFS grants to Gxxx Company separate lines of credit of (i) SIXTY-NINE MILLION FIVE HUNDRED THOUSAND UNITED STATES DOLLARS ($69,500,000.00 U.S.) (the "U.S. Line"), and (ii) that fluctuating amount of Canadian Dollars which, from day-to-day, shall equal, based on the daily noon spot exchange rate of the Royal Bank of Canada (the "Exchange Rate") FIVE MILLION FIVE HUNDRED THOUSAND UNITED STATES DOLLARS ($5,500,000.00 U.S.) (the "Canadian Line") for the period commencing on the execution of this Agreement until December 31, 1998.
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Examples of Maximum Line of Credit in a sentence

  • The sum of all outstanding advances under this Agreement shall not exceed the Maximum Line of Credit.

  • If the aggregate principal amount of unpaid Advances at any time exceeds the Maximum Line of Credit Amount (such excess referred to as "Overadvance"), Borrower shall, within five (5) Business Days, repay the Overadvance in full.

  • The aggregate principal amount of Advances, both outstanding and repaid, shall not exceed in the aggregate the Maximum Line of Credit Amount.

  • If the aggregate amount of advances made and outstanding under the Line of Credit shall at any time and for any reason exceed the Maximum Line of Credit Amount or the Borrowing Base, Borrower shall immediately pay Bank the excess.

  • Borrower shall not request any advance of proceeds of the Line of Credit which exceeds the Maximum Line of Credit Amount or the Borrowing Base or which would cause the aggregate amount of advances made and outstanding under the Line of Credit to exceed the Maximum Line of Credit Amount or the Borrowing Base.


More Definitions of Maximum Line of Credit

Maximum Line of Credit means, at any time, an amount equal to $30,000,000 minus the aggregate unpaid balance of (i) that certain Loan and Security Agreement of even date herewith by and between RDO Agriculture Equipment Co. ("RDOA") and CitiCapital, and (ii) that certain Loan and Security Agreement of even date herewith by and between RDO Material Handling Co. ("RDOM") and CitiCapital, which shall not exceed $9,000,000. RDOA and RDOM will be individually and collectively referred to herein as the "Affiliates".
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Maximum Line of Credit has the meaning set forth in Section 2.1 hereof.
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Maximum Line of Credit means $40,000,000.
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Maximum Line of Credit means, at any time, an amount equal to $2,000,000.
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Maximum Line of Credit means $60,000,000.
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Maximum Line of Credit means $24,000,000.
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Maximum Line of Credit. Amount shall mean, as of the Ninth Amendment Effective Date, an amount equal to $40,000,000." Section 2.04 Section 1.48
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