Maximum Line of Credit Amount definition

Maximum Line of Credit Amount means, as of any date of determination, an amount equal to:

Maximum Line of Credit Amount means One Million Nine Hundred Thousand Dollars ($1,900,000) or such greater amount as the Lender may consent to in writing from time to time.

Maximum Line of Credit Amount means Twelve Million Dollars ($12,000,000) less any amounts outstanding pursuant to the Auxiliary Revolver Facility.

Examples of Maximum Line of Credit Amount in a sentence

• At Closing, Borrower shall execute and deliver the Note to Lender for the Maximum Line of Credit Amount.

• 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.

• Maximum Line of Credit Amount - The sum of Four Million Twenty Two Thousand Nine Hundred Eighty Six and 00/ 100 Dollars ($4,022,986.00).

• WHEREAS, the parties are entering into this Amendment to define the terms and conditions of the increase the Maximum Line of Credit Amount under the Loan Agreement to $2,000,000.

More Definitions of Maximum Line of Credit Amount

Maximum Line of Credit Amount means Twelve Million Dollars ($12,000,000).

Maximum Line of Credit Amount means One Million Nine Hundred Thousand Dollars ($1,900,000), subject to reduction as described in Section 2.9 of this Agreement".

Maximum Line of Credit Amount means Two Million Dollars ($2,000,000).

Maximum Line of Credit Amount means, as of any date of determination, an amount equal to (a) if such date is on or after May 1 and on or before August 31 of any calendar year, $50,000,000 and (b) at all other times, $40,000,000.

Maximum Line of Credit Amount means Seven Million Five Hundred Thousand Dollars ($7,500,000).

Maximum Line of Credit Amount contained in Section 1.1 of the Loan Agreement are hereby amended and restated as follows: Borrowing Base - Sixty percent (60%) of the net Qualified Accounts. Maximum Line of Credit Amount - shall equal the Current Debt. The Current Debt shall reduce dollar for dollar by any Mandatory Payments received by Lender pursuant to Section 5 of this Agreement.

Maximum Line of Credit Amount means $45,000,000.