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 Twelve Million Dollars ($12,000,000) less any amounts outstanding pursuant to the Auxiliary Revolver Facility.

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.

Examples of Maximum Line of Credit Amount in a sentence

• 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.

• Borrower agrees to pay an unused commitment fee on any difference between the Maximum Line of Credit Amount and the amount of advances under the Line of Credit, determined by the average of the daily amount of credit outstanding during the specified period.

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 Two Million Dollars ($2,000,000).

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 Seven Million Five Hundred Thousand Dollars ($7,500,000).

Maximum Line of Credit Amount means $5,000,000.00. In no event shall the aggregate unpaid principal amount of advances under this Note (together with the sum of the undrawn stated amount of, plus unreimbursed draws under, any letters of credit issued under the Line of Credit) exceed, as of any date of determination, the lesser of (x) the face amount of this Note and (y) the Maximum Line of Credit Amount. In the event of any such occurrence, the amount of such excess shall be immediately due and payable without necessity of demand, and whether or not any Event of Default shall have occurred hereunder.

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, subject to Section 2.9, as of any date of determination, $10,000,000.00.