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

• 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 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.

• Subject to the continued compliance of Borrower with the terms of this Agreement and all other accompanying Loan documents and the continued absence of any default by Borrower or any Other Obligor hereunder and thereunder, Bank may advance to Borrower, for use by Borrower as hereafter provided, such sums as Borrower may request, but which shall not exceed in the aggregate at any one time outstanding the lesser of the Borrowing Base or 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 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 Seven Million Five Hundred Thousand Dollars ($7,500,000).

Maximum Line of Credit Amount means, as of the Ninth Amendment Effective Date, an amount equal to$40,000,000."

Maximum Line of Credit Amount means the lesser of (a) Six Million and no/100 Dollars ($6,000,000.00) or (b) the sum of the Eligible Accounts Receivable and the Eligible Inventory.

Maximum Line of Credit Amount. Fifteen Million ($15,000,000.00) Dollars less the aggregate outstanding advances on Home Improvement Loans and Personal Property Loans.