Revolving Line definition

Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

Revolving Line is an Advance or Advances in an amount equal to Twenty-Five Million Dollars ($25,000,000).

Revolving Line is an Advance or Advances in an amount equal to Five Million Dollars ($5,000,000).

Examples of Revolving Line in a sentence

• The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable.

• To guard against fluctuations in currency exchange rates, upon the issuance of any Letter of Credit payable in a Foreign Currency, Bank shall create a reserve (the “Letter of Credit Reserve”) under the Revolving Line in an amount equal to a percentage (which percentage shall be determined by Bank in its sole discretion) of the Dollar Equivalent of the face amount of such Letter of Credit.

• Amounts borrowed under the Revolving Line may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein.

• So long as Borrower has satisfied the Obligations (other than inchoate indemnity obligations, and any other obligations which, by their terms, are to survive the termination of this Agreement, and any Obligations under Bank Services Agreements that are cash collateralized in accordance with Section 4.1 of this Agreement), this Agreement may be terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank.

• The availability of funds under the Revolving Line shall be reduced by the amount of such Letter of Credit Reserve for as long as such Letter of Credit remains outstanding.

More Definitions of Revolving Line

Revolving Line means a credit extension of up to Five Million Dollars ($5,000,000).

Revolving Line is an aggregate principal amount equal to Twenty-Five Million Dollars ($25,000,000).

Revolving Line means a credit extension of up to Three Million Dollars ($3,000,000).

Revolving Line means a credit extension of up to Ten Million Dollars ($10,000,000).

Revolving Line is an aggregate principal amount equal to Ten Million Dollars ($10,000,000).

Revolving Line is an Advance or Advances in an amount equal to Fifteen Million Dollars ($15,000,000).

Revolving Line means a credit extension of up to Fifteen Million Dollars ($15,000,000).