Revolving Line of Credit Loan definition

Revolving Line of Credit Loan means that line of credit from the Lender to the Borrower in the amount not to exceed $2,350,000.00 and pursuant to the terms and conditions provided for in this Agreement and the Second Supplement to the Agreement.

Revolving Line of Credit Loan shall have the meaning specified in Section 2 of this Third Supplement.

Revolving Line of Credit Loan means that line of credit loan from the Banks to the Borrower in the amount of Five Million and No/100 Dollars ($5,000,000.00) pursuant Section 2.04.

Examples of Revolving Line of Credit Loan in a sentence

• On the Revolving Line of Credit Loan Maturity Date, the amount of the then unpaid principal balance of the Revolving Line of Credit Loan and any and all other amounts due and owing hereunder or under any other Loan Document relating to the Revolving Line of Credit Loan will be due and payable.

• The computation of interest, amortization, maturity and other terms and conditions of the Revolving Line of Credit Loan shall be as provided in the Revolving Line of Credit Note, provided, however, in no event shall the applicable rate exceed the maximum nonusurious interest rate, if any, that at any time, or from time to time, may be contracted for, taken, reserved, charged, or received under applicable state or federal laws (the “Maximum Rate”).

• Lender and Borrower entered into a certain Loan Agreement dated September 24, 2012 (the “Original Loan Agreement”) wherein which Lender agreed to make a Revolving Line of Credit Loan (as defined in the Original Loan Agreement) to Borrower in the original principal amount of Fifteen Million and 00/100 Dollars ($15,000,000.00).

• The purposes for which advances under the Loan may be used are for general corporate and operating purposes of the Borrower and its subsidiaries, including closing costs and fees associated with the Revolving Line of Credit Loan.

• The Borrower will pay accrued interest on the Revolving Line of Credit Loan on the first (1st) day of each month, commencing on the first (1st) Monthly Payment Date following the date on which the first Advance is made on the Revolving Line of Credit Loan, and continuing on each Monthly Payment Date thereafter until the Revolving Line of Credit Loan Maturity Date.

More Definitions of Revolving Line of Credit Loan

Revolving Line of Credit Loan means a Loan under the Revolving Line of Credit.

Revolving Line of Credit Loan means the revolving line of credit ----------------------------- provided for in Article 2 hereof (including the Subline provided thereunder), and the Advances made pursuant thereto.

Revolving Line of Credit Loan shall have the meaning specified in Section 2 of this Fifth Supplement.

Revolving Line of Credit Loan shall have the meaning specified in Section 2 of this Second Supplement.

Revolving Line of Credit Loan. As defined in Section 6 of this Agreement.

Revolving Line of Credit Loan is hereby amended and restated to read as follows:

Revolving Line of Credit Loan means the Loan provided for in Section 2.3. “Revolving Line of Credit Maturity Date” means May 1, 2018. “Subordination Agreement” means that certain Subordination Agreement dated of the date hereof among Bank, Company, Wynnefield Partners Small Cap Value, LP, Wynnefield Partners Small Cap Value, LP I and Wynnefield Small Cap Value Offshore Fund, Ltd. “Subordinated Liabilities” means liabilities subordinated to Borrower's obligations to Bank in a manner acceptable to Bank in its sole discretion. “Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Borrower. “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. “Sw...