Revolving Line of Credit Note definition

Revolving Line of Credit Note means that certain promissory note of even date herewith executed and delivered to the Lender by the Borrower in the amount of $2,350,000.00 and pursuant to the terms and conditions provided for in this Agreement and the Second Supplement to this Agreement.

Revolving Line of Credit Note means any note issued to a Credit Agreement Lender pursuant to the Credit Agreement.

Revolving Line of Credit Note means the Revolving Line of Credit ----------------------------- Note dated as of December 31, 1996, in the face amount of Five Million Dollars ($5,000,000.00), as referred to in Article 2 hereof.

Examples of Revolving Line of Credit Note in a sentence

• 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”).

• On December 30, 2010, the Company agreed to a new Revolving Line of Credit Note and Loan Agreement with Sovereign Bank, NA (“Sovereign”).

• On December 29, 2014, the Company entered into to an Amended and Restated Committed Revolving Line of Credit Note (“the Line”) and a Second Amendment to the Loan Agreement with Santander Bank, N.A. (“Santander”).

• Borrower may from time to time during the term of the Line of Credit borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to all of the limitations, terms and conditions contained herein or in the Revolving Line of Credit Note; provided however, that the total outstanding borrowings under the Line of Credit shall not at any time exceed the maximum principal amount available thereunder, as set forth above.

• The Revolving Line of Credit Loan shall be disbursed, advanced, readvanced, and repaid as provided in the Revolving Line of Credit Note and this Agreement.

More Definitions of Revolving Line of Credit Note

Revolving Line of Credit Note means that certain Amended and Restated Revolving Line of Credit Note of even date herewith in the stated principal amount of $5,000,000.

Revolving Line of Credit Note means the Revolving Line of Credit Note referred to in Section 2.2(a) hereof and shall include all amendments, renewals and modifications of the Revolving Line of Credit Note.

Revolving Line of Credit Note means one or more promissory notes in the form and substance reasonably satisfactory to the Agent executed by the Borrower pursuant to the terms and conditions of this Agreement, evidencing the Revolving Line of Credit Loan.

Revolving Line of Credit Note has the meaning ascribed to such term in Section 2.1(a). “Rules” has the meaning ascribed to such term in Section 9.12(b) hereof.

Revolving Line of Credit Note means a promissory note in the form and substance satisfactory to the Agent executed by GPCC pursuant to the terms and conditions of this Agreement.

Revolving Line of Credit Note means the Promissory Note of even date herewith, made by Borrower and payable to the order of Bank in the face amount of the Revolving Line of Credit, as it may be amended, modified, extended, renewed, restated, or supplemented from time to time. ​

Revolving Line of Credit Note thereof", "therein", "thereunder", or words of like import referring to the Original Note, shall mean and be a reference to the Original Note, as amended and restated hereby. Upon the occurrence of any Event of Default under, and as defined in, the Credit Agreement, at the option of the Bank, the principal amount then outstanding of and the accrued interest on the advances under this note and all other amounts payable under this note shall become immediately due and payable, without notice (including, without limitation, notice of intent to accelerate), presentment, demand, protest or other formalities of any kind, all of which are hereby expressly waived by the Borrowers. The Bank shall keep a record of the amount and the date of the making of each advance pursuant to the Credit Agreement and each payment of principal with respect thereto by maintaining a computerized record of such information and printouts of such computerized record, which computerized record, and the printouts thereof, shall constitute PRIMA FACIE evidence of the accuracy of the information so endorsed. If the entire amount of any required payment of principal and/or interest is not paid within ten (10) Business Days after the same is due, the Borrowers shall pay to the Bank a late fee equal to five percent (5%) of the required payment. Each of the undersigned agrees to pay all reasonable costs and expenses of the Agent and the Bank (including, without limitation, the reasonable fees and expenses of attorneys) in connection with the enforcement of this note and the other Loan Documents and the preservation of its rights hereunder and thereunder. No delay or omission on the part of the Agent or the Bank in exercising any right hereunder shall operate as a waiver of such right or of any other right of the Agent or the Bank, nor shall any delay, omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right on any future occasion. The Borrowers and every endorser or guarantor of this note regardless of the time, order or place of signing waives presentment, demand, protest and notices of every kind and assents to any one or more extensions or postponements of the time of payment or any other indulgences, to any substitutions, exchanges or releases of collateral for this note, and to the additions or releases of any other parties or persons primarily or secondarily liable.