Standard Line definition

Standard Line means the line of credit provided under Section 2.1(a). All Agent Advances, Swing Loans, Overadvances and purchases of risk participations in Letters of Credit shall be deemed made under the Standard Line.
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Standard Line. Means amounts up to the lesser of (a) Seven Million ($7,000,000) Dollars or (b) the lesser of:(i) eighty-seven and five tenths of one (87.5%) percent of the Net Retail Liquidation Value and (ii) the following percentages of the Cost Value of Acceptable Inventory during the following periods: January sixty-five and seven tenths (65.7%) per cent February seventy and six tenths (70.6%) per cent March seventy-two and seven tenths (72.7%) per cent April seventy and six tenths (70.6%) per cent May seventy-four (74%) per cent June seventy-four (74%) per cent July seventy and five tenths (70.5%) per cent August seventy-two and six tenths (72.6%) per cent September seventy-two (72%) per cent October seventy and six tenths (70.6%) per cent November seventy-four (74%) per cent December seventy-four (74%) per cent
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Standard Line is defined within the definition of Borrowing Base.
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Examples of Standard Line in a sentence

  • Each Swing Loan is an Advance hereunder and shall be subject to all the terms and conditions applicable to other Advances under the Standard Line , except that no such Swing Loan shall be eligible for the LIBOR Option and all payments on any Swing Loan shall be payable to Swing Lender as a Lender solely for its own account (and for the account of the holder of any participation interest with respect to such Swing Loan).

  • Any requested Borrowing of $5,000,000 or less under the Standard Line shall be made as a Swing Loan pursuant to the terms of Section 2.3(i).

  • Such option may not be exercised if at the time of termination, or after giving effect thereto, a Default or Event of Event has occurred and is continuing, or (iii) Availability under the Standard Line would be less than $17,000,000 after giving effect thereto.

  • If the Lender Group is obligated to advance funds under a Letter of Credit, Borrowers immediately shall reimburse such amount to Agent and, in the absence of such reimbursement, the amount so advanced immediately and automatically shall be deemed to be an Advance under the Standard Line and, thereafter, shall bear interest at the rate then applicable to Advances under Section 2.7.

  • If the Lender Group is obligated to advance funds under a Letter of Credit, Borrower immediately shall reimburse such amount to Agent and, in the absence of such reimbursement, the amount so advanced immediately and automatically shall be deemed to be an Advance under the Standard Line and, thereafter, shall bear interest at the rate then applicable to Advances under Section 2.7.

  • At all times during the term of this Agreement, Borrower shall have Availability under the Standard Line of not less than: (i) $3,000,000 while the Special Subline is in effect, or (ii) $5,000,000, if the Special Subline has been terminated.

  • The Master Agreement guaranteed by this Agreement is the Standard Line of Credit Agreement, No. XYSSZD 152010026118, entered into by and between the Lender and the Applicant (“Parent Agreement”) and any Sub-agreement thereunder, representing the Line of Credit amounting to RMB 20,000,000 available during a Credit Period from December 10, 2010 to November 10, 2011.

  • Any requested Borrowing of $5,000,000 or less under the Standard Line shall be made as a Swing Loan pursuant to the terms of Section 2.1(m).

  • Except for reports required pursuant to Section 9-4, in any instance where reporting as outlined in Article 9 is received by Lender beyond the period set forth therein, Borrower shall pay, in addition to the then payable portion of the collateral monitoring fee for the then subject month, an additional fee equal to the amount payable under the Standard Line and the Special Subline.


More Definitions of Standard Line

Standard Line. Means amounts of up to the lesser of: (a) sixty-six (66%) percent of the Cost value of Eligible Inventory or (b) eighty-five (85%) percent of the Net Retail Liquidation Value.
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Related to Standard Line

  • standard scale means the standard scale contained in section 55 of the Interpretation Act 2015 (of Tynwald)33;

  • Standard Rate means, for any day, a rate per annum equal to the Bank's announced Prime Rate minus 0% per annum, and each change in the Standard Rate shall be effective on the date any change in the Prime Rate is publicly announced as being effective.

  • voltage ride through as used herein shall mean the ability of a Small Generating Facility to stay connected to and synchronized with the system or equipment of the Transmission Owner and any Affected Systems during system disturbances within a range of under-voltage and over-voltage conditions, in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis.

  • Standard Turnover means the turnover achieved between the date of commencement of your business and the date of the damage, converted to the selected indemnity period.

  • Three-dimensional reference system means a system as described in Appendix 2 to this annex;