Term Line definition

Term Line means a Credit Extension of up to Five Million Dollars ($5,000,000).

Term Line means a credit extension of up to One Million Four Hundred Thousand Dollars ($1,400,000).

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

Examples of Term Line in a sentence

• The Revolving Term Line matures on February 27, 2017.The Revolving Term Line is secured by a general security agreement which includes a security interest in all accounts receivable and inventories, charges against timber tenures, and mortgage security on sawmills.

• The reaction mixture was passed slowly through the column using iso-propanol as solvent.

• All other terms and conditions of this line remain unchanged except for a reduction in pricing.The Revolving Term Line may be drawn in either CAD$ or US$ advances, and bears interest at bank prime plus a margin or, at the Company’s option, at rates for Bankers’ Acceptances or LIBOR based loans plus a margin, and in all cases dependent upon a financial ratio of total debt divided by twelve months’ trailing EBITDA¹.

• The Revolving Term Line may be drawn in either CAD$ or US$ advances, and bears interest at bank prime plus a margin or, at the Company’s option, at rates for Bankers’ Acceptances or LIBOR based loans plus a margin, and in all cases dependent upon a financial ratio of total debt divided by twelve months’ trailing EBITDA¹.

• The Company’s Revolving Term Line increased from $150,000,000 to $200,000,000, and its maturity date was extended to February 28, 2012.

More Definitions of Term Line

Term Line is a Term Advance or Term Advances in an aggregate amount of up to Ten Million Dollars ($10,000,000).

Term Line means a Credit Extension of up to Two Million Dollars ($2,000,000).

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

Term Line means credit extensions of up to Fifty Million Dollars ($50,000,000).

Term Line means credit extensions of up to Fifty Million Dollars ($50,000,000). “Term Loan Maturity Date” means October 29, 2024. WEST\291919990.7

Term Line has the meaning described in Section 2.2 (The Term Line).

Term Line means one or more Credit Extension(s) of up to $1,000,000 in the aggregate “Term Maturity Date” means December 15, 2009. All personal property of Borrower (herein referred to as “Borrower” or “Debtor”) whether presently existing or hereafter created or acquired, and wherever located, including, but not limited to: