Term Line definition

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

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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 Two Million Dollars ($2,000,000).

Examples of Term Line in a sentence

Modified total Funded Indebtedness is defined as Funded Indebtedness less Short Term Line Financing secured by marketable securities.
The aggregate outstanding amount of Term Advances shall not exceed the Term Line.
Subject to the terms and conditions of this Agreement, during the Draw Period, Bank shall make advances (each, a “Term Advance” and, collectively, “Term Advances”) not exceeding the Term Line.
The Loan Agreement provided for, among other things, a Committed Term Line in the original principal amount of Four Million Dollars ($4,000,000).
Bank shall, at its option, charge such interest, all Bank Expenses, and all Periodic Payments against any of Borrower’s deposit accounts or against the Term Line, in which case those amounts shall thereafter accrue interest at the rate then applicable hereunder.

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 Fifteen Million Dollars ($15,000,000).

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.

Term Line is an Term Advance or Term Advances in an aggregate amount of up to Twenty Million Dollars ($20,000,000).

Term Line is a Term Advance or Term Advances, outstanding at any time, in the amount of up to (a) on and prior to December 31, 2006, $8,000,000 (provided that such amount shall increase to $10,000,000 after the occurrence of the Capitalization Event), and (b) on and after January 1, 2007, only if the Capitalization Event has occurred, $20,000,000 (inclusive of amounts in (a) above).

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: