Term Line definition

Term Line means a credit extension of up to One Million Four Hundred Thousand Dollars ($1,400,000).
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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 Two Million Dollars ($2,000,000).
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Examples of Term Line in a sentence

  • At December 31, 2009 the Non-Revolving Term Line was fully drawn at US$35,000,000 and was revalued at the year-end exchange rate to $36,785,000.

  • 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 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.

  • 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 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.


More Definitions of Term Line

Term Line means a credit extension of up to Fifteen Million Dollars ($15,000,000).
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Term Line is a Term Advance or Term Advances in an aggregate amount of up to Ten Million Dollars ($10,000,000).
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Term Line means credit extensions of up to Fifty Million Dollars ($50,000,000).
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Term Line means a credit extension of up to Five Million Dollars ($5,000,000).
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Term Line is an Term Advance or Term Advances in an aggregate amount of up to Three Million Dollars ($3,000,000).
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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
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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).
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