Examples of The Line of Credit in a sentence
The Line of Credit agreement with Citibank was renewed on June 29, 2020, with a termination date of June 28, 2021.
The Line of Credit may be in addition to any Permanent Financing.
Prospective bidder’s computation of its Net Financial Contracting Capacity (NFCC); or committed Line of Credit from a Universal or Commercial Bank The Line of Credit must be at least equal to ten percent (10%) of the ABC to be bid.
The Line of Credit minimum payment amount will be the greater of $25 or 2% of the outstanding balance on your account at the end of the billing cycle statement period, which begins on the 17th day of the month and ends on the 16th day of the following month (“Ending Balance”).
The Line of Credit minimum payment amount will be the greater of $25 or 2% of the outstanding balance on your account at the end of the billing cycle statement period which begins on the second day of the month and ends on the first day of the following month (“Ending Balance”).
The Line of Credit agreement with Citibank was renewed on June 28, 2021, with a termination date of June 27, 2022.
The Line of Credit Applicable Interest Period during which the LIBO Rate will be in effect will be three (3) months, so long as no Event of Default has occurred and is continuing.
The Line of Credit also provides for a termination fee equal to 1% of the maximum availability under the Line of Credit, which is due in case of a termination of the Line of Credit prior to the scheduled maturity date, and an unused facility fee equal to 0.125% per annum of the average unused portion of the Line of Credit, which is expensed as incurred.
The Line of Credit agreement with Citibank was renewed on June 29, 2020 with a termination date of June 28, 2021.
The Line of Credit contains customary business covenants such as maintenance of security, maintenance of corporate existence, and other covenants typical for a corporate operating line of credit, and the Line of Credit has one financial covenant, to maintain a current ratio greater than 1.2:1, and the bank approved a temporary reduction in the current ratio to 1.0:1 as at March 31, 2020 and June 30, 2020.