Working Capital Line of Credit definition

Working Capital Line of Credit means the line of credit ------------------------------ established pursuant to Article II of this Agreement to provide direct loan ---------- advances and Standby Letters of Credit to finance the working capital needs of any Borrower.

Working Capital Line of Credit means the $2 million line of credit set forth in Section 9.6.

Working Capital Line of Credit means an unsecured line of credit, credit facility or term loan with a maximum principal amount not to exceed

Examples of Working Capital Line of Credit in a sentence

• The Working Capital Line of Credit Program is a revolving line of credit that provides short-term working capital.Businesses that provide credit to their customers or whose principal asset is inventory use the program most often.

• The Working Capital Line of Credit Program is a revolving line of credit that provides short-term working capital.

• Working Capital Line of Credit as a backstop for periodic and temporary or seasonal cash1 flow needs, its rates must produce sufficient cash to repay those borrowings, as2 Pennichuck is obligated by its lender to completely “clean out” and pay that facility down3 to $0 for at least 30 consecutive days in each calendar year.4 Q.

• The outstanding principal balance due QSI under the Working Capital Line of Credit may not exceed $1.25 million at any time commencing with the Closing Date and ending June 30, 1997.

• Viewpoints of participants may be summarized as follows: Article 15 of the Anti Drug Law stipulates that the addicted, except for those who refer to treatment centers for the purpose of treatment, are criminals.

More Definitions of Working Capital Line of Credit

Working Capital Line of Credit means an unsecured line of credit, credit facility or term loan with a maximum principal amount not to exceed $3,000,000.

Working Capital Line of Credit has the meaning given to that term in Section 2.01.

Working Capital Line of Credit means the Business Loan Agreement (Asset Based) between the Company and JPMorgan Chase Bank, N.A., dated as of October 13, 2015.

Working Capital Line of Credit means a secured line of credit, credit facility or term loan with a maximum principal amount not to exceed

Working Capital Line of Credit means the revolving line of credit in the original principal amount of Eighteen Million Dollars ($18,000,000.00) established by the Bank in favor of the Borrower pursuant to this Amended and Restated Loan Agreement.

Working Capital Line of Credit means a line of credit utilized to fund the operating needs of Lessee, which line of credit may be secured by a first priority security interest in the General Account and inventory, receivables and the proceeds thereof, subject to Section 8.2(l) and the restrictions in clauses (i) through (iv) of Section 8.3(d). Certain information has been excluded from this agreement (indicated by “[***]”) because such information (i) is not material and (ii) would be competitively harmful if publicly disclosed.

Working Capital Line of Credit means the revolving line of credit facility in the maximum amount of Ten Million Dollars ($10,000,000) described in Section 2.1.