Line of Credit Amount definition

Line of Credit Amount means, $75,000,000, provided that such amount may be (a) increased from time to time pursuant to Section 2.1(b), and (b) reduced from time to time pursuant to Section 2.1(c).
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Line of Credit Amount means $550,000,000;
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Line of Credit Amount means, $100,000,000, provided that such amount may be reduced from time to time pursuant to Section 2.1(c)
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Examples of Line of Credit Amount in a sentence

  • The Loans shall continue to be evidenced by the Note and it is acknowledged that the amount of the Note is greater than the Line of Credit Amount, as amended hereby.

  • The aggregate principal amount of Advances, both outstanding and repaid, shall not exceed in the aggregate the Maximum Line of Credit Amount.

  • Borrower shall not request any advance of proceeds of the Line of Credit which exceeds the Maximum Line of Credit Amount or the Borrowing Base or which would cause the aggregate amount of advances made and outstanding under the Line of Credit to exceed the Maximum Line of Credit Amount or the Borrowing Base.

  • If the aggregate amount of advances made and outstanding under the Line of Credit shall at any time and for any reason exceed the Maximum Line of Credit Amount or the Borrowing Base, Borrower shall immediately pay Bank the excess.

  • Subject to the continued compliance of Borrower with the terms of this Agreement and all other accompanying Loan documents and the continued absence of any default by Borrower or any Other Obligor hereunder and thereunder, Bank may advance to Borrower, for use by Borrower as hereafter provided, such sums as Borrower may request, but which shall not exceed in the aggregate at any one time outstanding the lesser of the Borrowing Base or the Maximum Line of Credit Amount.


More Definitions of Line of Credit Amount

Line of Credit Amount means, $150,000,000, provided that such amount may be (a) increased from time to time pursuant to Section 2.1(b), and (b) reduced from time to time pursuant to Section 2.1(c).
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Line of Credit Amount as defined in Section 2.3.
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Line of Credit Amount has the meaning given to it in Section 4, together with all Letters of Credit issued but not funded, wholesale leases and other wholesale inventory financed by Lender or its affiliates.
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Line of Credit Amount means, as of any applicable date of determination, One Million Three Hundred Thousand Dollars ($1,300,000).
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Line of Credit Amount means $30,000,000.
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Line of Credit Amount. The maximum amount of any Advance under the Line of Credit for any Property shall be that amount which results in a debt service coverage ratio ("DSCR") of at least 1.50:1, based upon the underwritten net operating income ("UNOI") of the Property (as defined below), the calculation of which is described below, and an assumed debt service constant of 11.33%.
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Line of Credit Amount has the meaning given to it in Section 4.
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