Committed Line of Credit Sample Clauses
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Committed Line of Credit. A committed revolving line of credit under which the Borrower may request and the Bank, subject to the terms and conditions of this Agreement, will make advances to the Borrower from time to time until the Expiration Date, in an amount in the aggregate at any time outstanding not to exceed $200,000,000.00 during the period from July 9, 2015 until the Expiration Date (the “Line of Credit”). The “Expiration Date” means December 18, 2018, or such later date as may be designated by the Bank by written notice to the Borrower. Advances under the Line of Credit will be used for working capital or other general business purposes of the Borrower.”
Committed Line of Credit. 8 Section 2.01. Commitment to Lend..........................................8 Section 2.02. Reduction or Termination of Commitment......................9 Section 2.03. Committed Credit Loan Accounts.............................10 Section 2.04. Requests for Committed Credit Loans........................10 Section 2.05. Repayment of Committed Credit Loans........................12
Committed Line of Credit. Purchaser shall deliver on the date hereof evidence in form and substance reasonably satisfactory to Venturian of a committed line of credit or a similar credit facility in an amount not less than $6.6 million demonstrating Purchaser's financial ability to close the transactions contemplated hereunder.
Committed Line of Credit. The Committed Line of Credit shall have the following terms:
(a) Maturity Date: July 31, 2000, or such later date as may be designated by the Bank by written notice to the Borrower.
Committed Line of Credit
Committed Line of Credit. (a) Subject to the terms, covenants and conditions hereinafter set forth, the Lender hereby agrees to hold available for the use of the Borrower, commencing on the effective date hereof and continuing for so long as the Lender, in its sole discretion, may agree, a secured committed line of credit in an aggregate principal amount of up to $5,000,000 (the "Line of Credit").