Credit Line Deed of Trust Sample Clauses

Credit Line Deed of Trust. This Deed of Trust is a Credit Line Deed of Trust under West Virginia Code § 38-1-14. It secures the Secured Debt (as hereinafter defined) up to a maximum principal indebtedness of One Billion Dollars ($1,000,000,000). Future advances of these sums are, subject to the terms of the documents evidencing the Secured Debt, and this Deed of Trust, authorized and intended to be obligatory. In addition, this Deed of Trust also secures interest accrued on all such sums at the rate or rates set forth in the Security Documents, together with all sums advanced by Beneficiary for taxes or insurance premiums, to protect the Mortgaged Property or the lien of this Deed of Trust or for expenses or legal fees incurred by Trustee or Beneficiary arising out of a default by Grantor hereunder or under the Security Documents, or for any other Obligations under the Credit Agreement, which sums may exceed the sum set forth above. Notices to Beneficiary shall be delivered to: Xxxxx X. Xxxxxxxx, as Collateral Trustee c/o Wilmington Trust Company Xxxxxx Square North 0000 Xxxxx Xxxxxx Xxxxxx Xxxxxxxxxx, XX 00000 Phone: (000) 000-0000 Telecopy: (000) 000-0000
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Credit Line Deed of Trust. THIS IS A CREDIT LINE DEED OF TRUST WITHIN THE MEANING OF Section 55-58.2 of the Code of Virginia (1950), as amended. For purposes of and to the extent required by such Section, (i) the name of the agent for the noteholders secured by this Deed of Trust is [____________________] as Collateral Agent, (ii) the address at which communications may be mailed or delivered to such noteholder is [________________________________], and (iii) the maximum aggregate amount of principal to be secured at any one time is $________________.
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Credit Line Deed of Trust. THIS IS A CREDIT LINE DEED OF TRUST FOR THE PURPOSES OF WEST VIRGINIA CODE Section 38-1-14, AND SECURES THE MAXIMUM AMOUNT NOT TO EXCEED $190,000,000.00, AND THIS DEED OF TRUST IS ALSO SECURITY FOR THE PAYMENT OF INTEREST ON SUCH PRINCIPAL SUMS AND FOR TAXES, INSURANCE PREMIUMS AND OTHER OBLIGATIONS, INCLUDING INTEREST THEREON, UNDERTAKEN BY BENEFICIARY OR TRUSTEE PURSUANT TO THE PROVISIONS OF THIS DEED OF TRUST. THIS DEED OF TRUST SECURES FUTURE ADVANCES, WHICH BENEFICIARY HAS AGREED TO MAKE TO TRUSTOR IN ACCORDANCE WITH AND SUBJECT TO THE TERMS AND PROVISIONS OF THE LOAN DOCUMENTS. SUCH FUTURE ADVANCES ARE INTENDED TO BE OBLIGATORY WITHIN THE MEANING OF WEST VIRGINIA CODE Section 38-1-14.
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Credit Line Deed of Trust. This deed of trust contains after-acquired property provisions and constitutes a fixture financing statement under the Virginia Uniform Commercial Code.
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Credit Line Deed of Trust 
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Related to Credit Line Deed of Trust

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • of the Loan Agreement Section 1.1 of the Loan Agreement is hereby amended as follows:

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Deed of Trust If the related Mortgage is a deed of trust, a trustee, duly qualified under applicable law to serve as such, is properly designated and serving under such Mortgage.

  • Line of Credit Note Xxxxxxxx's obligation to repay advances under the Line of Credit shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto ("Line of Credit Note"), all terms of which are incorporated herein by this reference.

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

  • CREDIT LIMIT 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the “Facility No. 1 Commitment”) is Twenty Million and 00/100 Dollars ($20,000,000.00).

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