Bank Line definition
Examples of Bank Line in a sentence
Any such cash collateral shall be made available by Agent to Issuing Lenders to reimburse Issuing Lenders for payments of drafts drawn under such Letters of Credit and any fees and expenses of Bank Line Issuers or Issuing Lenders with respect to such Letters of Credit and the unused portion thereof, after all such Letters of Credit shall have expired or been fully drawn upon, shall be applied to repay any other Obligations.
If the Account is maintained in connection with a Sweep Agreement with a Spring Bank Line of Credit, any overdraft will be made in accordance with the agreement or rules governing that Sweep Agreement rather than this Agreement.
Section 8.1(g) of the Loan Agreement contained a capitalized term, "Key Bank Line," which had not been defined in the Loan Agreement.
Any notice requesting the issuance of a Letter of Credit shall be accompanied by the form of the Letter of Credit and the application or reimbursement agreement, if any, then required by the Issuing Lender or Bank Line Issuer asked to issue such Letter of Credit completed in a manner satisfactory to such Issuing Lender or Bank Line Issuer.
You may not transfer an amount that would cause you to exceed the available balance of your TD Bank Overdraft Protection Plan or TD Bank Line of Credit.
In addition, ▇▇▇▇▇▇▇▇ agrees to provide Lender with copies of all information furnished to Bank under the Bank Line to the extent such information is not duplicative of information furnished to Lender under this Agreement and the other Loan Documents.
The 6th St Viaduct Replacement Project, led by the City, will provide a new bridge across the Los Angeles River that also spans Metrolink's River Subdivision East Bank Line at Mile Post (MP) 483.77 and West Bank Line at MP 141.7 that will meet all current structural and seismic standards and improve traffic flow through the area.
Without the need for the consent of any person or entity, the Company, and each Officer and the Member on behalf of the Company, acting singly or jointly, are hereby authorized to cause the Company to draw down on the Bank Line and (i) to use such funds to make contributions to Sub 1 and/or Sub 2, in such amounts and at such times as any Officer or the Member, acting singly or jointly, may determine, and/or (ii) to retain such funds in and for the use of the Company.
Notwithstanding the foregoing, a Letter of Credit may provide for automatic extensions of its expiration date for one or more successive one year periods provided that the Issuing Lender or Bank Line Issuer that issued such Letter of Credit has the right to terminate such Letter of Credit on each such annual expiration date and no renewal term may extend the term of the Letter of Credit to a date that is later than the thirtieth (30th) day prior to the Commitment Termination Date.
The proceeds of the line of credit and the term loan were used by the Company's existing bank line of credit as well as to finance store expansion and general working capital requirements (see Note 4 - Bank Line of Credit).