Chase Line definition
Examples of Chase Line in a sentence
The Lenders shall have received letters evidencing the cancellation of the Chase Line of Credit and the EAB Line of Credit and any other lines of credit or similar borrowing facilities available to the Company or any Guarantor.
On the date of this Agreement, all letters of credit set forth on Schedule 2.01 annexed hereto and which are outstanding under the Chase Line of Credit or the EAB Line of Credit shall be deemed to be Outstanding L/C Exposure under this Agreement.
If the Company is not successful in obtaining such consent on terms reasonably satisfactory to the Buyer, then the Foundation shall cause the Company to pay off the principal balance and accrued interest under the JPM Chase Line in full on or before the Closing Date, and obtain a release of any Liens created under the JPM Chase Line.
Within 60 days after the Effective Time, Premier will have either: (i) paid the Chase Line of Credit and Chase Equipment Financing in full; or (ii) removed ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇▇ as personal guarantors of those debts.
Prior to Closing, the Foundation shall cause the Company to use its good faith efforts to obtain the written consent of JPMorgan Chase Bank, N.A., under the JPM Chase Line, to the transactions contemplated by this Agreement, without resulting in any effect upon the JPM Chase Line.
Notwithstanding any provision herein to the contrary, the parties agree that during the Pre-Closing Period, the Company may, in its discretion, make payments in satisfaction of all or a portion of the Company Indebtedness including, without limitation, outstanding debt under the Chase Line and the JPMorgan Note or the Company Merger Costs.