Committed Equipment Line definition

Committed Equipment Line means a credit extension of up to Three Million Dollars ($3,000,000.00).
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Committed Equipment Line means a credit extension of up to One Million Dollars ($1,000,000).
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Committed Equipment Line means a credit extension of up to One Million Dollars ($1,000,000.00).
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Examples of Committed Equipment Line in a sentence

  • The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000) and a Committed Revolving Line in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000), provided that the sum of all advances under the Committed Equipment Line and the Committed Revolving Line shall not exceed $5,000,000 at any time.

  • The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of One Million Dollars ($1,000,000).

  • Software and used Equipment may constitute up to 25% of the Committed Equipment Line.

  • Repayment of the Committed Revolving Line and Committed Equipment Line is secured by the Collateral as described in the Loan Agreement.

  • Hereinafter, the above-described security documents, together with all other documents securing repayment of the Committed Revolving Line and Committed Equipment Line shall be referred to as the "Security Documents".


More Definitions of Committed Equipment Line

Committed Equipment Line means a credit extension of up to Two Million Dollars ($2,000,000).
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Committed Equipment Line means a Credit Extension of up to Two Hundred Fifty Thousand and No/100 Dollars ($250,000) for the purchase of equipment.
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Committed Equipment Line means a credit extension of up to Three Million Dollars ($3,000,000.00) for Equipment Line Xx. 0, xxx Xxxxxxxxx Xxxx Xx. 0, plus Two Million Dollars ($2,000,000.00) for Equipment Line No. 3.
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Committed Equipment Line is a Credit Extension of up to $1,500,000.00.
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Committed Equipment Line is a Credit Extension of up to $5,000,000. "COMMITTED REVOLVING LINE" is an Advance of up to $10,000,000.
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Committed Equipment Line is a Credit Extension of up to $1,000,000. "Committed Revolving Line" is a Credit Extension of up to $1,000,000.
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Committed Equipment Line is a Credit Extension of up to $3,000,000.
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