Committed Nonformula Line definition
Committed Nonformula Line means a credit extension of up to One Million Dollars ($1,000,000).
Committed Nonformula Line means a credit extension of up to Two Million Dollars ($2,000,000).
Examples of Committed Nonformula Line in a sentence
The Borrower agrees to pay to the Bank a non-usage fee on the average daily unused portion of the Committed Nonformula Line from the First Amendment Date until the Nonformula Maturity Date at the rate of one percent (1%) per annum, payable on the last day of each calendar quarter commencing on the first such date occurring after the First Amendment Date, and on the Nonformula Maturity Date.