Existing Line of Credit definition

Existing Line of Credit means the Credit Agreement dated as of May 23, 2000, executed by Borrower, Bank One, NA, as administrative agent, Bank of America, N.A., as syndication agent, the Co- Documentation Agents defined therein, and the Lenders defined therein, as such Credit Agreement has been or may be modified, amended, renewed, extended, or restated from time to time.
Sample 1
Existing Line of Credit means that certain Credit Application & Agreement for Credit Sales by and between Sunergy Solar LLC, as applicant, and Consolidated Electrical Distributors, Inc., as seller.
Sample 1Sample 2
Existing Line of Credit means the revolving line of credit extended to Borrower by Austin Financial Services, Inc., originally extended in February 2019.
Sample 1

Examples of Existing Line of Credit in a sentence

  • The Commission gave Deseret authorization to enter into and to secure the Existing Line of Credit pursuant to its Report and Order dated July 3, 1996 in Docket No. 96-506-01.

  • Applicant states it has not drawn on the Existing Line of Credit to date.

  • Borrower has requested that Bank provide the credit accommodations described below, the proceeds of which shall repay in full Borrower’s outstanding revolving advances under and in respect of the Existing Credit Agreement and the Existing Line of Credit, if any, and for such other purposes as described below, and Bank has agreed to provide such credit to Borrower on the terms and conditions contained herein.

  • Accordingly, Deseret requests that a Report and Order be issued no later than October 15, 2016, in time for Deseret to execute the 2016 CFC Line of Credit Note, sign and record the Second Supplemental Mortgage, and proceed to put the Extended Line of Credit in effect prior to or concurrent with the end of the commitment period under the Existing Line of Credit on October 16, 2016.

  • The undrawn amount of all Line of Credit Letters of Credit (including the Existing Line of Credit Letters of Credit) shall be reserved under the Line of Credit and shall not be available for borrowings thereunder.


More Definitions of Existing Line of Credit

Existing Line of Credit means that certain Loan Agreement entered into between Issuer and Wachovia Bank, National Association, dated October 2, 2006.
Sample 1
Existing Line of Credit means that certain Line of Credit Agreement, dated as of December 29, 2017, in the original principal amount of Three Hundred Thousand Seventy Dollars ($370,000), by and between Issuer and A. Mxxxxxx Xxxxxxxxx, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.
Sample 1
Existing Line of Credit means the Standard Libor Grid Note, dated as of May 4, 2007, by and among the Company and Manufacturers and Traders Trust Company with a maximum principal amount of up to $13,000,000.
Sample 1
Existing Line of Credit has the meaning assigned to it in Subsection 6.2.1;
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Existing Line of Credit. Fixed Charges," "Funds from Operations," "Indebtedness," "Liabilities," "Permitted Distributions," "Permitted Recourse Debt," "Permitted Redemptions," "Recourse Debt," and "Total Assets" in their entirety and replace such definitions with the following:
Sample 1
Existing Line of Credit means (a) that certain Credit Agreement dated May 23, 2000, executed by Borrower, Bank One, NA, as Administrative Agent, Bank of America, N.A., as Syndication Agent, Dresdner Bank AG, New York Branch and Grand Cayman Branch, as Documentation Agent, and the Lenders defined therein, as such Credit Agreement has been or may be modified, amended, renewed, extended, or restated from time to time, and (b) a revolving credit facility that replaces the facility described in clause (a) so long as Lenders hereunder constituting at least the Required Lenders are also lenders under such replacement revolving credit facility.
Sample 1
Existing Line of Credit means (a) the Credit Agreement dated as of May 23, 2000, executed by Borrower, Bank One, N.A., as administrative agent, Bank of America, N.A., as syndication agent, Dresdner Bank AG, New York Branch and Grand Cayman Branch, as Documentation Agent, and the Lenders defined therein, as such Credit Agreement has been or may be modified, amended, renewed, extended, or restated from time to time, and (b) a revolving credit facility that replaces the facility described in clause (a).
Sample 1