Guidance Line definition

Guidance Line means, for any Lender, the amount stated beside its name and so designated on Schedule 1.1
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Guidance Line means that certain Business Loan Agreement entered into among Borrower and Lender dated May 13, 2008 (as the same may be amended or modified from time to time, together with all exhibits and schedules attached to such Guidance Line from time to time) pursuant to which Lender provided Borrower a Guidance Line.
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Guidance Line is defined in Section 7.1.
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Examples of Guidance Line in a sentence

  • Upon the occurrence of an Event of Default: (i) the principal of and the interest on each Note and (ii) all other amounts owed to the Lender under this Agreement or any of the Borrower Documents and all other Obligations, shall thereupon become due and payable, and the Non-Revolving Guidance Line Facility and the right of the Borrower to request Advances under this Agreement shall immediately terminate.

  • Borrower acknowledges and agrees that the interest rate contracted for in the Guidance Line of Credit Note includes the interest rate set forth therein and any other charges, fees, costs and expenses incident to the Guidance Line of Credit paid by Borrower to the extent that the same are deemed interest under applicable law.

  • Borrower, from time to time, may repay the Guidance Line of Credit in whole or in part at any time, without penalty.

  • The parties hereto have caused this Master Guidance Line of Credit Agreement to be executed by their duly authorized officers as of the day and year first written above.

  • The Guidance Line of Credit shall be evidenced by a Promissory Note in the form attached as Schedule 3.A.2 (the "Guidance Line of Credit Note") of Borrower, executed and delivered in the amount of SEVEN MILLION AND NO/100 DOLLARS ($7,000,000.00), payable to Lender upon the terms and conditions contained therein and herein.

  • Eligible Accounts do not include: (i) any Account arising out of labor or materials supplied to an Eligible Aircraft against which funds have been advanced under the Guidance Line of Credit, or (ii) any amounts owed under any Purchase Agreement.

  • Subject to the conditions herein set forth, Lender and Borrower hereby establish the parameters for a guidance line of credit which will at no time exceed SEVEN MILLION AND NO/100 DOLLARS ($7,000,000.00) (the "Guidance Line of Credit").

  • Borrower shall repay to Lender, from time to time: (i) an amount equal to any amount by which the outstanding principal balance of the Guidance Line of Credit exceeds the limits set forth in Paragraph 3.A.1 hereof, (ii) all amounts received by Borrower under any Purchase Agreement, other than an initial down payment to the extent it does not exceed twenty-five percent (25%) of the purchase price, and (iii) any portion of an Advance or Readvance not paid within ninety (90) days of the Advance or Readvance.

  • If access is permitted to the Guidance Line of Credit by Lender, Advances may be made to Borrower, repaid by Borrower (subject to the limitations contained herein), and Readvances made to Borrower upon the same terms and conditions as are required for Advances hereunder, provided that there shall be no Advance or Readvance that would cause the outstanding principal balance of the Guidance Line of Credit to exceed the limitations of Section 3.A.1 hereof.

  • Guidance Line of Credit This Guaranty is in addition to and is not intended to supersede any prior existing Guaranty of Guarantor.