Line Amount definition

Line Amount means $5,000,000.00.

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Line Amount shall have the meaning assigned to such term in Section 2.01(b-1) hereof.

Line Amount the Line Amount set forth on “Schedule A.”

Examples of Line Amount in a sentence

• Line No.: Commodity Code: Quantity: Unit of Measure: Unit Cost: Description: MA Line No. Accounting Line: Amount: Comm.

• Any reduction in the Maximum Line Amount shall be in multiples of $100,000, and with a minimum reduction of at least $500,000.

• The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount.

• Each of the Borrowers, on behalf of each of its respective Funds having Loans outstanding at any time, further covenants and agrees that it shall make such repayments of the Loans outstanding to each such Fund at any time to the extent required such that the then outstanding aggregate principal amount of all Loans to all Funds hereunder shall at no time exceed the Committed Line Amount upon the earlier to occur of such Borrower first becoming aware of any such circumstance or demand by the Bank.

• Each of the Borrowers, on behalf of its respective Funds, shall pay to the Bank its ratable portion (calculated in accordance with Section I.5(c) above) of commitment fee accruing at the rate of 0.20% per annum on the unused portion of the Committed Line Amount.

• As a condition precedent to the effectiveness of this letter agreement, the Borrowers shall pay to the Bank on the date of this letter agreement a non-refundable fee equal to 0.05% of the Committed Line Amount, which fee shall be fully earned by the Bank upon the date of this letter agreement.

• For the purposes of this Section 2.7(b), “Unused Amount” means the Maximum Line Amount reduced by outstanding Revolving Advances and the L/C Amount.

• If the Borrower terminates the Credit Facility or reduces the Maximum Line Amount to zero, all Indebtedness shall be immediately due and payable, and if the Borrower gives the Lender less than the required 90 days advance written notice, then the interest rate applicable to borrowings evidenced by Revolving Note shall be the Default Rate for the period of time commencing 90 days prior to the proposed Termination Date through the date that the Lender actually receives such written notice.

• The amount set forth in 5(c)(iv) above does not exceed the Uncommitted Line Amount, and the aggregate principal amount of Loans outstanding to all Borrowers on behalf of all Funds under the Agreement (after giving effect to the amount of any requested Loan) does not exceed the Uncommitted Line Amount.

• The Borrowers shall pay to the Bank a commitment fee at the rate of 0.25% per annum on the unused portion of the Committed Line Amount.

More Definitions of Line Amount

Line Amount as of August 8, 2024 means $15,000,000.00.

Line Amount means initially $10,000,000, which amount may be increased up to $17,500,000 at the election of Lender and must be increased to the extent Lender is obligated to increase the amount of Advances to pay Operating Costs in accordance with Section 5.10 of the Investment Agreement.

Line Amount means the maximum borrowings permitted under a Line which shall not exceed the Ceiling Amount;

Line Amount means (a) with respect to Chula Vista Borrower, $17,500,000 and (b) with respect to Escondido Borrower, $8,500,000.

Line Amount means Twenty Million Dollars ($20,000,000.00); provided however, that if Borrowers fail to consummate the Secondary Offering on or before December 31, 1996, the Line Amount shall automatically reduce to Fifteen Million Dollars ($15,000,000.00).

Line Amount as of November 14, 2022 means $15,000,000.00.