Line Balance definition

Line Balance means the principal balance of the Revolving Credit Line outstanding from time to time.
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Examples of Line Balance in a sentence

  • Borrower agrees to pay interest on the Line Balance from time to time as provided herein.

  • The Line Balance will be due and payable in full at the maturity of the Line Note, which will be the Termination Date, subject to acceleration upon the occurrence of an Event of Default.

  • SECTION 6: The Board may also designate any other entity to hold funds or title to Trust property for any purposes necessary to further the intent of the Trust.

  • After the occurrence of an Event of Default or after maturity or any acceleration of maturity of the Line Note, at Bank's option, the interest rate applicable to any Advance or the Line Balance may be increased as provided in the Line Note and Borrower agrees to pay any such increased interest.

  • We determine your Balance Subject to Interest Rate by using the dates and balances provided in the Reserve Line Balance Summary section of your monthly statement.

  • In addition, any portion of the Line Balance, which exceeds the Maximum Amount, will be due and payable on demand.

  • Borrower executed and delivered to Lender its Credit Agreement dated July 18, 2012 with a Maximum Line Balance in the original principal amount of $1.0 million (the “Credit”).

  • The Line Balance will be due and payable in full at the maturity of the Line Note, which will be December 16, 2001 subject to acceleration upon the occurrence of an Event of Default.

  • E.3 No debts shown in the Base Line Balance Sheet will, if all appropriate collection action is taken, be realisable at less than their book value, subject to bad debt provisions reflected on the Base Line Balance Sheet in accordance with Racal's policy, practices and judgments referred to in warranty A.1.

  • Borrower agrees to pay interest on the Line Balance as provided herein.

Related to Line Balance

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • Participation Amount as defined in Section 3.4(b).

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.