Line of Credit definition

Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

Line of Credit means the credit facility described as such in Section 2.

Line of Credit means a type of Loan product that typically incorporates features that give the relevant Borrower options to, among other things, make further drawings on the Loan account;

Examples of Line of Credit in a sentence

• If there is a conflict, the terms in the Approval Letter, Debt Consolidation Plan Application form and these Terms and Conditions shall prevail over the HL Bank Standard Terms and Conditions Governing Revolving Credit Facility (Line of Credit), General Banking Standard Terms and Conditions Governing Accounts and (where applicable) Terms & Conditions for HLB Connect Internet Banking Services.

• By using such service you expressly authorize us to honor all checks for payment of money drawn on your account bearing the words “Signature on File.” If you sign up for our online banking service, you understand and agree that all persons listed as joint owners on your share account shall have unlimited access to all sub-accounts established under your membership number; including but not limited to any existing checking account, Visa Credit Card Account, Home Equity Line of Credit, etc.

• The City will notify the HUD field office in order to update the budget in HUD’s Line of Credit Control System (LOCCS).

• All advances on your Line of Credit Accounts are subject to any minimum draw and other transaction requirements contained in the applicable Account agreements.

• Consistent with 2 CFR Part 200, HUD will disburse all GRRP Grant funds through the Line of Credit Control System (eLOCCS), unless and until another payment system is designated by HUD.

More Definitions of Line of Credit

Line of Credit has the meaning set forth in Section 1.1(a).

Line of Credit as defined in Section 2.1.

Line of Credit is defined in the Recitals.

Line of Credit shall have the meaning given the term in Section 2.1.a.

Line of Credit has the meaning ascribed thereto in Section 2.1(a) hereof.

Line of Credit means, with the aggregate commitment of the Lenders in an amount equal to $300,000,000 to (a) make Revolving Loans pursuant to Section 3 of this Financing Agreement, and (b) assist any Company in opening Letters of Credit and/or Bankers Acceptances pursuant to Section 5 of this Financing Agreement.

Line of Credit means the line of credit established under Section 2.1 of this Agreement.