Line of Credit Facility definition

Line of Credit Facility means the facility described in Section 2.1(b) providing for Line of Credit Loans to the Borrower by the Lenders in the original principal amount of the Total Line of Credit Commitment.

Line of Credit Facility means the line of credit Facility as described in Article 1 hereof.

Line of Credit Facility shall have the meaning set forth in Section 2.1(a).

Examples of Line of Credit Facility in a sentence

• Interest under the Line of Credit Facility will be calculated, accrued, imposed and payable on the basis of a 360-day year for the actual number of days elapsed.

• If renewal of security, give date of original issue: The date of original issue of the Line of Credit Facility is November 14, 2000.

• Principal amount of each security: The principal amount outstanding under the Line of Credit Facility will vary over time as borrowings are made and letters of credit are issued thereunder, but shall not exceed in the aggregate $30 million.

• For a detailed description of the Line of Credit Facility, eligibility criteria for sub- borrowers, sub-projects, and other details related to operation of lines of credit, see Annex 2.

• Judgment of 20 December 1993, Municipalité de Khoms El Mergeb v Société Dalico, 1994 Rev Arb 116, 117 (French Cour de cassation civ 1e).

More Definitions of Line of Credit Facility

Line of Credit Facility means the $125,000,000.00 credit facility governed by that certain Amended and Restated Credit Agreement dated as of November 1, 1997 among Borrower, Manager, the lenders named therein, Keybank National Association, Bankers Trust Company, and National City Bank, as amended, restated, replaced, supplemented or otherwise modified, and as more specifically described on Schedule 1.1 hereto.

Line of Credit Facility means a credit facility with a principal amount of not more than $12,000,000, which is secured by cash in an amount not to exceed the outstanding indebtedness thereunder, up to an aggregate maximum of $12,000,000, all on terms and conditions reasonably satisfactory to the Agent. Loan Documents shall mean this Agreement, the Guaranty Agreement, the Lockbox Agreement, the Note Pledge Agreement, the Intercompany Subordination Agreement, the Notes, the Pledge Agreement, the Security Agreement and any other instruments, certificates or documents delivered or contemplated to be delivered hereunder or thereunder or in connection herewith or therewith, as the same may be supplemented or amended from time to time in accordance herewith or therewith, and Loan Document shall mean any of the Loan Documents.

Line of Credit Facility. (the ' "A" Line of Credit') shall be available, for a period of one (1) year from Closing up to a total aggregate of Ten Million US Dollars ($10,000.000.00) for issuance of Standby Letters of Credit for the benefit of Borrower and or any Guarantor, as follows:

Line of Credit Facility a one-year secured line of credit facility pursuant to this Agreement, including the extensions of Credit Line Loans made hereunder.

Line of Credit Facility means one or more credit facilities, whether existing on the date hereof or entered into after the date hereof, between a Subsidiary of the Company and the applicable lender thereunder (the “Line of Credit Lender”), the proceeds of which are used for such Subsidiary’s working capital purposes. “Line of Credit Facilities” is the collective terms used for the Line of Credit Facility of all of the Subsidiaries. The parties acknowledge and agree that the Lighthouse Facility is, as of the date hereof, a Line of Credit Facilitiy.

Line of Credit Facility shall be a non-revolving line of credit in the Line of Credit Facility Amount. The Borrower shall also be entitled to request Letters of Credit to be issued under the Line of Credit Facility.

Line of Credit Facility means the corporation’s line of credit facility, the terms of which are set forth in that certain Line of Credit Agreement, dated August 30, 2005, between the corporation