Line of Credit Limit definition

Line of Credit Limit shall have the meaning given the term in Section 2.1.a.
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Line of Credit Limit means Two Million and 00/100 ($2,000,000.00) Dollars.
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Line of Credit Limit means One Million Dollars ($1,000,000).
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Examples of Line of Credit Limit in a sentence

  • Borrower agrees that Borrower will not permit the outstanding balance under the Line of Credit to exceed the Line of Credit Limit.

  • Borrower may use the Line of Credit by borrowing, repaying and reborrowing; provided however, that at no time shall the aggregate principal amount outstanding under the Line of Credit exceed the Line of Credit Limit.

  • Borrower agrees that Borrower will not permit the outstanding balance under the Line of Credit to exceed the Line of Credit Limit unless Borrower increases the Restricted Cash Deposit by an amount equal to the sum that would otherwise be overadvanced, in which case Borrower shall have the right to borrow an amount in excess of the Borrowing Base but not more than $30,000,000.00.

  • The Borrower and Lender agree that the Borrower may request an advance of all or part of the Line of Credit Limit.

  • If payment is not received within ten (10) Business Days after the due date shown on the billing statement, Borrower authorizes Bank to charge the Line of Credit for the amount of the interest due for the preceding month so long as such charge does not cause the outstanding principal balance to exceed the Line of Credit Limit or the Borrowing Base, whichever is less.


More Definitions of Line of Credit Limit

Line of Credit Limit means $100,000,000.”
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Line of Credit Limit means $7,000,000, subject to reduction by the U.S. Borrower pursuant to Section 2.1.1.
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Line of Credit Limit means $150,000,000.”
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Line of Credit Limit means $500,000.00, which includes any accrued and unpaid interest due on the Line of Credit.
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Line of Credit Limit means $50,000,000.
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Line of Credit Limit means: (A) the lesser of: (a) the Line of Credit Cap, or (b) an amount equal to the sum of: (i) an amount equal to 80% of Eligible Accounts Receivable, less: (1) a Six Hundred Thousand and 00/100 Dollar ($600,000.00) static reserve, and (2) the Collateral Reserve, plus (ii) an amount equal to the lesser of: (1) Fifteen Million and 00/100 Dollars ($15,000,000.00), or (2) an amount equal to 50% of Qualified Inventory, exclusive of Truck Chassis Inventory, plus (iii) an amount equal to the lesser of: (1) the Truck Chassis Inventory Cap, or (2) an amount equal to 50% of Truck Chassis Inventory, minus (B) principal amounts outstanding under the Swing Line of Credit.
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Line of Credit Limit means Fifty Million Dollars ($50,000,000).
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