Line of Credit Loan Amount definition

Line of Credit Loan Amount means One Hundred Million and 00/100 Dollars ($100,000,000.00); provided, however, that the Line of Credit Loan Amount may be increased to a maximum of $150,000,000.00 upon at least thirty (30) days prior written notice from Borrower to Bank, provided that there is not existing any Default and Bank consents to such increase (which consent may be conditioned upon, among other things, the financial condition of the Borrower Consolidated Group at the time of the request for such increase).
Line of Credit Loan Amount means One Hundred Million and 00/100 Dollars ($100,000,000.00); provided, however, that with respect to any Asset Disposition (in a single transaction or a series of related transactions) where the value of the assets so disposed of exceeds ten percent (10%) of the Total Assets of the Borrower Consolidated Group (as of the time of the disposition) (a “Specified Asset”), at Bank's election and upon thirty (30) days' prior written notice to Borrower, Bank may reduce the Line of Credit Loan Amount in an amount (expressed as a percentage) up to the percentage obtained by dividing (x) the value of the Specified Asset by (y) Total Assets of the Borrower Consolidated Group (as of the time of the disposition) (the "Reduction Percentage"); provided, however, if the applicable Member of the Borrower Consolidated Group reinvests the cash consideration received from the disposition of the Specified Asset in a substantially similar asset within 180 days of receipt, the Line of Credit Loan Amount shall be reinstated by an amount (expressed as a percentage) equal to the Reduction Percentage relating to the sale of such Specified Asset.
Line of Credit Loan Amount means One Hundred Million and 00/100 Dollars ($100,000,000.00); provided, however, that with respect to any Asset Disposition (in a single transaction or a series of related transactions) where the value of the assets so disposed of exceeds ten percent (10%) of the Total Assets of the Borrower Consolidated Group (as of the time of the disposition), at Bank's election and upon thirty (30) days' prior written notice to Borrower, Bank may reduce the Line of Credit Loan Amount in an amount up to the value of the assets so disposed of.

Examples of Line of Credit Loan Amount in a sentence

  • Subject to the terms hereof, Bank will lend Borrower, from time to time until the Line of Credit Loan Advancement Termination Date, such amounts which shall not exceed, in the aggregate principal amount at any one time outstanding, the Unused Line of Credit Loan Amount.

  • This Agreement, including the Exhibits hereto, all of which are hereby incorporated herein by reference, and the documents executed and delivered pursuant hereto, constitute the entire agreement between the parties, and may be amended only by a writing signed on behalf of the Borrower Parties and holders of a majority of the Line of Credit Loan Amount and the related rights and obligations under the Loan Documents.

  • Borrower shall on demand immediately repay any amounts outstanding that are in excess of the aggregate of the Maximum Line of Credit Loan Amount.

  • Such loans may be made in excess of the Maximum Line of Credit Loan Amount in the sole discretion of the Bank.

  • My eyesight deteriorated so much though, that I had to give it up and recently retired from being a volunteer at Archives.

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  • Borrower shall on demand immediately repay any amounts outstanding that are in excess of the aggregate of the Maximum Line of Credit Loan Amount and the Maximum Overline Loan Amount.

  • On or before the date of the first advance under the Line of Credit Loan, the Company shall pay to the Bank a one-time origination fee in an amount equal to the product of the original, committed Line of Credit Loan Amount, xxxxxxxxxx xx 0.00% (0.002) (the "Line of Credit Loan Origination Fee").

  • Any fees accrued until the effective date of any reduction of the Line of Credit Loan Amount shall be paid on the effective date of such reduction.

  • Funds advanced under the Overline Loan shall be used to repay to the Bank any amounts by which the Borrowing Base exceeds the Maximum Line of Credit Loan Amount permitted under the Line of Credit Loan.


More Definitions of Line of Credit Loan Amount

Line of Credit Loan Amount means $3,000,000.
Line of Credit Loan Amount means One Hundred Fifty Million and 00/100 Dollars ($150,000,000); provided, however, that with respect to any Asset Disposition (in a single transaction or a series of related transactions) where the value of the assets so disposed of exceeds ten percent (10%) of the Total Assets of the Borrower Consolidated Group (as of the time of the disposition) (a "Specified Asset''), at Bank's election and upon thirty (30) days' prior written notice to Borrower, Bank may reduce the Line of Credit Loan Amount in an amount (expressed as a percentage) up to the percentage obtained by dividing (x) the value of the Specified Asset by (y) Total Assets of the Borrower Consolidated Group (as of the time of the disposition) (the "Reduction Percentage"); provided, however, if the Borrower notifies the Bank prior to, or within 15 Business Days after, such Asset Disposition that the Borrower or such applicable Member of the Borrower Consolidated Group intends to reinvest the cash consideration received from the disposition of the Specified Assets in Additional Asset within 360 days of receipt thereof, the Line of Credit Loan Amount shall not be so reduced unless the Borrower and/or the Borrower Consolidated Group fails to so reinvest such proceeds within such period, in which case, the Line of Credit Loan Amount shall be so reduced by an amount (expressed as a percentage) equal to the amount by which the Borrower and/or the Borrower Consolidated Group has so failed to effect such reinvestment, provided, further, subject to compliance with Section 7.2(C), upon the closing of the Hazlehurst Disposition, Borrower shall pay such Net Cash Proceeds to the Bank in accordance with Section 4.3(C) to be applied as a prepayment of the Loans without a permanent reduction in the Line of Credit Loan Amount.

Related to Line of Credit Loan Amount

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

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

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.