Line of Credit Loan Commitment definition

Line of Credit Loan Commitment means as to any Lender, such Lender’s obligation to make Line of Credit Loans up to its Pro Rata Percentage of $250,000,000, as set forth opposite such Lender’s name under the heading “Line of Credit Loan Commitments” on Exhibit 1A, subject to Assignments and Acceptances executed and delivered in accordance with Section 13.23, and as such amount may be reduced or terminated from time to time pursuant to Section 4.5 or 11.1; and “Line of Credit Loan Commitments” means, collectively, the Line of Credit Loan Commitments for all the Lenders.

Line of Credit Loan Commitment means (i) for all Lenders, $75,000,000.00; and (ii) as to any Lender, its obligation to make Revolving Loans hereunder on its Pro Rata Part of the Line of Credit and purchase its Pro Rata Part of participations in Letters of Credit issued hereunder by the Agent in amounts not exceeding an amount equal to its Commitment Percentage times the Line of Credit Loan Commitment in existence at the time of determination.

Line of Credit Loan Commitment means as to any Lender, such Lender’s Pro Rata Percentage of $140,000,000, as set forth opposite such Lender’s name under the heading “Line of Credit Loan Commitments” on Exhibit 1A, subject to Assignment and Acceptance in accordance with Section 13.23, and as such amount may be reduced or terminated from time to time pursuant to Sections 4.4 or 11.1; and “Line of Credit Loan Commitments” means, collectively, the Line of Credit Loan Commitments for all the Lenders.

Examples of Line of Credit Loan Commitment in a sentence

• The obligations of the Lenders under the Line of Credit Loan Commitment are several and not joint.

• Subject to the terms and conditions of this Agreement, each Lender agrees severally (a) to make its Pro Rata Part of Revolving Loans to the Borrower during the period from the date hereof until the Termination Date, by making Revolving Loans under the Line of Credit to the Borrower from time to time; provided, however, that at no time shall the sum of the aggregate principal amount of such Revolving Loans to the Borrower at such time outstanding exceed the Line of Credit Loan Commitment.

• Subject to Section 7 of this Fifth Supplement, under the Revolving Line of Credit Loan Commitment amounts borrowed and repaid or prepaid may be reborrowed at any time prior to and including the Revolving Line of Credit Loan Termination Date.

• The Revolving Loan shall be evidenced by the Revolving Notes in the aggregate face amount of the Line of Credit Loan Commitment.

• In the event that Lender chooses to honor a draft which exceeds the limits as set forth in this Section 6(d)(ii), Borrower shall repay all the amounts by which the Outstanding Revolving Advances exceed the Borrowing Base or the Revolving Line of Credit Loan Commitment, whichever is less, plus interest and a reasonable overdraft fee, upon demand by Lender.

More Definitions of Line of Credit Loan Commitment

Line of Credit Loan Commitment means, as to any Lender with a Line of Credit Loan Commitment, such Lender’s Pro Rata Percentage of $15,000,000, as set forth opposite such Lender’s name under the heading “Line of Credit Loan Commitments” on Schedule A, subject to Assignment and Acceptance in accordance with Section 10.23, and as such amount may be reduced or terminated from time to time pursuant to Sections 2.3(c), 2.8 or 9.1; and “Line of Credit Loan Commitments” shall mean collectively, the Line of Credit Loan Commitments for all Lenders.” “ ‘Merger’ means that certain merger of the Borrower with and into a wholly-owned subsidiary of Green Plains Renewable Energy, whereby the Borrower became a wholly-owned subsidiary of Green Plains Renewable Energy on or about October 22, 2010.” “ ‘Support and Subordination Agreement’ means that certain Support and Subordination Agreement dated as of October 22, 2010 among the Borrower, Green Plains Renewable Energy and the Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time.” “ ‘Support Contribution’ has the meaning set forth in the Support and Subordination Agreement.”

Line of Credit Loan Commitment means as to any Lender (i) from May 4, 2005 through November 4, 2005, such Lender’s Pro Rata Percentage of $220,000,000, and (ii) after November 4, 2005, such Lender’s Pro Rata

Line of Credit Loan Commitment means (i) for all Lenders, the lesser of $100,000,000.00 or the sum of the Facility A Borrowing Base Amount and the Facility B Borrowing Base Amount; and (ii) as to any Lender, its obligation to make Advances hereunder on its Pro Rata Part of the Line of Credit and purchase its Pro Rata Part of participations in Letters of Credit and/or Hedge Related Letters of Credit issued hereunder by the Agent in amounts not exceeding an amount equal to its Commitment Percentage times the Line of Credit Loan Commitment in existence at the time of determination.

Line of Credit Loan Commitment has the meaning specified in Section 2.1(a).

Line of Credit Loan Commitment means the commitment of each Bank to make the Line of Credit Loans as set forth in Section 2.4.6.

Line of Credit Loan Commitment means Thirty Million Dollars ($30,000,000), as such amount may be reduced or terminated from time to time pursuant to Sections 2.8 or 9.1.

Line of Credit Loan Commitment means the committed amount of the line of credit facility established by the Bank in favor of Borrower in the amount not exceeding, and upon the terms described in, this Agreement.