Line of Credit Obligations definition

Line of Credit Obligations means all indebtedness or other obligations incurred by Borrower or any other Company to the Line of Credit Lenders pursuant to the Line of Credit Documents, whether for principal, interest, fees, costs or indemnities, and whether now existing or hereafter arising.
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Line of Credit Obligations means all Indebtedness or other obligations incurred by Borrower to the Line of Credit Lenders arising under the Line of Credit Documents, whether for principal, interest, fees, costs or indemnities (including the aggregate undrawn face amount of issued and outstanding letters of credit and draws made on letters of credit that have not been reimbursed ("Other Letter of Credit Obligations"), and whether now existing or hereafter arising; provided, however, that, the principal amount owing to any Line of Credit Lender (other than with respect to Hedge Agreement Obligations) (plus any Other Letter of Credit Obligations) shall not exceed the amount set forth opposite such Line of Credit Lender's name on Schedule 3 hereto.
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Line of Credit Obligations means, at any time, all outstanding and/or accrued principal, interest, fees, expenses and other charges then outstanding under the Line of Credit Documents.
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Examples of Line of Credit Obligations in a sentence

  • The Credit Agreement is hereby amended to replace Schedule 4 (Line of Credit Obligations) thereto with Schedule 4 attached hereto.

  • She asked if some of the mechanistic knowledge could be developed into screens for new drugs.

  • The Parties hereby acknowledge that the security interest and liens granted to the Collateral Agent in the Collateral (except with respect to the IRB Collateral) pursuant to the Security Documents secure, first and foremost, the Seasonal Line of Credit Obligations and, second and subordinate, but equally and ratably, the Bank Obligations, the Note Obligations, and the Old Kent L/C Obligations.

  • The Borrowers' Working Capital Line of Credit Obligations with respect to direct loan advances may be prepaid under the terms of the Working Capital Line of Credit Promissory Note and must be prepaid from Proceeds of Receivables received by any Borrower, as provided in the Working Capital Line of Credit Promissory Note.

  • In the event that the Expiry Date of any Standby Letter of Credit occurs after the Termination Date, the Borrowers will be obligated to prepay all of their Working Capital Line of Credit Obligations relating to such Standby Letter of Credit on the day immediately preceding the Termination Date.

  • Each of the parties hereto consents to the replacement of Schedule 4 (Line of Credit Obligations) to the Existing Credit Agreement with Schedule 4 attached to this Agreement and that the indebtedness listed on such Schedule 4 shall constitute Line of Credit Obligations, as defined in the Existing Credit Agreement.

  • Pursuant to Sections 6.01(f) and 6.12 of the Loan Agreement, the Lender hereby consents to (a) an increase in the maximum permitted principal amount of Line of Credit Obligations from $2,000,000 to $3,000,000, and (b) the extension of the maturity date of the Line of Credit Documents and maturity of the principal of the Line of Credit Obligations through December 31, 2009.

  • Other financial assets that do not have an active market and whose fair value cannot be measured reliably are presented using the amortised cost method.

  • Notwithstanding the foregoing, TeamCo shall not increase the total cost of tickets to preseason and regular season Team Games for the Seat(s) for the second and third NFL seasons during which Team Games are played at the Stadium from the total cost charged for tickets to preseason and regular season Team Games for the Seat(s) the first NFL season during which Team Games are played at the Stadium.

  • All of your Line of Credit Obligations shall be due and payable in full on such date.


More Definitions of Line of Credit Obligations

Line of Credit Obligations means, with respect to the Borrower, any payment, performance or other obligation of the Borrower hereunder or under any other Financing Agreement, including, without limitation, any such liability of the Borrower, whether or not reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured. Without limiting the generality of the foregoing, the Line of Credit Obligations of the Borrower under the Financing Agreements include (a) the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by the Borrower under any Financing Agreement and (b) the obligation of the Borrower to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of the Borrower.
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Line of Credit Obligations means, as of any date, the principal amount of all WIP Advances then outstanding together with accrued but unpaid interest thereon at the Applicable Rate; earned but unpaid Processing Fees; and any and all of your other liabilities, obligations and indebtedness to us, of every kind and nature, arising under or in respect of the Line of Credit, the WIP Advances, the Master Note, or this Addendum.
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Related to Line of Credit Obligations

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Credit Obligations means all principal, interest, fees, reimbursements, indemnifications, and other amounts now or hereafter owed by the Borrower to the Agent and the Banks (or with respect to the Interest Hedge Agreements, any Affiliates of the Banks) under this Agreement, the Notes, the Letter of Credit Documents, and the other Credit Documents and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those obligations.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Obligation means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date.

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

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Letters of Credit Outstanding means, at any time, the sum of, without duplication, (a) the aggregate Stated Amount of all outstanding Letters of Credit and (b) the aggregate principal amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Letter of Credit Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

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

  • Revolving Advances means Advances made other than Letters of Credit.

  • Letter of Credit Outstandings means, at any time, the sum of, without duplication, (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Limit means $5,000,000.

  • 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 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.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Credit Line as defined in Section 2.1.

  • Swing Line Obligations means, as at any date of determination, the aggregate principal amount of all Swing Line Loans outstanding.

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

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

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