Reserve Line definition
Examples of Reserve Line in a sentence
You may apply for a Cash Reserve Line of Credit for an eligible Checking Account.
Ready Cash Reserve Line A line of credit that is attached to a checking or Money Market Account which can be used to prevent Overdraft or return Item fees.
Good Account Management $0 Overdraft Protection Transfer 2 $0 Ready Cash Reserve Line 3 15.9% APR 4 Overdraft Fee $20.00 Returned Item Fee $20.00 1 See fee disclosures below.
Such drawing shall be in addition to any Interest Reserve Line Item advanced under the Project Loan pursuant to Section 2.14.10 hereof.
Notwithstanding the requirements contained in Section 2.10, Section 2.11 and Section 2.12, and provided that no Event of Default shall have occurred, Lender shall make an Advance on each Payment Date during the Construction Term from the Interest Reserve Line Item, if and to the extent funds remain available under such line item, to pay interest then due under the Note.