Revolving Line definition

Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).
Revolving Line is an Advance or Advances in an amount equal to Twenty-Five Million Dollars ($25,000,000).
Revolving Line means a credit extension of up to Five Million Dollars ($5,000,000).

Examples of Revolving Line in a sentence

  • Subject to Bank’s right to maintain a reserve pursuant to Section 5.4(d), all amounts received in the Cash Collateral Account shall be (i) when a Streamline Period is not in effect, applied to immediately reduce the Obligations under the Revolving Line (unless Bank, in its sole discretion, at times when an Event of Default exists, elects not to so apply such amounts), or (ii) when a Streamline Period is in effect, transferred on a daily basis to Borrower’s operating account with Bank.

  • The Revolving Line terminates on the Revolving Line Maturity Date, when the outstanding principal amount of all Advances, the accrued and unpaid interest thereon, and all other outstanding Obligations relating to the Revolving Line shall be immediately due and payable.

  • Amounts borrowed under the Revolving Line may be prepaid or repaid as set forth on Schedule I hereto.

  • If, at any time, the aggregate outstanding principal amount of any Advances, exceeds the lesser of (a) the Revolving Line or (b) the Borrowing Base, Borrower shall immediately pay to Bank in cash the amount of such excess (such excess, the “Overadvance”).

  • By: /s/ Xxxxx Xxxxxxxx Name: Xxxxx Xxxxxxxx Title: Chief Financial Officer BANK: FIRST-CITIZENS BANK & TRUST COMPANY By: /s/ Xxxxxxx Xxxxx Name: Xxxxxxx Xxxxx Title: Managing Director SCHEDULE I LSA PROVISIONS LSA Section LSA Provision 1.1(a) – Revolving Line – Availability Amounts borrowed under the Revolving Line may be prepaid or repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein.


More Definitions of Revolving Line

Revolving Line is an Advance or Advances in an amount equal to Five Million Dollars ($5,000,000).
Revolving Line means a credit extension of up to Three Million Dollars ($3,000,000).
Revolving Line is an aggregate principal amount equal to Ten Million Dollars ($10,000,000).
Revolving Line is an Advance or Advances in an amount equal to Fifteen Million Dollars ($15,000,000).
Revolving Line means a credit extension of up to Fifteen Million Dollars ($15,000,000).
Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).
Revolving Line is an aggregate principal amount equal to Twenty Million Dollars ($20,000,000).