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

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

• Amounts borrowed under the Revolving Line may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein.

• Amounts borrowed hereunder may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein.

• Any amounts Bank pays on behalf of Borrower for any Cash Management Services will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances.

• Bank shall, at its option, charge such interest, all Bank Expenses, and all Periodic Payments against any of Borrower’s deposit accounts or against the Revolving Line, in which case those amounts shall thereafter accrue interest at the rate then applicable hereunder.

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 means a credit extension of up 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 is an aggregate principal amount equal to Ten Million Dollars ($10,000,000).

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).