Revolving Line of Credit definition

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.

Revolving Line of Credit means the commitment of CIT to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $35,000,000.

Revolving Line of Credit has the meaning ascribed to such term in Section 2.1(a)(i).

Examples of Revolving Line of Credit in a sentence

• This Revolving Line of Credit will be maintained by us until issuance of “Acceptance Certificate” by the Procuring Entity.

• This Revolving Line of Credit will be maintained by us until [Insert “Initial Contract Period”] months by the Procuring Entity.In witness whereof, authorised representative of the Bank has hereunto signed and sealed this Letter of Commitment.

• This Revolving Line of Credit will be maintained by us until issuance of “Completion Certificate” by the Procuring Entity.

• This Revolving Line of Credit will be maintained by us until Completion of Contract by the Procuring Entity.In witness whereof, authorised representative of the Bank has hereunto signed and sealed this Letter of Commitment.

• This Revolving Line of Credit will be maintained by us until issuance of “Taking-Over Certificate” by the Procuring Entity.

More Definitions of Revolving Line of Credit

Revolving Line of Credit means the revolving line of credit established by the Lenders under SECTION 3.1(a) hereof.

Revolving Line of Credit means the aggregate revolving line of credit extended pursuant to this Credit Agreement by the Revolving Lenders to the Borrowers for Revolving Loans and Letters of Credit, in an aggregate principal amount at any time of up to $95,000,000, as such amount may be reduced from time to time pursuant to the terms and provisions hereof.

Revolving Line of Credit means the revolving line of credit made available by Bank to Borrower pursuant to Section 2.1 hereof.

Revolving Line of Credit means the revolving line of credit described in Section 2.1 hereof and all renewals, extensions, modifications, amendments, restatements and substitutions thereof or therefor.

Revolving Line of Credit means an open end revolving loan that is established pursuant to a written agreement between a borrower and a lender in which the lender agrees to lend the borrower money on a continuing basis for as long as the outstanding principal amount owed by the borrower does not exceed a specified amount.

Revolving Line of Credit means the revolving line of credit established by the Lender in favour of the Corporation and CNI as more particularly described in Item 2.9.3 herein.

Revolving Line of Credit means a type of credit where loan advances are made for eligible purposes and where repaid principal deposited back into the sub-fund can be re-borrowed.