Uncommitted Line definition

Uncommitted Line means the aggregate Uncommitted Line Portions of all the Banks as is set forth on Schedule 2.01 hereto.
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Uncommitted Line shall have the meaning given to such term in the preamble hereto.
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Uncommitted Line means the separate discretionary, uncommitted, unsecured line of credit made available by the Bank to the Funds pursuant to a separate line of credit letter agreement dated on or about the date hereof, as the same may be amended, restated, extended, renewed, replaced or otherwise modified and in effect from time to time.
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Examples of Uncommitted Line in a sentence

  • The provisions of this Section II(9) shall survive the repayment of the Obligations and the termination of the Uncommitted Line and this Agreement.

  • A Borrower on behalf of a Fund may terminate the Uncommitted Line with respect to such Fund upon three (3) days prior written notice and payment of all outstanding principal, interest, fees, costs, expenses and other amounts owing by such Fund to the Bank hereunder on the effective date of termination.

  • The provisions of this Section II(10) shall survive the repayment of the Obligations and the termination of the Uncommitted Line and this Agreement.

  • None of the trustees, officers, employees, agents or shareholders of any Borrower or any Fund assumes any personal liability for the obligations entered into by any Borrower on behalf of any Fund with respect to the Uncommitted Line.

  • The amount set forth in 5(c)(iv) above does not exceed the Uncommitted Line Amount, and the aggregate principal amount of Loans outstanding to all Borrowers on behalf of all Funds under the Agreement (after giving effect to the amount of any requested Loan) does not exceed the Uncommitted Line Amount.

  • As a condition to the effectiveness of this letter agreement, the Borrowers (including the New Borrowers) shall execute and deliver to the Bank an amended and restated promissory note dated as of the date hereof in the original principal amount of $150,000,000 (the “New Note”), which shall amend, restate, supersede and replace the Existing Note and any and all previous promissory notes made by the Borrowers to the order of the Bank in connection with the Uncommitted Line.

  • Notwithstanding the foregoing listed Events of Default and remedies of the Bank arising as a result thereof, nothing contained herein shall be deemed to compromise the discretionary nature of the Uncommitted Line, and each of the Borrowers agrees and understands that the making of any Loan hereunder shall remain in the sole and absolute discretion of the Bank and the Bank shall have no commitment with respect thereto.

  • As a condition precedent to the effectiveness of this letter agreement, the Borrowers shall pay to the Bank a non-refundable fee of $94,200 for closing the renewal of the Uncommitted Line, which fee shall be non-refundable and deemed fully earned by the Bank upon the date of this letter agreement.

  • The Uncommitted Line Portion allocated to each Assignee shall reduce such Uncommitted Line Portion of the assigning Bank pro tanto.

  • The Uncommitted Line shall commence on the date hereof and expire September 18, 2006 (the “Expiration Date”), unless extended in the discretion of the Bank or, with respect to any Fund, terminated by the Borrower on behalf of such Fund as provided herein.


More Definitions of Uncommitted Line

Uncommitted Line has the meaning given to such term in the first introductory paragraph of this Agreement.
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Related to Uncommitted Line

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Credit Line as defined in Section 2.1.

  • Committed Sum means, for any day, the maximum amount a Lender is committed on that day to lend to the Companies (or for their account) on a revolving credit basis pursuant to this Agreement, on its terms and subject to its conditions. From the Effective Date of this Agreement through the Termination Date or such other date (if any) when all or any of them is changed by operation of the provisions of any agreement or Legal Requirement, the Committed Sums for the Lenders are as set forth on Schedule LC, as it may be amended and restated from time to time.

  • Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).