DESCRIPTION OF THE LINE definition

DESCRIPTION OF THE LINE. The loans provided under the Line will be evidenced by a Revolving Promissory Note in the maximum principal sum of $500,000 (the "Note"). Sums due pursuant to the Note will bear interest at the rate of 8% per annum. The Line shall be payable by the application of the proceeds of the accounts receivable of the Company as and when same are collected by the Company. Accrued interest on the outstanding principal balance will be paid quarterly. The Note will mature on August 17th, 2007 on which date all unpaid principal and interest will be due and payable. Advances under the Line will be made by Xxx in his discretion. The Company may prepay, in whole or in part, at any time, any sums outstanding under the Line without premium or penalty, and the Company may reborrow on a revolving basis sums up to the maximum amount of the Line. The initial draw shall occur on September 27, 2006 and shall be in the amount of $225,000.00.

Examples of DESCRIPTION OF THE LINE in a sentence

  • DESCRIPTION OF THE LINE NSR indicates that the rail line between milepost TP 0.0 and milepost TP 24.51 was built around 1903 by the Imboden & Odell Railroad Company.

  • DESCRIPTION OF THE LINE 20 FACILITIES AND RELATED FACILITIES NOVA Inc.

Related to DESCRIPTION OF THE LINE

  • DESCRIPTION OF WORK [INSERT] SUBMISSION DEADLINE: [INSERT] APPROXIMATE SPECIFICATIONS: [ ] words; [ ] pages; [ ] images/drawings/figures

  • School of cosmetology means an establishment operated for the purpose of teaching cosmetology.

  • Perimeter means the fenced or walled area of the institution that restrains the movement of the inmates.

  • Service Descriptions means user manuals and other documentation relating to the Services that are made available to Customer by Provider in digital or hardcopy form, as updated from time to time.

  • Automobile Headliner Adhesive means an aerosol adhesive designed to bond together layers in motor vehicle headliners.

  • Outdoor cultivation means the cultivation of mature cannabis without the use of artificial lighting or light deprivation in the canopy area at any point in time. Artificial lighting is permissible only to maintain immature plants outside the canopy area.

  • Disruption of the educational process means the interruption of classwork, the creation of disorder, or the invasion of the rights of a student or group of students.

  • Serialization within the enterprise identifier means each item produced is assigned a serial number that is unique among all the tangible items produced by the enterprise and is never used again. The enterprise is responsible for ensuring unique serialization within the enterprise identifier.

  • Customer Responsibilities means the responsibilities of the Customer set out in paragraph 6.1 of the Order Form;

  • Service Description means pre-defined descriptions of services found at http://www.sap.com/servicedescriptions current as of the effective date of the Order Form which in conjunction with a Scope Document (if any) defines the Services to be provided and becomes part of the Order Form.

  • Safeguarding and promoting the welfare of children means: • Protecting children from maltreatment• Preventing impairment of children’s mental or physical health or development• Ensuring that children grow up in circumstances consistent with the provision of safe and effective care• Taking action to enable all children to have the best outcomes

  • Spatial Planning and Land Use Management Act means the Spatial Planning and Land Use Management Act, 2013 (Act 16 of 2013);

  • Scope of Services or “Scope of Work” means the work to be performed by the Proposer or Consultant as described in Section 2.0 of this RFP, as amended thereto.

  • Debilitating medical condition means one or more of the following:

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.

  • Complex or chronic medical condition means a physical,

  • Substance use disorder professional means a person

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • Customer relationship means a continuing relationship between a consumer and a licensee under which the licensee provides one or more insurance products or services to the consumer that are to be used primarily for personal, family or household purposes.

  • Bed and breakfast establishment means any establishment (i) having no more than 15 bedrooms;

  • Empowerment Neighborhoods means neighborhoods designated by the Urban Coordinating Council “in consultation and conjunction with” the New Jersey Redevelopment Authority pursuant to N.J.S.A 55:19-69.

  • Soil texture means proportion by weight of sand, silt, and clay in a soil.

  • Complications of Pregnancy means conditions whose diagnoses are distinct from pregnancy but are adversely affected by pregnancy or are caused by pregnancy. These conditions include acute nephritis, nephrosis, cardiac decompensation, missed abortion and similar medical and surgical conditions of comparable severity. Complications of pregnancy also include nonelective cesarean section, ectopic pregnancy which is terminated and spontaneous termination of pregnancy, which occurs during a period of gestation in which a viable birth is not possible.

  • Accessory structure means a structure that is accessory and incidental to a dwelling located on the same lot.

  • footpath means a road over which there is a public right of way for pedestrians only, not being a footway;

  • General Conditions means the “International Development Association General Conditions for Credits and Grants”, dated July 1, 2005 (as amended through October 15, 2006).