Committed Revolving Line definition

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

Committed Revolving Line means a credit extension of up to Five Million Dollars ($5,000,000).

Committed Revolving Line means a Credit Extension of up to $7,500,000 (inclusive of any amounts outstanding under the Letter of Credit Sublimit).

Examples of Committed Revolving Line in a sentence

• An Unused Facility Fee equal to one quarter of one percent (0.25%) of the difference between the Committed Revolving Line and the average outstanding principal balance of the Obligations, including issued Letters of Credit under the Letter of Credit Sublimit, which fee shall be payable within five (5) days of each calendar quarter and on the Revolving Maturity Date and such fee shall be nonrefundable.

• Subject to the terms and conditions of this Agreement, Bank shall at the request of Borrower make one (1) or more Credit Extensions to or for the account of one (1) or more Portfolio Investments (each, a “Portfolio Investment Advance”) in an aggregate amount not to exceed the amount of the Permanent Committed Revolving Line.

• The aggregate Dollar Equivalent amount utilized for the issuance of Letters of Credit shall at all times reduce the amount otherwise available for Advances under the Committed Revolving Line.

• Interest due on the Non-Formula Committed Revolving Line is payable on the first (1st) day of each month.

• Interest due on the Committed Revolving Line is payable on the first (1st) day of each month.

More Definitions of Committed Revolving Line

Committed Revolving Line means a credit extension of up to Three Million Dollars ($3,000,000).

Committed Revolving Line is an Advance of up to $5,000,000.

Committed Revolving Line means a credit extension of up to ONE MILLION AND NO/100THS Dollars ($1,000,000).

Committed Revolving Line means Credit Extensions of up to $1,000,000.00.

Committed Revolving Line is an Advance of up to $3,000,000.

Committed Revolving Line means a credit extension of up to Ten Million Dollars ($10,000,000).

Committed Revolving Line means a credit extension of up to Four Million Dollars ($4,000,000).