Line of Credit Advance definition

Line of Credit Advance has the meaning given in Section 2.1(a).

Line of Credit Advance means each advance of principal under the Note made by the Lender to or for the benefit of Borrower pursuant to a Request for Advance or otherwise.

Line of Credit Advance means a draw on the Line of Credit by submission of Request for Line of Credit Advance or Letter of Credit for which a Line of Credit Advance is marked on said Request. An Advance resulting on a draw on a Letter of Credit is not a Line of Credit Advance.

Examples of Line of Credit Advance in a sentence

• For Line of Credit accounts, the interest rate will be set forth on the Line of Credit Advance Disclosure.

• At the time of your initial Line of Credit advance, you will receive Personal Line of Credit Advance Disclosures which will contain specific disclosures regarding your approved credit limit, payment terms, and security related to the account.

• Any loan or advance shall be conclusively presumed to have been made under the terms of the Line of Credit Advance to or for the benefit of the Borrower when made in accordance with the terms of this Agreement, or when said advances are deposited to the credit of the account of the Borrower with the Lender regardless of the fact that persons other than those authorized hereunder may have authority to draw against such account.

• If a draft is submitted under a Letter of Credit when Borrower is unable, because a Default Period exists or for any other reason, to obtain a Line of Credit Advance to pay the Obligation of Reimbursement, Borrower shall pay to Bank on demand and in immediately available funds, the amount of the Obligation of Reimbursement together with interest, accrued from the date of the draft until payment in full at the Default Rate.

• Borrower’s request for a Line of Credit Advance or the issuance of a Letter of Credit at any time after such notice is given and such five (5) day period has elapsed shall constitute Borrower’s agreement to pay the fees described in such notice.Section 2.7. Increased Costs; Capital Adequacy; Funding Exceptions.(a) Increased Costs; Capital Adequacy.

More Definitions of Line of Credit Advance

Line of Credit Advance means any advance by the Bank under the Line of Credit Commitment. "Line of Credit Commitment" shall have the meaning assigned to it in Section 2.01(b).

Line of Credit Advance means an advance to the Client by the Bank pursuant to the line of credit agreement and/or promissory note(s) delivered to the Bank by the Client pursuant to this Agreement.

Line of Credit Advance means a group of Line of Credit Loans of a single Type made by the Banks on a single date and as to which a single.

Line of Credit Advance. PERIOD: Capital America will agree to make Advances under the Facility, subject to the terms and conditions described herein, for a period of 18 months, unless Borrower exercises the Extension Option described below, in which case Capital America will agree to make Advances under the Facility for a period of 24 months.

Line of Credit Advance means a borrowing requested by Company and made by Line of Credit Banks under Section 2.A.1 of this Agreement.

Line of Credit Advance means the agreement of Lender to make available to Borrower from time to time until the Line of Credit Commitment Termination Date, on a non-revolving basis, one or more advances under the Line of Credit Loan.

Line of Credit Advance or "Line of Credit Advances" shall mean, individually and collectively as appropriate, any or all advances made under the Line of Credit.