Line of Credit Obligations definition

Line of Credit Obligations means all indebtedness or other obligations incurred by Borrower or any other Company to the Line of Credit Lenders pursuant to the Line of Credit Documents, whether for principal, interest, fees, costs or indemnities, and whether now existing or hereafter arising.
Sample 1Sample 2Sample 3
Line of Credit Obligations means, with respect to the Borrower, any payment, performance or other obligation of the Borrower hereunder or under any other Financing Agreement, including, without limitation, any such liability of the Borrower, whether or not reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured. Without limiting the generality of the foregoing, the Line of Credit Obligations of the Borrower under the Financing Agreements include (a) the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts payable by the Borrower under any Financing Agreement and (b) the obligation of the Borrower to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of the Borrower.
Sample 1
Line of Credit Obligations means all Indebtedness or other obligations incurred by Borrower to the Line of Credit Lenders arising under the Line of Credit Documents, whether for principal, interest, fees, costs or indemnities (including the aggregate undrawn face amount of issued and outstanding letters of credit and draws made on letters of credit that have not been reimbursed ("Other Letter of Credit Obligations"), and whether now existing or hereafter arising; provided, however, that, the principal amount owing to any Line of Credit Lender (other than with respect to Hedge Agreement Obligations) (plus any Other Letter of Credit Obligations) shall not exceed the amount set forth opposite such Line of Credit Lender's name on Schedule 3 hereto.
Sample 1

Examples of Line of Credit Obligations in a sentence

  • The Working Capital Line of Credit ------------------------- Obligations shall exceed the Receivables Collateral Value, and the Borrowers shall fail to either reduce the outstanding Working Capital Line of Credit Obligations or satisfy the Bank that the Receivables Collateral Value will be increased, within five (5) Business Days after written notice thereof shall have been given to Production Group International, Inc.

  • The Borrowers' Working Capital Line of Credit Obligations with respect to direct loan advances may be prepaid under the terms of the Working Capital Line of Credit Promissory Note and must be prepaid from Proceeds of Receivables received by any Borrower, as provided in the Working Capital Line of Credit Promissory Note.

  • The Parties hereby acknowledge that the security interest and liens granted to the Collateral Agent in the Collateral (except with respect to the IRB Collateral) pursuant to the Security Documents secure, first and foremost, the Seasonal Line of Credit Obligations and, second and subordinate, but equally and ratably, the Bank Obligations, the Note Obligations, and the Old Kent L/C Obligations.

  • The Credit Agreement is hereby amended to replace Schedule 4 (Line of Credit Obligations) thereto with Schedule 4 attached hereto.

  • During the pendency of any such default or event of default, if so required by the Lender, the Borrower shall borrow from the Lender an additional loan in an amount sufficient to pay the Line of Credit Obligations in full, and the Borrower shall apply the entire proceeds of such loan to pay the Line of Credit Obligations in full.

  • Subject to Article XI hereof, the Administrative Agent, acting at the direction of the Required Lenders, may, at any time or times, proceed directly against the Borrower to collect the Line of Credit Obligations without prior recourse to the Collateral.

  • Other financial assets that do not have an active market and whose fair value cannot be measured reliably are presented using the amortised cost method.

  • Each of the parties hereto consents to the replacement of Schedule 4 (Line of Credit Obligations) to the Existing Credit Agreement with Schedule 4 attached to this Agreement and that the indebtedness listed on such Schedule 4 shall constitute Line of Credit Obligations, as defined in the Existing Credit Agreement.

  • She asked if some of the mechanistic knowledge could be developed into screens for new drugs.

  • Notwithstanding the foregoing, TeamCo shall not increase the total cost of tickets to preseason and regular season Team Games for the Seat(s) for the second and third NFL seasons during which Team Games are played at the Stadium from the total cost charged for tickets to preseason and regular season Team Games for the Seat(s) the first NFL season during which Team Games are played at the Stadium.


More Definitions of Line of Credit Obligations

Line of Credit Obligations means, as of any date, the principal amount of all WIP Advances then outstanding together with accrued but unpaid interest thereon at the Applicable Rate; earned but unpaid Processing Fees; and any and all of your other liabilities, obligations and indebtedness to us, of every kind and nature, arising under or in respect of the Line of Credit, the WIP Advances, the Master Note, or this Addendum.
Sample 1
Line of Credit Obligations means, at any time, all outstanding and/or accrued principal, interest, fees, expenses and other charges then outstanding under the Line of Credit Documents.
Sample 1

Related to Line of Credit Obligations

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Credit Obligations means all present and future liabilities, obligations and Indebtedness of the Company, any of its Subsidiaries or any other Obligor owing to the Agent or any Buyer (or any Affiliate of a Buyer) under or in connection with this Agreement or any other Transaction Document.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Obligation means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date.

  • 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.

  • Line of Credit mean the credit facility described in the Section titled "LINE OF CREDIT" below.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Letters of Credit Outstanding means, at any time, the sum of, without duplication, (a) the aggregate Stated Amount of all outstanding Letters of Credit and (b) the aggregate principal amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Letter of Credit Liabilities means, for any Lender and at any time, such Lender’s ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Letter of Credit Outstandings means, at any time, the sum of, without duplication, (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • Letter of Credit Liability means, without duplication, at any time and in respect of any Letter of Credit, the sum of (a) the undrawn face amount of such Letter of Credit, plus (b) the aggregate unpaid principal amount of all Reimbursement Obligations of Borrower at such time due and payable in respect of all drawings made under such Letter of Credit.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Limit means $5,000,000.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Credit Line as defined in Section 2.1.

  • Swing Line Obligations means, as at any date of determination, the aggregate principal amount of all Swing Line Loans outstanding.

  • Revolving Credit Outstandings means the sum of (a) with respect to Revolving Credit Loans and Swingline Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swingline Loans, as the case may be, occurring on such date; plus (b) with respect to any L/C Obligations on any date, the aggregate outstanding amount thereof on such date after giving effect to any Extensions of Credit occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date.

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.