Maximum Line Amount definition

Maximum Line Amount is defined in Section 1.1(a).

Maximum Line Amount means $8,000,000 unless this amount is reduced pursuant to Section 2.10, in which event it means such lower amount.

Maximum Line Amount means $3,000,000, unless this amount is reduced pursuant to Section 2.12, in which event it means such lower amount.

Examples of Maximum Line Amount in a sentence

• Beginning on the 31st day after the date hereof, Borrower shall at all times utilize at least 10% of the Maximum Line Amount.

• Subject to a fee equal to 2% of the Maximum Line Amount (the “Early Termination Fee”) with respect to any termination of this Agreement prior to the Maturity Date, Borrower may terminate this Agreement at any time upon 60 days prior written notice to Lender whereupon this Agreement shall terminate upon successful repayment of all outstanding Obligations.

• Company may terminate or reduce the Post-Petition Line of Credit at any time prior to the Maturity Date if it (i) delivers written notice to Xxxxx Fargo of its intention to terminate or reduce the Post-Petition Line of Credit, and (ii) pays the Indebtedness in full or down to the reduced Maximum Line Amount.

• Company shall pay Xxxxx Fargo an annual unused line fee of one-half of one percent (0.50%) of the daily average of the Maximum Line Amount reduced by the sum of the outstanding Advances, the Pre-Petition L/C Amount and the Post- Petition L/C Amount (the “Unused Amount”), from the date of this Agreement to and including the Termination Date, which unused line fee shall be payable monthly in arrears on the first day of each month and on the Termination Date.

• The unpaid balance of the Facility Fee for the entire Initial or Renewal Term based on then effective Maximum Line Amount shall be payable in full i) on the termination of this Agreement by Borrower other than on the last day of any Initial or Renewal Term, and ii) and at Lender's option, upon Lender's declaration of an Event of Default.

More Definitions of Maximum Line Amount

Maximum Line Amount means $40,000,000 unless this amount is reduced pursuant to Section 2.10, in which event it means such lower amount.

Maximum Line Amount means an amount up to Eleven Million Dollars ($11,00,000.00).”

Maximum Line Amount means $5,000,000.

Maximum Line Amount means $15,000,000.

Maximum Line Amount means $2,400,000, unless such amount is reduced pursuant to Section 2.12, in which amount it means such lower amount.”

Maximum Line Amount means $22,500,000.

Maximum Line Amount means $2,500,000, unless such amount is reduced pursuant to Section 2.12, in which case it means such lower amount.”