Maximum Line of Credit definition

Maximum Line of Credit shall be Five Million and No Dollars ($5,000,000) and shall consist of the Committed Line; provided, however, that such limit complies with Credit Union’s applicable requirements under state law and its business lending policy then in effect. 
Sample 1Sample 2
Maximum Line of Credit means $35,000,000, as such amount may be permanently increased pursuant to the terms of Section 2.1(a)(ii) and/or Section 2.1(b)(ii) of this Agreement, or permanently reduced pursuant to the terms of Section 2.7(c) of this Agreement; provided, however, that in the event that the Consummation of the Merger Transaction does not occur by April 10, 2014, (i) the Maximum Line of Credit shall on such day be reduced to $29,000,000, and (ii) on the Initial Tranche A-2 Advance Repayment Date, the Maximum Line of Credit shall be reduced by the sum of $5,000,000.”
Sample 1
Maximum Line of Credit means $60,000,000.
Sample 1

Examples of Maximum Line of Credit in a sentence

  • Conflict of Interest Policy This program shall not employ, enter into a contract with, nor accept as a volunteer any individual or entity who has a conflict with the best interest of a client.

  • The sum of all outstanding advances under this Agreement shall not exceed the Maximum Line of Credit.

  • Borrower shall not request any advance of proceeds of the Line of Credit which exceeds the Maximum Line of Credit Amount or the Borrowing Base or which would cause the aggregate amount of advances made and outstanding under the Line of Credit to exceed the Maximum Line of Credit Amount or the Borrowing Base.

  • Borrower agrees to pay an unused commitment fee on any difference between the Maximum Line of Credit Amount and the amount of advances under the Line of Credit, determined by the average of the daily amount of credit outstanding during the specified period.

  • Where it has been established that the application was filed in breach of the provision governing unity of invention, the Patent Office shall invite the applicant to file divisional applications.


More Definitions of Maximum Line of Credit

Maximum Line of Credit. In consideration of Gxxx Company's performance of its Obligations and subject to Sections 3 and 4, DFS grants to Gxxx Company separate lines of credit of (i) SIXTY-NINE MILLION FIVE HUNDRED THOUSAND UNITED STATES DOLLARS ($69,500,000.00 U.S.) (the "U.S. Line"), and (ii) that fluctuating amount of Canadian Dollars which, from day-to-day, shall equal, based on the daily noon spot exchange rate of the Royal Bank of Canada (the "Exchange Rate") FIVE MILLION FIVE HUNDRED THOUSAND UNITED STATES DOLLARS ($5,500,000.00 U.S.) (the "Canadian Line") for the period commencing on the execution of this Agreement until December 31, 1998.
Sample 1
Maximum Line of Credit means, at any time, an amount equal to $7,000,000.
Sample 1
Maximum Line of Credit means (i) $40,000,000 for the period from the Closing Date through, but not including, the Amendment No. 7 Date; (ii) $35,000,000 for the period from the Amendment No. 7 Date through, but not including, January 1, 2002; and (iii) $30,000,000 for the period from January 1, 2002 through, but not including, the Expiration Date."
Sample 1
Maximum Line of Credit means, at any time, an amount equal to $30,000,000 minus the aggregate unpaid balance of (i) that certain Loan and Security Agreement of even date herewith by and between RDO Agriculture Equipment Co. ("RDOA") and CitiCapital, and (ii) that certain Loan and Security Agreement of even date herewith by and between RDO Material Handling Co. ("RDOM") and CitiCapital, which shall not exceed $9,000,000. RDOA and RDOM will be individually and collectively referred to herein as the "Affiliates".
Sample 1
Maximum Line of Credit has the meaning set forth in Section 2.1 hereof.
Sample 1
Maximum Line of Credit means $40,000,000.
Sample 1
Maximum Line of Credit means $24,000,000.
Sample 1