Credit Lines Clause Samples

Credit Lines. We may from time to time at our absolute discretion extend to you a credit line in relation to your margin obligations (“Credit Line”). Details of your Credit Lines, including any related conditions, will be set out in the Credit Schedule. All Credit Lines are provided on an uncommitted basis; for the avoidance of doubt the availability of the Credit Lines is conditional upon your complying with all applicable requirements and conditions imposed by us. We may at our absolute discretion reduce or withdraw each of the Credit Lines with immediate effect at any time by written notice to you.

Credit Lines. U.S. Bank shall provide the ▇▇▇▇▇ ▇▇▇▇▇▇▇ Group demand lines of credit, which shall be collateralized by marketable securities. Additionally, U.S. Bank shall provide the ▇▇▇▇▇ ▇▇▇▇▇▇▇ Group a daylight overdraft line and a day loan line in the amounts mutually agreed upon by U.S. Bank and the ▇▇▇▇▇ ▇▇▇▇▇▇▇ Group which shall be documented in a separate agreement and also be subject to no material adverse change in the financial condition of ▇▇▇▇▇ ▇▇▇▇▇▇▇.

Credit Lines. A portion of the funding for the program/project comes from BPS: “The [title of this project/program/web resource/database etc.] has been made possible in part by a grant from the City of Portland, Bureau of Planning and Sustainability.” All funding for the program/project comes from BPS: “The [title of this project/program] has been made possible through funding entirely by the City of Portland, Bureau of Planning and Sustainability.”

Credit Lines. 4.1. Where you have our Non-Recourse Facility, then at the end of the Credit Period we may exercise Recourse in respect of a Debt within the Credit Line for the amount of: (i) the Value Added Tax included in the Debt; and (ii) the First Loss; and (iii) any settlement, trade or retrospective discount taken or claimed. We may also exercise Recourse for amounts in excess of the Credit Line. We will then accept the Credit Risk for the remainder of the Covered Debt. 4.2. We will notify you of the Credit Line for each Outstanding Debtor as soon as convenient after the Commencement Date and thereafter as soon as convenient after a Credit Line has been requested by you. Prior to Notifying each Debtor's Debts to us, you must have a Credit Line or have submitted an application to us for one. Your application must be in the form and with the information required by us. Sales Ledger Financing All information given by you must be accurate. Credit Lines will be issued entirely at our discretion for the purpose of determining the terms upon which we will purchase Debts. They will apply only to Debtors with the names specified by you. Credit Lines shall, under no circumstances, be taken as our indication of the creditworthiness or otherwise of a Debtor. 4.3. We will advise you of Credit Lines by whatever means we consider appropriate. We may increase or decrease Credit Lines at any time. We will advise you of increases or decreases. Any Notified Debt within a Credit Line shall not be affected by a decrease, provided that the Contract of Sale shall have been completely performed before Notification to us of the Debt. 4.4. You will not reveal to anyone, including your Debtors, the terms, the amount or absence of any Credit Lines. As between you and us, such information shall be considered legally privileged. Where you have a Recourse Facility Credit Lines are set only for the purposes of establishing the amount of Early Payments that may be made. 4.5. Where a Credit Line has been established then Outstanding Debts shall be treated as Covered Debts in the order in which they shall become due for payment. Debts above a Credit Line shall be Approved Debts. 4.6. If we have designated a Debt as an Approved Debt, it (and all other Debts due by the same Debtor) shall forthwith and without notice to you be treated as Unapproved Debts in any of the following circumstances: (i) you shall have been in breach of any warranty or undertaking to us relating to the Debt; (ii) the Debt shal...

Credit Lines. Funding for the Project comes from BPS and Metro: “The project has been made possible through funding by the City of Portland, Bureau of Planning and Sustainability and Metro’s 2040 Planning and Development Grant program.”

Credit Lines. The Bank shall assign a maximum Credit Line to the Customer when the Account is opened (“Master Credit Line”). The Master Credit Line shall be the aggregate total allowable indebtedness that the Customer may have outstanding at any one time. If the Customer has chosen the “Cardholder Invoicing” option (defined below), a portion of the Master Credit Line will be allocated to each individual Cardholder Account (“Cardholder Credit Line”), at the request of the Customer. If the Customer has chosen the “Consolidated Invoicing” option (defined below), each individual Cardholder Account will be assigned a monthly spending limit. The Master Credit Line and Cardholder Credit Lines may be amended

Credit Lines. 3.1.b.1 If City only provides a portion of the funding for Grantee’s program or project, Grantee’s Credit Line shall state: “The [title of this project/program/web resource/database etc.] has been made possible in part by a grant from the City of Portland, Portland Clean Energy Community Benefits Fund.” 3.1.b.2 If City provides all the funding for Grantee’s program or project, Grantee’s Credit Line shall state: “The [title of this project/program] has been made possible through funding entirely by the City of Portland, Portland Clean Energy Community Benefits Fund.”

Credit Lines. 8.1. The Client hereby authorises any Authorised Person(s) from time to time to arrange with the Bank in Mauritius for financial accommodation from the Bank to the Client by way of discount, loan, overdraft facility or otherwise such financial accommodation to be upon such terms and conditions as such Authorised Person(s) shall consider appropriate. However, nothing in this sub-clause shall oblige the Bank to provide such financial accommodation.

Credit Lines. (a) Pursuant to the Master Mortgage Loan Warehousing and Security Agreement dated June 17, 2003 between Company and First Collateral Services, Inc., Company has: (i) an Equity Base of not less than $3,450,0000; (ii) Tangible Net Worth of not less than $3,450,000; (iii) a Current Ratio of not less than 1.06 to 1; (iv) a Debt to Tangible Net Worth Ratio of not more than 12.75 to 1.0; (v) a Debt to Equity Base Ratio of not more than 12.75 to 1.0; and (vi) repurchased not more than in the aggregate of Mortgage Loans during any twelve month period. All capitalized terms included in this Section 3.1.26(a), not otherwise defined in Section 3.1.25, shall have the meaning assigned to such term in that Master Mortgage Loan Warehousing and Security Agreement dated as June 17, 2003 between Company and First Collateral Services, Inc. (b) Pursuant to the Credit Agreement dated September 15, 2005 between Company and HSBC Mortgage Services Warehouse Lending, Inc., Company has: (i) not received a notice of termination pursuant to Section 2.7(b); (ii) Tangible Net Worth of not less than $3,680,000; (iii) a Current Ratio of not less than 1.04 to 1; (iv) a Leverage Ratio of not more than 17 to 1.0; (v) a Positive Net Income as of the most recent three month period; (vi) Bronze status; and (vii) repurchased not more than $0in Mortgage Loans in the aggregate. All capitalized terms included in this Section 3.1.26(b), not otherwise defined in Section 3.1.25, shall have the meaning assigned to such term in that Credit Agreement dated September 15, 2005 between Company and HSBC Mortgage Services Warehouse Lending, Inc. (c) The Master Mortgage Loan Warehousing and Security Agreement dated as June 17, 2003 between Company and First Collateral Services, Inc. and the Credit Agreement dated September 15, 2005 between Company and HSBC Mortgage Services Warehouse Lending, Inc. are collectively referred to the as the “Credit Lines”.