Line of Credit Amount Sample Clauses

The 'Line of Credit Amount' clause defines the maximum sum of money that a lender agrees to make available to a borrower under a credit facility. This clause specifies the upper limit of funds that can be drawn, ensuring both parties are clear on the total borrowing capacity. For example, it may state that the borrower can access up to $500,000 at any time during the agreement period. Its core function is to set clear financial boundaries, preventing misunderstandings and managing the lender’s risk exposure.
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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Million Dollars ($10,000,000). (b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed to exceed the Commitment.
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1
Line of Credit Amount. During the Line Availability Period defined below, the Bank agrees to provide a revolving line of credit (the "Line") to the Borrower. Outstanding amounts under the Line will not, at any one time, exceed FOUR MILLION DOLLARS AND 00/100 DOLLARS ($4,000,000.00).
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (“Facility No. 1”). The amount of the Facility No. 1 commitment (the Facility No. 1 Commitment”) is Ten Million and 00/100 Dollars ($10,000,000.00). As of the date hereof, FIA Services, Inc. has agreed to provide a card program to the Borrower (“Card Program”) in the amount of Fifteen Million and 00/100 Dollars ($15,000,000.00). In no event shall the Facility No. 1 Commitment together with the commitment under the Card Program exceed at any time Twenty Five Million and 00/100 Dollars ($25,000,000.00). (b) The Facility No. 1 is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them subject to the maximum amount limitations set forth in paragraph (a) above. (c) The Borrower agrees not to permit the principal balance outstanding under Facility No. 1 to exceed the Facility No. 1 Commitment as such commitment maybe reduced from time to time by the Card Program. If the Borrower exceeds the applicable limitation, the Borrower will immediately pay the excess to the Bank upon the Bank’s demand.
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Line of Credit”) is One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) (the “Line of Credit Commitment”). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Line of Credit Commitment. If, at any time, the outstanding principal balance of the Line of Credit exceeds the Line of Credit Commitment, the Borrower will immediately pay the excess to the Bank upon the Bank’s demand.
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Million Dollars ($10,000,000). (b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) Each advance will be for at least One Hundred Thousand Dollars ($100,000), or for the amount of the remaining available line of credit, if less. (d) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment.
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit"). The amount of the Line of Credit (the "Facility No. 2 Commitment") is One Million and 00/100 Dollars ($1,000,000.00). (b) This is a non-revolving line of credit. Any amount borrowed, even if repaid before the expiration date of the Line of Credit, permanently reduces the remaining available Line of Credit. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 2
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base. (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Seven Million Dollars ($7,000,000). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) Each advance must be for at least One Hundred Thousand Dollars ($100,000), or for the amount of the remaining available line of credit, if less. (d) The Borrower agrees not to permit the outstanding principal balance of the line of credit to exceed the Commitment.
Line of Credit Amount. (a) During the Availability Period described below, the Bank will provide a line of credit (also referred to as the "Loan") to the Borrower. The amount of the line of credit is Seventy Million Dollars ($70,000,000) (the "Commitment" or the "Maximum Loan Amount").