Line of Credit Amount and Terms Sample Clauses

Line of Credit Amount and Terms. LINE OF CREDIT AMOUNT.
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Line of Credit Amount and Terms. ▇.▇ Line of Credit Amount. (a) During the availability period described in Section 1.2 below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is One Hundred Twenty-Five Million Dollars ($125,000,000). (b) This is a revolving line of credit providing for cash advances. During the availability period described in Section 1.2, 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 to exceed the limitations specified in paragraph 1.3 below.
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Line of Credit Amount and Terms. 1.1 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 Two Million Dollars ($2,000,000). (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 outstanding principal balance of the line of credit to exceed the Commitment.
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Line of Credit Amount and Terms. Paragraph 1.1 (Line of Credit Amount) of the Agreement is amended in its entirety to read as follows:
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Line of Credit Amount and Terms. (a) Line of Credit Amount. (i) 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 Commitment") is Three Million Dollars ($3,000,000.
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Line of Credit Amount and Terms. 1.1 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 will be the lesser of Eight Million and 00/100 Dollars ($8,000,000.00) or the sum of 60% of short-term investments and 60% of gross accounts receivable (the "Commitment"). (b) This is a revolving line of credit providing for letters of credit and shipside bonds. (c) The Borrower agrees that if at any time the total amount of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, and shipside bonds, exceed the Commitment, the Borrower will prepay the excess amount on the Bank's demand.
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Line of Credit Amount and Terms 
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Related to Line of Credit Amount and Terms

  • Amount and Terms of Credit 1.1 Credit Facilities.

  • 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

  • Amount and Terms of Commitments 2.1 [Reserved]. 2.2 [Reserved]. 2.3 [Reserved].

  • Amount and Terms of the Commitments Section 2.1. General Description of Facilities

  • Amount and Terms of the Commitment 5 Section 2.1 The Advances................................................ 5 Section 2.2 Making the Advances......................................... 6 Section 2.3 Fees........................................................ 7 Section 2.4 Reduction or Termination of the Commitment.................. 8 Section 2.5 Repayments of Interest Advances or the Final Advance....