Maximum Line of Credit Amount definition

Maximum Line of Credit Amount means $20,000,000. The Maturity Date may be extended by the mutual agreement of Borrowers and Bank. Borrowers’ obligation to repay Advances under the Line of Credit shall be evidenced by a promissory note in form and content attached hereto as Exhibit A (“Note”), the terms of which are incorporated herein by this reference.
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Maximum Line of Credit Amount means, as of any date of determination, an amount equal to:
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Maximum Line of Credit Amount means Twelve Million Dollars ($12,000,000) less any amounts outstanding pursuant to the Auxiliary Revolver Facility.
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Examples of Maximum Line of Credit Amount in a sentence

  • In no event shall the aggregate unpaid principal amount of advances under this Note (together with any other credit accommodations under the Line of Credit) exceed, as of any date of determination, the Maximum Line of Credit Amount.

  • Borrowers may from time to time prior to the Maturity Date borrow, partially or wholly repay, and re-borrow hereunder, advances up to the Maximum Line of Credit Amount (as defined herein), subject to the terms and conditions of this Line of Credit Note (“Note”) and the Letter Agreement (as defined herein) (“Line of Credit”).

  • This Amendment shall become effective upon (i) the execution of this Amendment by the Borrowers and Bank and (ii) payment by the Borrowers to Bank of an amendment fee equal to 0.35% of the Maximum Line of Credit Amount, as amended by this Amendment (i.e., $175,000), which Borrowers hereby authorize Bank to deduct from any account maintained by Borrowers with Bank.

  • Borrowers shall pay to Bank an upfront fee equal to [***] ([***] of the Maximum Line of Credit Amount), which upfront fee shall be fully-earned and non-refundable upon receipt thereof by Bank and which fee shall be payable on the date hereof.


More Definitions of Maximum Line of Credit Amount

Maximum Line of Credit Amount means One Million Nine Hundred Thousand Dollars ($1,900,000) or such greater amount as the Lender may consent to in writing from time to time.
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Maximum Line of Credit Amount means $20,000,000. In no event shall the aggregate unpaid principal amount of advances under this Note (together with any other credit accommodations under the Line of Credit) exceed, as of any date of determination, the Maximum Line of Credit Amount. In the event of any such occurrence, the amount of such excess shall be immediately due and payable without necessity of demand, and whether or not any Event of Default shall have occurred hereunder.
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Maximum Line of Credit Amount means One Million Nine Hundred Thousand Dollars ($1,900,000), subject to reduction as described in Section 2.9 of this Agreement".
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Maximum Line of Credit Amount means Two Million Dollars ($2,000,000).
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Maximum Line of Credit Amount means Twelve Million Dollars ($12,000,000).
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Maximum Line of Credit Amount means Six Million Dollars ($6,000,000).
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Maximum Line of Credit Amount. Fifteen Million ($15,000,000.00) Dollars less the aggregate outstanding advances on Home Improvement Loans and Personal Property Loans.
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