Equipment Line

Equipment Line. Means Equipment Advances of up to $2,500,000.

Equipment Line. Is an Equipment Advance or Equipment Advances of up to $5,000,000.00. Notwithstanding the foregoing, the availability of the initial Credit Extension under the Equipment Line shall be subject to the receipt by the Bank of satisfactory results, in the sole and absolute discretion of the Bank, of the Initial Audit of Borrower's Collateral pursuant to Section 6.2 hereof. If the results of the Initial Audit are not satisfactory to the Bank for any reason, the Bank may, at its discretion, reduce the... amount of the Equipment Line, or not make any Credit Extensions hereunder, except pursuant to terms satisfactory to Bank. View More