Revolving Line

Revolving Line. `REVOLVING LINE' is an Advance or Advances in an amount equal to Twenty Million Dollars ($20,000,000.00).

Revolving Line. Is an Advance or Advances of up to $5,000,000.00. Notwithstanding the foregoing, the availability of the initial Credit Extension under the Revolving 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... Revolving Line, or not make any Credit Extensions hereunder, except pursuant to terms satisfactory to Bank. View More

Revolving Line. Means collectively, the Formula Line and Non-Formula Line.

Revolving Line. Is a loan arrangement entered into by and between Borrower and Bank as of even date hereof pursuant to a certain Loan and Security Agreement (Revolving Line), as amended from time to time