Amount and Terms of the Credit. Subject to the terms and ------------------------------ upon the conditions of this Agreement, the Issuing Bank shall issue letters of credit for the account of the Company and the Letter of Credit Subsidiaries from time to time up to but not including July 31, 2004 (as extended by the Banks in writing from time to time in their sole discretion, the "L/C Commitment Termination Date"). The maximum aggregate principal amount which remains undrawn under all outstanding Letters of Credit (the "L/C Obligations") under this Agreement shall not exceed at any one time outstanding the aggregate principal sum of FORTY MILLION AND NO/100 DOLLARS ($40,000,000.00) (the "L/C Commitment").
Appears in 1 contract
Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)
Amount and Terms of the Credit. Subject to the terms and ------------------------------ upon the conditions of this Agreement, the Issuing Bank shall issue letters of credit for the account of the Company and the Letter of Credit Subsidiaries from time to time up to but not including July 31, 2004 2003 (as extended by the Banks in writing from time to time in their sole discretion, the "L/C Commitment Termination Date"). The maximum aggregate principal amount which remains undrawn under all outstanding Letters of Credit (the "L/C Obligations") under this Agreement shall not exceed at any one time outstanding the aggregate principal sum of FORTY THIRTY MILLION AND NO/100 DOLLARS ($40,000,000.0030,000,000.00) (the "L/C Commitment").
Appears in 1 contract
Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)
Amount and Terms of the Credit. Subject to the terms and upon ------------------------------ upon the conditions of this Agreement, the Issuing Bank shall issue letters of credit for the account of the Company and the Letter of Credit Subsidiaries from time to time up to but not including July 31, 2004 2001 (as extended by the Banks in writing from time to time in their sole discretion, the "L/C Commitment Termination Date"). The maximum aggregate principal amount which remains undrawn under all outstanding Letters of Credit (the "L/C Obligations") under this Agreement shall not exceed at any one time outstanding the aggregate principal sum of FORTY FIFTEEN MILLION AND NO/100 DOLLARS ($40,000,000.0015,000,000.00) (the "L/C Commitment").
Appears in 1 contract
Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)
Amount and Terms of the Credit. Subject to the terms and ------------------------------ upon the conditions of this Agreement, the Issuing Bank shall issue letters of credit for the account of the Company and the Letter of Credit Subsidiaries from time to time up to but not including July 31, 2004 2002 (as extended by the Banks in writing from time to time in their sole discretion, the "L/C Commitment Termination Date"). The maximum aggregate principal amount which remains undrawn under all outstanding Letters of Credit (the "L/C Obligations") under this Agreement shall not exceed at any one time outstanding the aggregate principal sum of FORTY TWENTY MILLION AND NO/100 DOLLARS ($40,000,000.0020,000,000.00) (the "L/C Commitment").
Appears in 1 contract
Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)