Common use of Letter of Credit Amount Clause in Contracts

Letter of Credit Amount. The sum of (i) the aggregate undrawn amount of all Letters of Credit outstanding at any time plus (ii) the aggregate amount of all drawings under Letters of Credit for which Lender has not been reimbursed at such time.

Appears in 3 contracts

Samples: Loan and Security Agreement (KeyStone Solutions, Inc.), Loan and Security Agreement (WPCS International Inc), Loan and Security Agreement (Lakeland Industries Inc)

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Letter of Credit Amount. The sum of (i) the aggregate undrawn amount of all Letters of Credit outstanding at any time plus (ii) the aggregate amount of all drawings under Letters of Credit for which Lender Issuing Bank has not been reimbursed at such time.

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America Inc)

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Letter of Credit Amount. The sum of (i) the aggregate undrawn amount of all Letters of Credit outstanding at any time plus (ii) the aggregate amount of all drawings under Letters of Credit for which Lender Xxxxxx has not been reimbursed at such time.. ​

Appears in 1 contract

Samples: Loan and Security Agreement (Western Acquisition Ventures Corp.)

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