Letter of Credit Obligations. Incur, or permit any of its Subsidiaries to incur, any indebtedness, liabilities or obligations (whether contingent or otherwise) under reimbursement or similar agreements with respect to letters of credit issued to support obligations that do not constitute Debt, except (i) indebtedness, liabilities or obligations not in excess of $20,000,000 in the aggregate at any one time outstanding, and (ii) in respect of bid bonds but only if the Borrower's or such Subsidiary's obligations in respect of all such bid bonds do not at any time exceed (A) the Available Commitments at such time minus (B) the aggregate face amount of the Borrower's commercial paper notes outstanding at such time.
Appears in 2 contracts
Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp)
Letter of Credit Obligations. Incur, or permit any of its Subsidiaries to incur, any indebtedness, liabilities or obligations (whether contingent or otherwise) under reimbursement or similar agreements with respect to letters of credit issued to support obligations that do not constitute Debt, except (i) indebtedness, liabilities or obligations not in excess of $20,000,000 1,000,000 in the aggregate at any one time outstanding, and (ii) in respect of bid bonds but only if the Borrower's or such Subsidiary's obligations in respect of all such bid bonds do not at any time exceed the sum of (A) the Available Commitments at such time minus plus (B) the "Available Commitments" under (and as defined in) the Other Credit Agreement at such time plus (C) the aggregate face amount of the Borrower's commercial paper notes outstanding at such time.. (i)
Appears in 2 contracts
Samples: Day Credit Agreement (Ies Utilities Inc), Year Credit Agreement (Ies Utilities Inc)