Letter of Credit Outstandings. Such fees shall be due in arrears on the last Business Day of each March, June, September and December commencing June 30, 1998 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.
Letter of Credit Outstandings. The Borrower and each other Obligor and the Administrative Agent shall be entitled to continue to deal solely and directly with such Lender in connection with the interests so assigned and delegated to an Assignee Lender until
Letter of Credit Outstandings. At any time, the sum of (i) the aggregate Stated Amount of all outstanding Letters of Credit, and (ii) the aggregate amount of all Unpaid Drawings in respect of all Letters of Credit at such time.
Letter of Credit Outstandings. Swing Line Loans shall not be outstanding Loans for purposes of determining such fee. Such fees shall be due in arrears on the last Business Day of each June, September, December and March commencing September 30, 1997 to and on the Revolving Credit Termination Date. Notwithstanding the foregoing, so long as any Lender fails to make available any portion of its Revolving Credit Commitment when requested, such Lender shall not be entitled to receive payment of its pro rata share of such fee until such Lender shall make available such portion. Such fee shall be calculated on the basis of a year of 360 days for the actual number of days elapsed.
Letter of Credit Outstandings. At any time the sum of (i) the aggregate undrawn face amount of all then outstanding Letters of Credit, and (ii) the aggregate amount of all unpaid and then outstanding Reimbursement Obligations.
Letter of Credit Outstandings. The Company shall cause the sum of (i) 100% of the Cash and Cash Equivalents on deposit in the Cash Collateral Account, (ii) as to the Metro Inc. Securities Collateral on deposit in the Metro Inc. Securities Collateral Account, the lesser of (a) 50% of the market value of such Metro Inc. Securities Collateral (as determined by reference to the price of Metro Inc. stock as listed on the Toronto Stock Exchange) and (b) the Metro Inc. Securities Availability Cap, and (iii) as to each item of Additional Collateral on deposit in the Additional Collateral Account, the amount of such Additional Collateral multiplied by the Applicable Advance Rate, to be at least equal to the Letter of Credit Outstandings. If at any time Letter of Credit Outstandings exceed Availability, the Borrower shall deposit with the Issuing Bank Cash and Cash Equivalents and/or Additional Collateral in an amount sufficient to eliminate such excess and/or cause the Letter of Credit Outstandings to be reduced by an amount sufficient to eliminate such excess.
Letter of Credit Outstandings. Such fees shall be due in arrears not later than three (3) Business Days following the last Business Day of each March, June, September and December commencing March 31, 1997 to and on the Revolving Credit Termination Date (or such earlier date as the Lenders refuse to fund hereunder).
Letter of Credit Outstandings. (b) Each Loan shall be made by the Tranche A Banks pro rata in accordance with their respective Tranche A Commitments; provided, however, that the failure of any Tranche A Bank to make any Loan shall not in itself relieve the other Tranche A Banks of their obligations to lend.
Letter of Credit Outstandings. Notwithstanding anything herein to the contrary, the International Borrowing Base shall not include the amount of any receivable supported by a letter of credit prior to the date of shipment of the Items covered by the subject letter of credit. That is, an account receivable shall not be included in the International Borrowing Base until shipment of the Items, regardless of when the letter of credit is in effect.
Letter of Credit Outstandings. Upon receipt of a notice pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof.
