Letter of Credit Sublimits. No Letters of Credit shall be issued unless, on the date of the proposed issuance of any Letter of Credit, the Revolving Loans available to Borrower (subject to the Maximum Line Amount and Availability Reserves) are equal to 100% of the face amount of such Letters of Credit. Except in Lender's discretion, the amount of all Letter of Credit Obligations shall not at any time exceed $2,000,000.
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Letter of Credit Sublimits. No Letters of Credit shall be issued unless, on the date of the proposed issuance of any Letter of Credit, the Revolving Loans available to Borrower (subject to the Maximum Line Amount and Availability Reserves) are equal to 100% of the face amount of such Letters of Credit. Except in Lender's discretion, the amount of all Letter of Credit Obligations shall not at any time exceed $2,000,000500,000.
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Samples: Loan Agreement (Andataco Inc)
Letter of Credit Sublimits. No Letters of Credit shall be issued -------------------------- unless, on the date of the proposed issuance of any Letter of Credit, the Revolving Loans Advances available to Borrower (subject to Borrowers under the Maximum Line Amount and Availability Reserves) Revolving Facility are equal to one hundred percent (100% %) of the face amount of such Letters of Credit. Except in LenderBank's discretion, the amount of all Letter of Credit Obligations shall not at any time exceed One Million and 00/100 Dollars ($2,000,0001,000,000.00).
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Samples: Revolving Loan and Security Agreement (Iprint Technologies Inc)
Letter of Credit Sublimits. No Letters of Credit shall be -------------------------- issued unless, on the date of the proposed issuance of any Letter of Credit, the Revolving Loans Advances available to Borrower (subject to under the Maximum Line Amount and Availability Reserves) Revolving Facility are equal to one hundred percent (100% %) of the face amount of such Letters of Credit. Except in LenderBank's discretion, the amount of all Letter of Credit Obligations shall not at any time exceed Two Million and 00/100 Dollars ($2,000,000).
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Samples: Revolving Loan and Security Agreement (Iprint Technologies Inc)