Common use of Letters of Credit Sublimit Clause in Contracts

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Million Dollars ($8,000,000) inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 2 contracts

Samples: Loan and Security Agreement (Stereotaxis, Inc.), Loan and Security Agreement (Stereotaxis, Inc.)

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Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight One Million Dollars ($8,000,000) 1,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 2 contracts

Samples: Loan and Security Agreement (SALARY.COM, Inc), Loan and Security Agreement (Soundbite Communications Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Million Dollars ($8,000,000) 500,000 inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (International Electronics Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Thirty Million Dollars ($8,000,000) 30,000,000.00), inclusive of all Credit Extensions relating to Sections 2.1.3 2.1.1, 2.1.3, and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (LTX Corp)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Million Five Hundred Thousand Dollars ($8,000,000) 500,000.00), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Paradigm Holdings, Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Six Million Dollars ($8,000,000) 6,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.1, 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (NMS Communications Corp)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight One Million Dollars ($8,000,0001,000,000.00) inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (World Energy Solutions, Inc.)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, after the Initial Advance, Bank shall issue or have issued Letters of Credit for Borrower’s 's account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Million Dollars ($8,000,000) 500,000, inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (ExactTarget, Inc.)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to the deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight One Million Dollars ($8,000,000) 1,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Voxware Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Million Dollars ($8,000,000) 3,000,000 inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Satcon Technology Corp)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s 's account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight One Million Dollars ($8,000,000) 1,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Voxware Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s 's account. The undrawn face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Fifteen Million Dollars ($8,000,000) 15,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.1, 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Netezza Corp)

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Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Fifteen Million Dollars ($8,000,000) 15,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Network Engines Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Million Seven Hundred Fifty Thousand Dollars ($8,000,000) 750,000.00), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Foundry Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesFormula Line, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Million Dollars ($8,000,000) 1,000,000.00, inclusive of Credit Extensions relating to Sections 2.1.1, 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Datawatch Corp)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s 's account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Five Million Dollars ($8,000,000) 5,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.1, 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Equallogic Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of ReservesLine, Bank shall issue or have issued Letters of Credit for Borrower’s 's account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Five Million Dollars ($8,000,000) 5,000,000.00), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Evergreen Solar Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit (but excluding any amounts drawn and reimbursed) and any Letter of Credit Reserve) may not exceed Eight Ten Million Dollars ($8,000,00010,000,000) inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Evergreen Solar Inc)

Letters of Credit Sublimit. (a) As part of the Revolving Line and subject to deduction of Reserves, Bank shall issue or have issued Letters of Credit for Borrower’s account. The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed Eight Ten Million Dollars ($8,000,000) 10,000,000), inclusive of Credit Extensions relating to Sections 2.1.3 and 2.

Appears in 1 contract

Samples: Loan and Security Agreement (Medidata Solutions, Inc.)

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