Common use of Limitations on Amounts, Issuance and Amendment Clause in Contracts

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, (iv) the Total Outstandings shall not exceed the lesser of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 3 contracts

Samples: Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.)

AutoNDA by SimpleDocs

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit L/C Sublimit, (iii) the Revolving Credit Exposure of any Revolving Lender shall not exceed its Revolving Commitment, (iv) the Total Outstandings Revolving Credit Exposure shall not exceed the lesser of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations total Revolving Commitments and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base AvailabilityForeign Currency Exposure with respect to the applicable Alternative Currency exceeds the Applicable Foreign Currency Sublimit for such Alternative Currency.

Appears in 2 contracts

Samples: Credit Agreement (Phinia Inc.), Credit Agreement (Phinia Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving pro forma effect to such issuance, amendment, extension, reinstatement or renewal (ia) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer the Issuing Banks shall not exceed its the L/C Commitment, (iib) the aggregate L/C Obligations shall not exceed the Letter of Credit L/C Sublimit, (iiic) the Revolving Credit Exposure aggregate principal amount of any Lender each Lender’s outstanding Loans and participations in L/C Obligations at such time shall not exceed its Commitment, (ivd) the Total Outstandings total Outstanding Amount and L/C Obligations shall not exceed the lesser of Total Commitments and (Ae) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other is greater than or equal to the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base AvailabilityAggregate Usage.

Appears in 2 contracts

Samples: Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.), Loan Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any the L/C Issuer shall not exceed its L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the aggregate L/C Obligations denominated in Alternative L/C Currencies shall not exceed the Alternative L/C Currency Sublimit, (iv) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, (iv) the Total Outstandings shall not exceed the lesser of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations Revolving Commitment and (v) the outstanding Borrowing Base Debt total Revolving Credit Exposures shall not exceed Borrowing Base Availabilitythe Aggregate Revolving Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal renewal, (i) unless otherwise agreed by the applicable L/C Issuer in its sole discretion, the aggregate amount of the outstanding Letters of Credit issued by any such L/C Issuer shall not exceed its such L/C Issuer’s L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Revolving Lender shall not exceed its such Revolving Lender’s Revolving Commitment, and (iv) the Total Outstandings Revolving Credit Exposures of all Revolving Lenders shall not exceed the lesser of (A) the Aggregate Revolving Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 2 contracts

Samples: Credit Agreement (Ansys Inc), Credit Agreement (Ansys Inc)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C CommitmentCommitment (unless otherwise agreed by the applicable L/C Issuer), (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, Revolving Credit Commitment and (iv) the Total Outstandings sum of the total Revolving Credit Exposures shall not exceed the lesser of (A) the Aggregate Revolving Credit Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 2 contracts

Samples: Credit Agreement (NCR Corp), Credit Agreement (NCR Atleos, LLC)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (iv) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (iiw) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iiix) the Outstanding Amount of all L/C Obligations with respect to Letters of Credit denominated in Alternative Currencies shall not exceed the Alternative Currency L/C Sublimit, (y) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, Revolving Commitment and (ivz) the Total Outstandings Revolving Exposure shall not exceed the lesser of (A) the Aggregate total Revolving Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 2 contracts

Samples: Credit Agreement (Fresh Del Monte Produce Inc), Credit Agreement (Fresh Del Monte Produce Inc)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (iI) until such time as a Compliance Certificate is delivered pursuant to Section 6.02(b) that indicates that the Net Leverage Ratio is less than or equal to 4.00 to 1.00, the Borrowing Availability shall be greater than zero, (II) the aggregate amount of the outstanding Letters of Credit issued by any the L/C Issuer shall not exceed its L/C Commitment, (iiIII) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iiiIV) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, Revolving Commitment and (ivV) the Total Outstandings Revolving Oustandings shall not exceed the lesser of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base AvailabilityRevolving Facility.

Appears in 2 contracts

Samples: Credit Agreement (Team Inc), Credit Agreement (Team Inc)

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit Borrower the Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (iA) the aggregate amount Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, (B) the Outstanding Amount of the outstanding Letters Dollar Tranche Loans of Credit issued by any Revolving Lender plus such Revolving Lender’s Applicable Percentage of the Outstanding Amount of all L/C Issuer Obligations shall not exceed its L/C such Revolving Lender’s Dollar Tranche Commitment, (iiC) the aggregate Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, (iv) the Total Outstandings shall not exceed the lesser of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iiiii) the Revolving Credit Exposure of any Revolving Lender shall not exceed its Revolving Credit Commitment, (iii) the sum of the total Revolving Credit Exposures shall not exceed the Aggregate Revolving Credit Commitments, and (iv) the Total Outstandings shall aggregate undrawn amount of all outstanding Letters of Credit issued by any L/C Issuer plus the aggregate amount of all Unreimbursed Amounts pursuant to any Letter of Credit issued by such L/C Issuer does not exceed the lesser such L/C Issuer’s Letter of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base AvailabilityCredit Commitment.

Appears in 1 contract

Samples: Credit Agreement (Cousins Properties Inc)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, (iv) the Total Outstandings shall not exceed the lesser of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.exceed

Appears in 1 contract

Samples: Credit Agreement (Dream Finders Homes, Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit Credit, Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any shall not exceed the L/C Issuer shall not exceed its L/C CommitmentSublimit, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit L/C Sublimit, (iii) the Revolving Outstanding Credit Exposure of any Lender shall not exceed its Commitment, (iv) the Total Outstandings Outstanding Credit Exposure of all Lenders shall not exceed the lesser of (A) the Aggregate CommitmentsAvailable Commitment, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) no payment or deposit would be due pursuant to Section 2.18. In addition, the outstanding Borrowing Base Debt Issuing Bank shall not exceed Borrowing Base Availability.be under any obligation to issue any Letter of Credit if:

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

AutoNDA by SimpleDocs

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit Credit, Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal renewal, (i) the aggregate amount Total Outstandings shall not exceed the Aggregate Commitments, (ii) the Outstanding Amount of the outstanding Letters Dollar Tranche Loans of Credit issued by any Lender plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Issuer Obligations shall not exceed its L/C such Lender’s Dollar Tranche Commitment, and (iiiii) the aggregate L/C Obligations shall not exceed the lesser of (x) the Letter of Credit Sublimit, Sublimit and (iiiy) the Revolving Credit Exposure undrawn portion of any Lender shall not exceed its Commitment, (iv) the Total Outstandings shall not exceed aggregate amount of the lesser of (A) the Aggregate Dollar Tranche Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal renewal, (i) unless otherwise agreed by the applicable L/C Issuer in its sole discretion, the aggregate amount of the outstanding Letters of Credit issued by any such L/C Issuer shall not exceed its such L/C Issuer’s L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Lender shall not exceed its such Lender’s Revolving Commitment, and (iv) the Total Outstandings aggregate Revolving Credit Exposures of all Lenders shall not exceed the lesser of (A) the Aggregate Revolving Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer Issuing Bank shall not exceed its L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit L/C Sublimit, (iii) the Revolving Credit Exposure of any Revolving Credit Lender shall not exceed its Commitment, Revolving Credit Commitment and (iv) the Total Outstandings total Revolving Credit Exposures shall not exceed the lesser of (A) the Aggregate total Revolving Credit Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt . An Issuing Bank shall not exceed Borrowing Base Availability.be under any obligation to issue any Letter of Credit if:

Appears in 1 contract

Samples: Credit Agreement (Perella Weinberg Partners)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (i) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment; provided that, subject to the limitations set forth in clause (ii) hereof, any L/C Issuer in its sole discretion may issue Letters of Credit in excess of its Letter of Credit Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Lender shall not exceed its Commitment, Revolving Credit Commitment and (iv) the Total Revolving Credit Outstandings shall not exceed the lesser of (A) the Aggregate Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base AvailabilityRevolving Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (American Assets Trust, L.P.)

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal renewal, (i) unless otherwise agreed by the applicable L/C Issuer in its sole discretion, the aggregate amount of the outstanding Letters of Credit issued by any such L/C Issuer shall not exceed its such L/C Issuer's L/C Commitment, (ii) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iii) the Revolving Credit Exposure of any Revolving Lender shall not exceed its such Revolving Lender's Revolving Commitment, and (iv) the Total Outstandings Revolving Credit Exposures of all Revolving Lenders shall not exceed the lesser of (A) the Aggregate Revolving Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (iA) unless otherwise agreed by the applicable L/C Issuer in its sole discretion, the aggregate amount of the outstanding Letters of Credit issued by any such L/C Issuer shall not exceed its such L/C Issuer’s L/C Commitment, (iiB) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iiiC) the Revolving Credit Exposure of any Revolving Lender shall not exceed its such Revolving Lender’s Revolving Commitment, and (ivD) the Total Outstandings Revolving Credit Exposures of all Revolving Lenders shall not exceed the lesser of (A) the Aggregate Revolving Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 1 contract

Samples: Credit Agreement (Atlassian Corp)

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit Borrower the Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (iA) unless otherwise agreed by the applicable L/C Issuer in its sole discretion, the aggregate amount of the outstanding Letters of Credit issued by any such L/C Issuer shall not exceed its such L/C Issuer’s L/C Commitment, (iiB) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (iiiC) the Revolving Credit Exposure of any Revolving Lender shall not exceed its such Revolving Lender’s Revolving Commitment, and (ivD) the Total Outstandings Revolving Credit Exposures of all Revolving Lenders shall not exceed the lesser of (A) the Aggregate Revolving Commitments, and (B) Borrowing Base Availability minus Borrowing Base Debt other than the Obligations and (v) the outstanding Borrowing Base Debt shall not exceed Borrowing Base Availability.

Appears in 1 contract

Samples: Credit Agreement (Workday, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.