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, the Borrower shall be deemed to represent and warrant that), after giving effect to each such issuance, amendment, extension, reinstatement or renewal, the aggregate amount of the outstanding Letters of Credit issued by the Lender shall not exceed the Letter of Credit Sublimit at such time.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or and/or renewed only if (and, upon issuance, amendment, extension, reinstatement or and/or renewal of each Letter of Credit, the Borrower Company shall be deemed to represent and warrant that), after giving effect to each such issuance, amendment, extension, reinstatement or and/or renewal, the aggregate amount of the outstanding Letters of Credit issued by the Lender shall not exceed the Letter of Credit Sublimit its L/C Commitment at such time.

Appears in 1 contract

Samples: Replacement Credit Agreement (Argan Inc)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and, and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit, Credit the Borrower shall be deemed to represent and warrant that), after giving effect to each such issuance, amendment, extension, reinstatement or renewal, renewal (i) the aggregate amount of the outstanding Letters of Credit issued by the Lender L/C Obligations shall not exceed the Letter of Credit Sublimit at such time.L/C Sublimit, and

Appears in 1 contract

Samples: Loan Agreement (Omega Flex, Inc.)

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or and/or renewed only if (and, upon issuance, amendment, extension, reinstatement or and/or renewal of each Letter of Credit, the Borrower shall be deemed to represent and warrant that), after giving effect to each such issuance, amendment, extension, reinstatement or and/or renewal, the aggregate amount of the outstanding Letters of Credit issued by the Lender shall not exceed the Letter of Credit Sublimit at such time.

Appears in 1 contract

Samples: Credit Agreement (FIGS, Inc.)

AutoNDA by SimpleDocs

Limitations on Amounts, Issuance and Amendment. (i) A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and, and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit, Credit the Borrower shall be deemed to represent and warrant that), after giving effect to each such issuance, amendment, extension, reinstatement or renewal, renewal (A) the aggregate amount of the outstanding Letters of Credit issued by the Lender L/C Obligations shall not exceed the Letter of Credit Sublimit at such time.Sublimit, (B) the Revolving

Appears in 1 contract

Samples: 1823738v3 Credit Agreement (Arhaus, Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or and/or renewed only if (and, upon issuance, amendment, extension, reinstatement or and/or renewal of each Letter of Credit, the Borrower shall be deemed to represent and warrant that), after giving effect to each such issuance, amendment, extension, reinstatement or and/or renewal, the aggregate amount of the outstanding Letters of Credit issued by the Lender shall not exceed the Letter of Credit Sublimit its L/C Commitment at such time.

Appears in 1 contract

Samples: Credit Agreement (Nortech Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!