Common use of Limitations on Amounts Clause in Contracts

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure of all Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (f) of this Section) shall not exceed U.S.$200,000,000, (ii) the total Revolving Exposure shall not exceed the total Revolving Commitments and (iii) the aggregate LC Exposure of such Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (f) of this Section) shall not exceed the maximum LC Exposure for such Issuing Lender, if any, specified in the instrument contemplated by clause (k) below.

Appears in 2 contracts

Samples: Credit Agreement (Constellation Brands, Inc.), Credit Agreement (Constellation Brands, Inc.)

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Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure of all the Issuing Lenders Banks (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (fe) of this Section) shall not exceed U.S.$200,000,000$40,000,000, (ii) the total Revolving Exposure shall not exceed the total Revolving Commitments and (iii) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Issuing Lender Letter of Credit (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (fe) of this Section) shall not exceed the maximum LC Exposure for amount set forth opposite the name of such Issuing LenderBank in Schedule VIII hereto, if any(iii) the total Credit Exposures shall not exceed the aggregate Commitments, specified and (iv) the total Covered Debt Amount shall not exceed the Borrowing Base then in the instrument contemplated by clause (k) beloweffect.

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Franklin BSP Capital Corp), Senior Secured Credit Agreement (Franklin BSP Lending Corp)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) for purposes of this clause (c), the aggregate LC Exposure (including as a component of all Issuing Lenders (the aggregate Credit Exposure) shall be determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (fe) of this Section) (i) the aggregate LC Exposure of the Issuing Bank shall not exceed U.S.$200,000,000$25,000,000, (ii) the total Revolving Credit Exposures shall not exceed the aggregate Commitments, (iii) the Issuing Bank’s Credit Exposure shall not exceed its Commitment and (iv) the total Revolving Commitments and (iii) the aggregate LC Exposure of such Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (f) of this Section) Covered Debt Amount shall not exceed the maximum LC Exposure for such Issuing Lender, if any, specified Borrowing Base then in the instrument contemplated by clause (k) beloweffect.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Oaktree Strategic Credit Fund), Senior Secured (Oaktree Strategic Credit Fund)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure of all of the Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Credit Lenders pursuant to paragraph (fe) of this Section) shall not exceed U.S.$200,000,000U.S. $135,000,000, (ii) the total Revolving Exposure shall not exceed the total Revolving Commitments and (iii) the aggregate LC Exposure of such all of the U.S. Issuing Lender Lenders (determined for these purposes without giving effect to the participations therein of the U.S. Revolving Credit Lenders pursuant to paragraph (fe) of this Section) shall not exceed U.S. $100,000,000; and (iii) the maximum LC Exposure for such Issuing Lender, if any, specified in sum of the instrument contemplated by clause (k) belowtotal U.S. Revolving Credit Exposures plus the aggregate principal amount of outstanding U.S. Competitive Loans shall not exceed the total U.S. Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Bowater Inc)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure of all Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (f) of this Section) shall not exceed U.S.$200,000,000U.S.$60,000,000, (ii) the total Revolving Exposure shall not exceed the total Revolving Commitments and (iii) the aggregate LC Exposure of such Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (f) of this Section) shall not exceed the maximum LC Exposure for such Issuing Lender, if any, specified in the instrument contemplated by clause (k) below.

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands, Inc.)

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Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure of all Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (f) of this Section) shall not exceed U.S.$200,000,000, (ii) the total Revolving Exposure shall not exceed the total Revolving Commitments and (iii) the aggregate LC Exposure of such applicable Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (fe) of this Section) shall not exceed the maximum LC Exposure for such Issuing Lender’s Issuing Lender Sublimit, if any, specified in (ii) the instrument contemplated by clause aggregate LC Exposure (kdetermined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) belowof this Section) shall not exceed $50,000,000 and (ii) the total Credit Exposures shall not exceed the total Commitments.

Appears in 1 contract

Samples: Credit Agreement (Chugach Electric Association Inc)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure of all Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (f) of this Section) shall not exceed U.S.$200,000,000Chase, (ii) the total Revolving Exposure shall not exceed the total Revolving Commitments and (iii) the aggregate LC Exposure of such as an Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (fe) of this Section), shall not exceed $20,000,000, (ii) the aggregate LC Exposure of First Chicago, as an Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (e) of this Section), shall not exceed the maximum LC Exposure for such Issuing Lender, if any, specified in Qingdao Letter of Credit Limit and (iii) the instrument contemplated by clause (k) belowsum of the total Revolving Exposures PLUS the aggregate principal amount of outstanding Competitive Loans shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Roberts Trading Corp)

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