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 Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure shall not exceed the greater of (1) $25,000,000 or (2) ten percent (10%) of the total Revolving Credit Commitments, (ii) the minimum undrawn amount under such Letter of Credit is at least $100,000 and (iii) the sum of the total Revolving Credit Exposures shall not exceed the Available Commitment.
Appears in 2 contracts
Samples: Credit Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Credit Agreement (Jones Lang LaSalle Income Property Trust, 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 of the Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Credit Lenders pursuant to paragraph (e) of this Section) shall not exceed the greater of (1) $25,000,000 or (2) ten percent (10%) of the total Revolving Credit Commitments, 50,000,000 and (ii) the minimum undrawn amount under such Letter of Credit is at least $100,000 and (iii) the sum of the total Revolving Credit Exposures shall not exceed the Available Commitmenttotal Revolving Credit Commitments.
Appears in 2 contracts
Samples: Credit Agreement (Pacificare Health Systems Inc /De/), Credit Agreement (Pacificare Health Systems Inc /De/)
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 Borrower the 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 (e) of this Section) shall not exceed the greater of (1) $25,000,000 or (2) ten percent (10%) of the total Revolving Credit Commitments, 50,000,000 and (ii) the minimum undrawn amount under such Letter of Credit is at least $100,000 and (iii) the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the Available Commitmenttotal Revolving Credit 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 the Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Credit Lenders pursuant to paragraph (e) of this Section) shall not exceed the greater of (1) $25,000,000 or (2) ten percent (10%) of the total Revolving Credit Commitments, 30,000,000 and (ii) the minimum undrawn amount under such Letter of Credit is at least $100,000 and (iii) the sum of the total Revolving Credit Exposures shall not exceed the Available Commitmenttotal Revolving Credit Commitments.
Appears in 1 contract
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 Credit Agreement 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 the Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Credit Lenders pursuant to Section 2.05(e)) shall not exceed the greater of (1) $25,000,000 or (2) ten percent (10%) of the total Revolving Credit Commitments, and (ii) the minimum undrawn amount under such Letter of Credit is at least $100,000 and (iii) the sum of the total Revolving Credit Exposures shall not exceed the Available Commitmenttotal Revolving Credit Commitments.
Appears in 1 contract
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 the Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Credit Lenders pursuant to paragraph (e) of this Section) shall not exceed the greater of (1) $25,000,000 or (2) ten percent (10%) of the total Revolving Credit Commitments, 20,000,000 and (ii) the minimum undrawn amount under such Letter of Credit is at least $100,000 and (iii) the sum of the total Revolving Credit Exposures shall not exceed the Available Commitmenttotal Revolving Credit Commitments.
Appears in 1 contract
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 shall not exceed the greater of (1) $25,000,000 or (2) ten fifteen percent (1015%) of the total Revolving Credit Commitments, (ii) the minimum undrawn amount under such Letter of Credit is at least $100,000 and (iii) the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the Available Commitmenttotal Revolving Credit Commitments and (iii) the minimum face amount of a Letter of Credit shall be $1,000,000.
Appears in 1 contract
Samples: Credit Agreement (Nationwide Health Properties Inc)