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 the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 5 contracts

Samples: Secured Revolving Credit Agreement (Owl Rock Technology Finance Corp.), Credit Agreement (Owl Rock Capital Corp), Secured Revolving Credit Agreement (Owl Rock Capital Corp)

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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 the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 5 contracts

Samples: Senior Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.), Secured Revolving Credit Agreement (Owl Rock Capital Corp), Credit Agreement (TPG Specialty Lending, 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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; and (iviv)(A) with respect to each Issuing Bank that is a Swingline Lender with a Dollar Commitment, the sum of such Swingline Lender’s outstanding Dollar Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Dollar Commitment then in effect and (B) with respect to each Issuing Bank that is a Swingline Lender with a Multicurrency Commitment, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 4 contracts

Samples: Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.), Secured Revolving Credit Agreement (Sixth Street Lending Partners), Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended on behalf of a Borrower only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the such Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 $25,000,000 (or such greater amount as may be agreed between such Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures with respect to such Borrower shall not exceed the aggregate Multicurrency Commitments at such time; (iv) Subcommitments with respect to each Issuing Bank that is a Swingline Lendersuch Borrower, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (viii) the total Covered Debt Amount of such Borrower shall not exceed the Borrowing Base then in effecteffect for such Borrower and (iv) the aggregate amount of the Revolving Multicurrency Credit Exposure of all of the Lenders denominated in a Foreign Currency shall not exceed 50% of the total Commitments hereunder. A Letter of Credit denominated in AUD or NZD shall be issued, amended, renewed or extended on behalf of a Borrower only if (and upon issuance, amendment, renewal or extension of each Letter of Credit such Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, the aggregate amount of the Revolving Multicurrency Credit Exposure of all of the Lenders denominated in AUD and NZD shall not exceed 20% of the total Commitments hereunder.

Appears in 4 contracts

Samples: Senior Secured (FS Investment Corp III), Senior Secured (FS Investment Corp II), Senior Secured Revolving Credit Agreement (Corporate Capital 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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Letters of CreditLC Exposure and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; of such Class and (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Blue Owl Technology Income Corp.), Senior Secured Credit Agreement (Blue Owl Technology Income Corp.), Senior Secured Credit Agreement (Blue Owl Technology Finance Corp. II)

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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed $50,000,000, and the LC Exposure at such time of any Issuing Bank (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (e) of this Section 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Exposure and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; of such Class and (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 3 contracts

Samples: Senior Secured Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II), Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Secured Revolving Credit Agreement (Goldman Sachs Private Credit 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) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed $50,000,000, and the LC Exposure at such time of any Issuing Bank (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Exposure and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; of such Class and (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Assignment and Assumption (Goldman Sachs Private Credit Corp.), Senior Secured Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II)

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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect; and (vi) the aggregate Revolving Multicurrency Credit Exposure denominated in the Specified Agreed Foreign Currencies shall not exceed the Specified Multicurrency Sublimit.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Owl Rock Core Income Corp.), Secured Revolving Credit Agreement (Owl Rock Core Income Corp.), Senior Secured Revolving Credit Agreement (Owl Rock Core Income 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 relevant 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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); LC Commitment, (ii) if denominated in any Alternative Currency, the total Revolving Dollar Credit Exposures aggregate LC Exposure in any Alternative Currency shall not exceed the aggregate Dollar Commitments at such time; $15,000,000, (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Initial Issuing Bank that is a Swingline Lender, the sum of (x) the aggregate undrawn amount of all outstanding Letters of Credit issued by such Swingline Lender’s outstanding Multicurrency Loans, its Initial Issuing Lender plus (y) the aggregate amount of all LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure Disbursements by such Initial Issuing Lender that have not yet been reimbursed by or on behalf of any Borrower at such time shall not exceed $33,333,334 without the consent of such Initial Issuing Lender; provided that, with respect to any component of any such amount in an Alternative Currency, such amount shall be the Dollar Equivalent thereof, (iv) no Lender’s Credit Exposure shall exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall Total Credit Exposure would not exceed the Borrowing Base then in effectTotal Commitment.

Appears in 3 contracts

Samples: Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed amended or extended only if (and upon issuance, amendment, renewal amendment 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 amendment or extension (i) the aggregate LC Exposure of Issuing Banks of both Classes (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to clause (e) of this Section) shall not exceed $25,000,000 and the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph clause (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); 2.05, (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; , (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; , (iv) the sum of the total Revolving Credit Exposures plus the Net Revolving Exposure exceeding the aggregate Commitments, (v) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Syndicated Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure and its LC Exposure shall not exceed its Multicurrency Commitment then in effect; and (vvi) the total sum of the Covered Debt Amount plus the Net Revolving Exposure shall not exceed the Borrowing Base then in effect.

Appears in 2 contracts

Samples: Joinder Agreement (AG Twin Brook Capital Income Fund), Secured Revolving Credit Agreement (AG Twin Brook Capital Income 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 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 $150,000,000, (ii) the aggregate amount of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect Exposure attributable to the participations therein Letters of the Lenders pursuant to paragraph (e) of this Section) Credit issued by any Issuing Lender shall not exceed the amount set forth opposite the name LC Commitment of such Issuing Bank on Schedule 2.05 Lender, (or such greater amount as such Issuing Bank may agree in its sole discretion); (iiiii) the total Revolving Dollar Credit Exposures Exposure of any Lender shall not exceed the aggregate Dollar Commitments at Commitment of such time; Lender, (iiiiv) the sum of the total Revolving Multicurrency Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the aggregate Multicurrency total Commitments at such time; and (ivv) with respect to each Issuing Bank that is a Swingline Lenderin the event the Commitment Termination Date shall have been extended as provided in Section 2.20, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (vx) the total Covered Debt Amount LC Exposure attributable to Letters of Credit expiring after any Existing Commitment Termination Date, plus (y) the aggregate principal amount of outstanding Competitive Loans maturing after such Existing Commitment Termination Date shall not exceed the Borrowing Base then in effecttotal Commitments that shall have been extended to a date after the latest expiration date of such Letters of Credit and the latest maturity date of such Competitive Loans.

Appears in 2 contracts

Samples: Year Credit Agreement (Best Buy Co Inc), Year Credit Agreement (Best Buy Co 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 Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed $5,000,000 and the LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Bain Capital Private Credit), Revolving Credit Agreement (Bain Capital Private Credit)

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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time and the total Revolving Dollar Credit Exposures Exposure of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; , (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Exposure and (without duplication) its other Swingline Exposure (if any) of such Class of Commitment shall not exceed its Multicurrency Commitment then in effect; of such Class and (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Blue Owl Capital Corp), Senior Secured Revolving Credit (Owl Rock Capital 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) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time and the total Revolving Dollar Credit Exposures Exposure of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; , (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Exposure and (without duplication) its other Swingline Exposure (if any) of such Class of Commitments shall not exceed its Multicurrency Commitment then in effect; and of such Class, (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effecteffect and (v) the aggregate Revolving Multicurrency Credit Exposure denominated in the Specified Agreed Foreign Currencies shall not exceed the Specified Multicurrency Sublimit.

Appears in 2 contracts

Samples: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income 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) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 $100,000,000 (or such greater amount as such may be agreed between the Borrower and the Issuing Bank may agree in its sole discretionBanks from time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Letters of Credit and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; of such Class and (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Blackstone Private Credit Fund), Senior Secured Credit Agreement (Blackstone / GSO Secured Lending Fund)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed amended or extended only if (and upon issuance, amendment, renewal amendment 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 amendment or extension (i) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (eSection 1.4(5) of this Section) below), collectively, shall not exceed the amount set forth opposite the name aggregate Letter of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Credit Commitments, (ii) the sum of the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; total Revolving Commitments, (iii) unless otherwise consented to in writing, the aggregate LC Exposure of an Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to Section 1.4(5) below) shall not exceed such Issuing Lender’s Letter of Credit Commitment and (iv) the sum of the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at Borrowing Base Amount. Notwithstanding the foregoing, no Issuing Lender shall be obligated to issue a Letter of Credit to the extent that, on the date of such time; (ivIssuing Lender’s receipt of a request for issuance pursuant to Section 1.4(2) with respect to each Issuing Bank that is a Swingline Lenderabove, the sum Stated Amount of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure Letter of Credit shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then unused portion of the Revolving Commitments of such Issuing Lender in effectits capacity as a Lender on such date. Each Letter of Credit shall be in an amount of $100,000 or larger.

Appears in 2 contracts

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

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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Exposure and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; and of such Class, (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effecteffect and (v) the aggregate Revolving Multicurrency Credit Exposure denominated in the Specified Agreed Foreign Currencies shall not exceed the Specified Multicurrency Sublimit.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp III), Senior Secured Revolving Credit Agreement (Owl Rock Core Income 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) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; Commitments, (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such timeCommitments; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effectCommitment; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.. Revolving Credit Agreement

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (TPG Specialty Lending, 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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the lesser of (x) $175,000,000 and (y) the aggregate amount set forth opposite of LC Commitments by the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Banks, (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Revolving Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Revolving Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Letters of Credit and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; and of such Class, (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect, (v) with respect to each Issuing Bank, the sum of such Issuing Bank’s Letters of Credit shall not exceed such Issuing Bank’s LC Commitment (unless consented to by such Issuing Bank) and (vi) notwithstanding anything in this Section 2.05 to the contrary, with respect to Citibank, N.A. in its capacity as an Issuing Bank, the sum of its outstanding Letters of Credit shall not exceed $25,000,000 (or such greater amount as Citibank, N.A., in its capacity as an Issuing Bank, may, in its sole discretion, agree to issue, amend, renew or extend Letters of Credit from time to time).

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Secured Lending 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 shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 $100,000,000 (or such greater amount as such may be agreed between the Borrower and the Issuing Bank may agree in its sole discretionBanks from time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Letters of Credit and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; and of such Class, (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effecteffect and (v) notwithstanding anything in this Section 2.05 to the contrary, with respect to Citibank, N.A. in its capacity as an Issuing Bank, the sum of its outstanding Letters of Credit shall not exceed $50,000,000 (or such greater amount as Citibank, N.A., in its capacity as an Issuing Bank, may, in its sole discretion, agree to issue, amend, renew or extend Letters of Credit from time to time).

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Blackstone Secured Lending 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 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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such timeCommitments; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such timeCommitments; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effectCommitment; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Owl Rock Capital 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) the aggregate LC Exposure of Letters of Credit issued by the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Syndicated Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name LC Sublimit of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Bank, (ii) the aggregate LC Exposure of the Issuing Banks (determined for these purposes without giving effect to the participations therein of the Syndicated Lenders pursuant to paragraph (e) of this Section) shall not exceed $25,000,000, (iii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; Commitments, (iiiiv) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (SLR Investment 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) the aggregate LC Exposure of the Issuing Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed $150,000,000, (ii) the total Revolving Multicurrency Credit Exposure shall not exceed the aggregate Multicurrency Commitments and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iii) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on in Schedule 2.05 VIII hereto (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; , (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency LoansSyndicated Loans of a Class, its LC ExposureExposure of such Class, its outstanding Swingline Loans of such Class and (without duplication) its other Swingline Exposure of such Class shall not exceed its Multicurrency Commitment then in effectof such Class; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Apollo Investment 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) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect 47 Revolving Credit Agreement to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Owl Rock Technology Finance 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) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Exposure and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; and of such Class, (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effecteffect and (v) the aggregate Revolving Multicurrency Credit Exposure denominated in the Specified Agreed Foreign Currencies shall not exceed the Specified Multicurrency Sublimit.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Blue Owl Capital Corp III)

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 731105340 11299570 44 Revolving 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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Credit Agreement (TPG Specialty Lending, 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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the lesser of (x) $175,000,000 and (y) the aggregate amount set forth opposite of LC Commitments by the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Banks, (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Revolving Multicurrency Commitments at and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Revolving Dollar Commitments, (iii) with respect to each Issuing Bank, the sum of such time; Issuing Bank’s outstanding Revolving Loans, Letters of Credit and Swingline Exposure (if any) of such Class shall not exceed its Commitment of such Class, (iv) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure Letters of Credit shall not exceed its Multicurrency such Issuing [[60731336359722]] Bank’s LC Commitment then in effect; (unless consented to by such Issuing Bank) and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Blackstone Private 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 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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; and (iviv)(A) with respect to each Issuing Bank that is a Swingline Lender with a Dollar Commitment, the sum of such Swingline Lender’s outstanding Dollar Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Dollar Commitment then in effect and (B) with respect to each Issuing Bank that is a Swingline Lender with a Multicurrency Commitment, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.72

Appears in 1 contract

Samples: Credit Agreement (Sixth Street Specialty Lending, 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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the lesser of (x) $175,000,000 and (y) the aggregate amount set forth opposite of LC Commitments by the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Banks, (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Revolving Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Revolving Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Letters of Credit and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; and of such Class, (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect, (v) with respect to each Issuing Bank, the sum of such Issuing Bank’s Letters of Credit shall not exceed such Issuing Bank’s LC [[60787996351539]] Commitment (unless consented to by such Issuing Bank) and (vi) notwithstanding anything in this Section 2.05 to the contrary, with respect to Citibank, N.A. in its capacity as an Issuing Bank, the sum of its outstanding Letters of Credit shall not exceed $25,000,000 (or such greater amount as Citibank, N.A., in its capacity as an Issuing Bank, may, in its sole discretion, agree to issue, amend, renew or extend Letters of Credit from time to time).

Appears in 1 contract

Samples: Credit Agreement (Blackstone Secured Lending 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 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 Banks (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 $10,000,000 and the LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Varagon Capital 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) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes 36 Revolving Credit Agreement without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Owl Rock Capital 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) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit Lenders (determined for these purposes without giving effect to the participations therein of the Revolving Lenders pursuant to paragraph (eSection 1.4(5) of this Section) below), collectively, shall not exceed the amount set forth opposite the name aggregate Letter of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Credit Commitments, (ii) the sum of the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar total Revolving Commitments at such time; and (iii) unless otherwise consented to in writing, the total aggregate LC Exposure of an Issuing Lender (determined for these purposes without giving effect to the participations therein of the Revolving Multicurrency Credit Exposures Lenders pursuant to Section 1.4(5) below) shall not exceed such Issuing Lender’s Letter of Credit Commitment. Notwithstanding the aggregate Multicurrency Commitments at foregoing, no Issuing Lender shall be obligated to issue a Letter of Credit to the extent that, on the date of such time; (ivIssuing Lender’s receipt of a request for issuance pursuant to Section 1.4(2) with respect to each Issuing Bank that is a Swingline Lenderabove, the sum Stated Amount of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure Letter of Credit shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then unused portion of the Revolving Commitments of such Issuing Lender in effectits capacity as a Lender on such date. Each Letter of Credit shall be in an amount of $100,000 or larger.

Appears in 1 contract

Samples: Management Agreement (Macerich Co)

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 applicable Issuing BankBanks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed $40,000,000, and the LC Exposure of each Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion)2.05; (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; , (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; time and (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Assignment and Assumption (Goldman Sachs BDC, 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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed $100,000,000, and the LC Exposure at such time of any Issuing Bank (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section 2.05) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 IX (or such greater amount as may be agreed between the Borrower and such Issuing Bank may agree in its sole discretionfrom time to time); , (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Exposure and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; of such Class and (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (KKR FS Income Trust)

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 at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the lesser of (x) $175,000,000 and (y) the aggregate amount set forth opposite of LC Commitments by the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Banks, (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iii) with respect to each Issuing Bank, the sum of such time; Issuing Bank’s outstanding Revolving Loans, Letters of Credit and Swingline Exposure (if any) of such Class shall not exceed its Commitment of such Class, (iv) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure Letters of Credit shall not exceed its Multicurrency such Issuing Bank’s LC Commitment then in effect; (unless consented to by such Issuing Bank) and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Blackstone Private 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 shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the lesser of (x) $175,000,000 and (y) the aggregate amount set forth opposite of LC Commitments by the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Banks, (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Dollar Commitments, (iviii) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Revolving Loans, its LC Exposure, its outstanding Swingline Loans Letters of Credit and (without duplication) its other Swingline Exposure (if any) of such Class shall not exceed its Multicurrency Commitment then in effect; and of such Class, (viv) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect, (v) with respect to each Issuing Bank, the sum of such Issuing Bank’s Letters of Credit shall not exceed such Issuing Bank’s LC Commitment (unless consented to by such Issuing Bank) and (vi) notwithstanding anything in this Section 2.05 to the contrary, with respect to Citibank, N.A. in its capacity as an Issuing Bank, the sum of its outstanding Letters of Credit shall not exceed $25,000,000 (or such greater amount as Citibank, N.A., in its capacity as an Issuing Bank, may, in its sole discretion, agree to issue, amend, renew or extend Letters of Credit from time to time).

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Blackstone Secured Lending 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 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 Banks (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 $50,000,000 and the LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.. DOCVARIABLE #DNDocID \* MERGEFORMAT 765655780

Appears in 1 contract

Samples: Guarantee and Security Agreement (Bain Capital Specialty Finance, 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 relevant 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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); LC Commitment, (ii) if denominated in any Alternative Currency, the total Revolving Dollar Credit Exposures aggregate LC Exposure in any Alternative Currency shall not exceed the aggregate Dollar Commitments at such time; Equivalent of $15,000,000, (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Initial Issuing Bank that is a Swingline Lender, the sum of (x) the aggregate undrawn amount of all outstanding Letters of Credit issued by such Swingline Lender’s outstanding Multicurrency Loans, its Initial Issuing Lender plus (y) the aggregate amount of all LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure Disbursements by such Initial Issuing Lender that have not yet been reimbursed by or on behalf of any Borrower at such time shall not exceed $50,000,000 without the consent of such Initial Issuing Lender; provided that, with respect to any component of any such amount in an Alternative Currency, such amount shall be the Dollar Equivalent thereof, (iii) no Lender’s Credit Exposure shall exceed its Multicurrency Commitment then in effect; and (viv) the sum of the total Covered Debt Amount shall Credit Exposures would not exceed the Borrowing Base then in effectTotal Commitment.

Appears in 1 contract

Samples: Credit Agreement (Brunswick 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) the aggregate LC Exposure at such time of the applicable Issuing Bank requested to issue such Letter of Credit Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this SectionSection 2.05) shall not exceed the lesser of (x) $175,000,000 and (y) the aggregate amount set forth opposite of LC Commitments by the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Banks, (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Revolving Multicurrency Commitments at and the total Revolving Dollar Credit Exposure shall not exceed the aggregate Revolving Dollar Commitments, (iii) with respect to each Issuing Bank, the sum of such time; Issuing Bank’s outstanding Revolving Loans, Letters of Credit and Swingline Exposure (if any) of such Class shall not exceed its Commitment of such Class, (iv) with respect to each Issuing Bank that is a Swingline LenderBank, the sum of such Swingline LenderIssuing Bank’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure Letters of Credit shall not exceed its Multicurrency such Issuing Bank’s LC Commitment then in effect; (unless consented to by such Issuing Bank) and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Blackstone Private 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 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 applicable Issuing Banks (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed $40,000,000 and the LC Exposure of each Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion)2.05; (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; , (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; time and (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Goldman Sachs BDC, 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 applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect; and (vi) the aggregate Revolving Multicurrency Credit Exposure denominated in the Agreed Foreign Currencies shall not exceed the Foreign Currency Sublimit.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Bain Capital Specialty Finance, 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 BankLetters of Credit issued by the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Syndicated Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name LC Sublimit of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Bank, (ii) the aggregate LC Exposure of the Issuing Banks (determined for these purposes without giving effect to the participations therein of the Syndicated Lenders pursuant to paragraph (e) of this Section) shall not exceed $25,000,000, (iiiii ) the total Revolving Dollar Credit Exposures shall not exceed the aggregate Dollar Commitments at such time; Commitments, (iiiiiiiv ) the total Revolving Multicurrency Credit Exposures shall not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (vivv ) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (SLR Investment Corp.)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed amended or extended only if (and upon each issuance, amendment, renewal amendment or extension of each any Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendmentamendment or extension, renewal or extension (i) the aggregate LC Exposure shall not exceed $150,000,000, (ii) the aggregate amount of the applicable Issuing Bank requested LC Exposure attributable to issue such Letter Letters of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) issued by any Issuing Lender shall not exceed the amount set forth opposite the name LC Sublimit Share of such Issuing Bank on Schedule 2.05 Lender, (or such greater amount as such Issuing Bank may agree in its sole discretion); (iiiii) the total Revolving Dollar Credit Exposures Exposure of any Lender shall not exceed the aggregate Dollar Commitments at Commitment of such time; Lender, (iiiiv) the sum of the total Revolving Multicurrency Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the aggregate Multicurrency total Commitments at such time; and (ivv) with respect to each Issuing Bank that is a Swingline Lenderin the event the Commitment Termination Date shall have been extended as provided in Section 2.20, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (vx) the total Covered Debt Amount LC Exposure attributable to Letters of Credit expiring after any Existing Commitment Termination Date, plus (y) the aggregate principal amount of outstanding Competitive Loans maturing after such Existing Commitment Termination Date shall not exceed the Borrowing Base then in effecttotal Commitments that shall have been extended to a date after the latest expiration date of such Letters of Credit and the latest maturity date of such Competitive Loans; provided that there shall not at any time be more than a total of 20 Letters of Credit outstanding.

Appears in 1 contract

Samples: Credit Agreement (Best Buy Co Inc)

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