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: Senior Secured Revolving Credit Agreement (Owl Rock Technology Finance Corp.), Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp), 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 (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.), Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp), Senior Secured Revolving Credit Agreement (TPG 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 Revolving Credit Agreement (FS Investment Corp III), Senior Secured Revolving Credit Agreement (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 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: Senior Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.), Senior Secured Revolving Credit Agreement (Sixth Street Lending Partners), Senior Secured Revolving 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 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), Senior Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Senior 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 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 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: Senior Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Senior Secured Revolving Credit Agreement (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 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 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: Senior Secured Revolving Credit Agreement (Owl Rock Core Income Corp.), Senior 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 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 3 contracts
Samples: Senior Secured Revolving Credit Agreement (Blue Owl Credit Income Corp.), Senior Secured Revolving Credit Agreement (Blue Owl Credit Income Corp.), Senior Secured Revolving 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 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 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 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: Senior 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 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 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: Credit Agreement (Best Buy Co Inc), Credit Agreement (Best Buy Co Inc)
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: Senior Secured Revolving Credit Agreement (AG Twin Brook Capital Income Fund), Senior 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 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 2 contracts
Samples: Senior Secured Revolving Credit Agreement (Blue Owl Capital Corp III), Amendment No. 1 (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 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: Senior Secured Revolving Credit Agreement (Blue Owl Capital Corp), 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 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 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 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: Senior 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: Senior 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 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: Senior 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 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 [[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 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: Senior 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 Chase, as an Issuing Bank requested to issue such Letter of Credit 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 $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 amount set forth opposite the name Qingdao Letter of such Issuing Bank on Schedule 2.05 Credit Limit, (or such greater amount as such Issuing Bank may agree in its sole discretion); (iiiii) the sum of the total Tranche I Revolving Dollar Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Tranche I Revolving Lenders shall not exceed the aggregate Dollar total Tranche I Revolving Commitments at such time; and (iiiiv) the sum of the total Tranche II Revolving Multicurrency Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Tranche II Revolving Lenders 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 effectTranche II Revolving Commitments."
Appears in 1 contract
Samples: Credit Agreement (Canandaigua LTD)
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 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: 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 (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 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 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 $300,000,000 and the LC Exposure of each Issuing Bank 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 1 contract
Samples: Senior Secured Revolving Credit Agreement (Blue Owl 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 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: Senior Secured Revolving 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 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 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: 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 $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: 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 $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 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: Senior 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 applicable 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 each Issuing Bank requested to issue such Letter of Credit Lender (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed $30,000,000; provided that any Issuing Lender may, but shall not be obligated to, increase or decrease its maximum LC Exposure upon request of PPG; provided, further, that the amount set forth opposite the name aggregate LC Exposure of such all Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); Lenders at any time shall not exceed $300,000,000, (ii) the sum of the total Revolving Dollar Credit LC Exposures plus the aggregate principal amount of outstanding Advances shall not exceed the aggregate Dollar total Commitments at such time; and (iii) if at such time there are Commitments that will remain in effect after the occurrence of a Termination Date, the total Revolving Multicurrency LC Exposure of the Issuing Lenders (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to this Section 2.17) with respect to Letters of Credit Exposures shall that have an expiry date after such Termination Date does not exceed the aggregate Multicurrency Commitments at such time; (iv) with respect to each Issuing Bank that is a Swingline Lender, the sum amount of such Swingline Lender’s Commitments. If there is more than one Tranche in effect at any time and, upon a Termination Date there are outstanding Multicurrency LoansLetters of Credit, its LC Exposure, its outstanding Swingline Loans such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Lenders to purchase participations therein and to make payments in respect thereof pursuant to this Section 2.17) under (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then and ratably participated in effect; and (v) by the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.Lenders
Appears in 1 contract
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)
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 Parent 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) Outstandings shall not exceed the amount set forth opposite lesser of (x) the name aggregate LC Sublimits for all Issuing Lenders 4879-0244-9248v.759 US 9692390v.1 CHA715/20025 and (y) $200,000,000 and, subject to the last sentence of such Issuing Bank on Schedule 2.05 this subsection (or such greater amount as such Issuing Bank c), no more than $100,000,000 of which may agree be in its sole discretionrespect of Standby Letters of Credit (the “Standby Letters of Credit Sublimit”); , (ii) the total Revolving Dollar aggregate amount of the Letter of Credit Exposures Outstandings attributable to Letters of Credit issued by any Issuing Lender shall not exceed the aggregate Dollar Commitments at LC Sublimit of such time; Issuing Lender, (iii) the total Revolving Multicurrency Credit Exposures Extensions of any Lender shall not exceed the aggregate Multicurrency Commitments at Commitment of such time; Lender, (iv) with respect to each Issuing Bank that is a Swingline Lenderthe Credit Extensions shall not exceed the Total Commitment and (v) in the event the Maturity Date shall have been extended as provided in Section 2.20, the sum of (x) the Letter of Credit Outstandings attributable to Letters of Credit expiring after any Maturity Date before giving effect to such extension plus (y) the Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Exposure attributable to 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 maturing after such Maturity Date shall not exceed the Borrowing Base then total 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 Swingline Loans. Each Issuing Lender (other than JPMorgan) will receive confirmation from the Agent that the requirements in effectclauses (i) and (iv) of the foregoing sentence are satisfied before issuing, amending, renewing or extending a Letter of Credit. Notwithstanding the foregoing, the Parent Borrower may adjust the amount of the Standby Letters of Credit Sublimit by providing three (3) Business Days prior written notice to the Agent, so long as the total of such Standby Letters of Credit Sublimit plus any Commercial Letter of Credit Outstandings does not exceed the aggregate sublimit for Letter of Credit Outstandings set forth in Section 2.06(c)(i). The Agent shall promptly confirm to the Parent Borrower, the Issuing Lenders and the Lenders the amount and the effective date of the revised sublimits.
Appears in 1 contract
Samples: Credit Agreement (Dillard's, 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 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 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 $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: Senior 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 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 Sublimit 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 (x) the 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 plus (z) the Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Exposure attributable to Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency maturing after such Existing Commitment then in effect; and (v) the total Covered Debt Amount 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 and such Swingline Loans.
Appears in 1 contract
Samples: 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 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 LenderLender with a Dollar Commitment, the sum of such Swingline Lender’s outstanding Multicurrency Dollar Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Dollar Commitment then in effect; effect and (vB) with respect to each Issuing Bank that is a Swingline Lender with a Multicurrency Commitment, the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without
Appears in 1 contract
Samples: Senior Secured Revolving 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 of the applicable Chase, as an Issuing Bank requested to issue such Letter of Credit 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 $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 amount set forth opposite the name Qingdao Letter of such Issuing Bank on Schedule 2.05 Credit Limit, (or such greater amount as such Issuing Bank may agree in its sole discretion); (iiiii) the sum of the total Tranche I Revolving Dollar Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Tranche I Revolving Lenders shall not exceed the aggregate Dollar Commitments at such time; total Tranche I Revolving Commitments, (iiiiv) the sum of the total Tranche II Revolving Multicurrency Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Tranche II Revolving Lenders shall not exceed the aggregate Multicurrency total Tranche II Revolving 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 sum of the total Covered Debt Amount Tranche III Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans made by Tranche III Revolving Lenders shall not exceed the Borrowing Base then in effecttotal Tranche III Revolving Commitments.
Appears in 1 contract
Samples: Credit Agreement (Canandaigua LTD)
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: 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 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.
Appears in 1 contract
Samples: Senior Secured Revolving 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 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)
