Common use of Limitations on Amounts Clause in Contracts

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Aggregate LC Exposure shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Revolving Commitment, (iii) the Revolving Credit Exposure of each Revolving Lender shall not exceed such Revolving Lender’s Commitment, (iv) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all Letters of Credit issued by any Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effect.

Appears in 3 contracts

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

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Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created 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 renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Revolving Lender’s Commitment, Revolving Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectCommitment.

Appears in 2 contracts

Samples: Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created 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 renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Lxxxxx’s Revolving Lender’s CommitmentCredit Commitment and, (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing LenderLxxxxx’s LC Commitment then in effectand (v) not more than 20 Letters of Credit are issued and outstanding at such time.

Appears in 1 contract

Samples: Credit Agreement (Douglas Dynamics, 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 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 shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Revolving Commitment, (iii) the Aggregate Subsidiary Borrower Revolving Credit Exposure of each Revolving Lender Exposures shall not exceed such Revolving Lender’s Commitment, the Aggregate Subsidiary Borrower Sublimit Commitment and (iv) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all Letters of Credit issued by any Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectAmount.

Appears in 1 contract

Samples: Credit Agreement (Griffon Corp)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created 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 renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Revolving Lender’s Commitment, Revolving Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectCommitment.

Appears in 1 contract

Samples: Credit Agreement (Douglas Dynamics, Inc)

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Limitations on Amounts. A Letter of Credit shall be issued, amended, ---------------------- renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the 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 shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Revolving Commitment, (iii) the Aggregate Subsidiary Borrower Revolving Credit Exposure of each Revolving Lender Exposures shall not exceed such Revolving Lender’s Commitment, the Aggregate Subsidiary Borrower Sublimit Commitment and (iv) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all Letters of Credit issued by any Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectAmount.

Appears in 1 contract

Samples: Credit Agreement (Griffon Corp)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created 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 renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Lxxxxx’s Revolving Lender’s Commitment, Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing LenderLxxxxx’s LC Commitment then in effectCommitment.

Appears in 1 contract

Samples: Credit Agreement (Cars.com Inc.)

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created 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 renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Xxxxxx’s Revolving Lender’s Commitment, Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing LenderXxxxxx’s LC Commitment then in effect.Commitment. An Issuing Lender shall not be under any obligation to issue, amend, renew or extend any Letter of Credit if:

Appears in 1 contract

Samples: Credit Agreement (Cars.com Inc.)

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