Maximum Letters of Credit. In the case of any Letters of Credit requested to be made, after giving effect thereto, the aggregate face amount and reimbursement obligations outstanding in respect of Letters of Credit shall not exceed the maximum amount permitted under Section 2.9; and
Appears in 3 contracts
Samples: Loan and Security Agreement (Marketwise, Inc.), Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Marketwise, Inc.)
Maximum Letters of Credit. In the case of any Letters of Credit requested to be made, after giving effect thereto, the aggregate face amount and reimbursement obligations outstanding in respect of Letters of Credit shall not exceed the maximum amount permitted under Section 2.9; and2.
Appears in 3 contracts
Samples: Loan and Security Agreement (Atari Inc), Loan and Security Agreement (Bucyrus International Inc), Loan and Security Agreement (Stanadyne Automotive Corp)
Maximum Letters of Credit. In the case of any Letters of Credit requested to be made, after giving effect thereto, the aggregate face amount and reimbursement obligations outstanding in respect of Letters of Credit shall not exceed the maximum amount permitted under Section 2.9; andand (e)
Appears in 2 contracts
Samples: Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Veeco Instruments Inc)
Maximum Letters of Credit. In the case of any Letters of Credit requested to be made, after giving effect thereto, the aggregate face amount and reimbursement obligations outstanding in respect of Letters of Credit shall not exceed the maximum amount Maximum Amount permitted under Section 2.9; and2.
Appears in 1 contract
Maximum Letters of Credit. In the case of any Letters of Credit requested to be made, after giving effect thereto, the aggregate face amount and reimbursement obligations outstanding in respect of Letters of Credit shall not exceed the maximum amount permitted under Section 2.9; and. Each request for an Advance by Administrative Borrower (on behalf of the Borrowers) hereunder shall constitute a representation and warranty by the Borrowers as of the date of such Advance that the conditions contained in this subsection shall have been satisfied.
Appears in 1 contract
Samples: Loan and Security Agreement (Velocity Express Corp)
Maximum Letters of Credit. In the case of any Letters of Credit requested to be madeissued, after giving effect thereto, the aggregate face amount and reimbursement obligations outstanding in respect of Letters of Credit shall not exceed either (A) Letter of Credit Sub-Limit or (B) when aggregated with all then outstanding Revolving Credit Advances, the maximum amount permitted under Section 2.9; andMaximum Revolving Credit Amount.
Appears in 1 contract
Samples: Credit and Security Agreement (Lexington Precision Corp)