Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall: (A) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount of the Revolving Credit Obligations at such time would exceed the Maximum Revolving Credit Amount at such time, or (ii) the aggregate outstanding amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit; or (B) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (i) one (1) year after the date of issuance thereof or (ii) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one year tenor may provide for the renewal thereof for additional one year periods (which in no event shall extend beyond the date referred to in clause (ii) above).
Appears in 5 contracts
Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)
Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall:
(A) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (ii) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit50,000,000; or
(B) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Revolving Loan Termination Date; provided, that any Letter of Credit with a one one-year tenor term may provide for the renewal thereof for additional one one-year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 3 contracts
Samples: Credit Agreement (Steelcase Inc), Credit Agreement (Steelcase Inc), Credit Agreement (Steelcase Inc)
Types and Amounts. No Issuing Bank shall have any obligation to and no ------------------ Issuing Bank shall:
: (Ai) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (ia) the amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (iib) the aggregate outstanding amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit10,000,000; or
or (Bii) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ia) one (1) year after the date of issuance thereof or (iib) five (5) Business Days immediately preceding the Commitment Revolving Loan Termination Date; provided, provided that any Letter of Credit with a one -------- one-year tenor may provide for the renewal thereof for additional one one-year periods (which shall in no event shall extend beyond the date referred to in clause ------ (iib) above).. ---
Appears in 2 contracts
Samples: Revolving Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Ralston Purina Co)
Types and Amounts. No Issuing Bank Lender shall have any no obligation to and no Issuing Bank shallshall not:
(A) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Revolving Credit Amount Loan Commitment at such time, or (ii) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any maximum Letter of CreditCredit Obligation; or
(B) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Revolving Credit Termination Date; provided, that any Letter of Credit with a one one-year tenor term may provide for the renewal thereof for additional one one-year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 2 contracts
Samples: Credit Agreement (Quixote Corp), Credit Agreement (Quixote Corp)
Types and Amounts. No The Issuing Bank shall not have any obligation to and no the Issuing Bank shallshall not:
(Ai) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (ia) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (iib) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit25,000,000; or
(Bii) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ia) one (1) year after the date of issuance thereof or (iib) five (5) Business Days immediately preceding the Commitment Revolving Loan Termination Date; provided, provided that any Letter of Credit with a one one-year tenor may provide for the renewal thereof for additional one one-year periods (which shall in no event shall extend beyond the date referred to in clause (iib) above).
Appears in 2 contracts
Samples: Credit Agreement (Catalina Marketing Corp/De), Credit Agreement (Catalina Marketing Corp/De)
Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall:
(Ai) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Revolving Credit Amount Aggregate Commitment at such time, or time (iias such amount may be increased from time to time as provided in Section 2.5(C)) the aggregate outstanding amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit; or
(Bii) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (i) one (1) year after the date of issuance thereof or (ii) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one year tenor may provide for the renewal thereof for additional one year periods (which in no event shall extend beyond the date referred fifth (5th) Business Day prior to in clause (ii) abovethe Termination Date).
Appears in 2 contracts
Samples: Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V)
Types and Amounts. No The Issuing Bank shall not have any obligation to and no Issuing Bank shall:
(A) shall not: issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunderhereunder and calculated as of the date of issuance of any Letter of Credit, (ia) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (iib) the aggregate outstanding amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit10,000,000 at all times; or
(B) or issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one year tenor may provide for the renewal thereof for additional one year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
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Types and Amounts. No The Issuing Bank shall not have any obligation to and no the Issuing Bank shallshall not:
(Ai) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (ia) the amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (iib) the aggregate outstanding amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit10,000,000; or
(Bii) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ia) one (1) year after the date of issuance thereof or (iib) five (5) Business Days immediately preceding the Commitment Revolving Loan Termination Date; provided, PROVIDED that any Letter of Credit with a one one-year tenor may provide for the renewal thereof for additional one one-year periods (which shall in no event shall extend beyond the date referred to in clause CLAUSE (iiB) above).
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Types and Amounts. No Issuing Bank shall have any obligation to and ----------------- no Issuing Bank shall:
(A) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (ii) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit10,000,000; or
(B) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one one-year tenor term -------- may provide for the renewal thereof for additional one one-year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).. ----------
Appears in 1 contract
Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall:
(A) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (ii) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit15,000,000; or
(B) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one one-year tenor term may provide for the renewal thereof for additional one one-year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 1 contract
Types and Amounts. No The Issuing Bank shall not have any obligation to and no Issuing Bank shall:
(A) shall not: issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunderhereunder and calculated as of the date of issuance of any Letter of Credit, (ia) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (iib) the aggregate outstanding amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit5,000,000 at all times; or
(B) or issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one year tenor may provide for the renewal thereof for additional one year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 1 contract
Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall:
(Ai) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (ia) the amount Dollar Amount of the Revolving Credit Obligations plus the CP Amount at such time would exceed the Maximum Revolving Credit Amount Aggregate Commitment at such time, time or (iib) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 25,000,000 calculated as of the date of issuance of any Letter of Credit; or
(Bii) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one year tenor may provide for the renewal thereof for 48 57 additional one year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 1 contract
Samples: Credit Agreement (Plexus Corp)
Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall:
(A) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (ii) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit10,000,000; or
(B) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Revolving Credit Termination Date; provided, that any Letter of Credit with a one one-year tenor term may provide for the renewal thereof for additional one one-year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 1 contract
Samples: Credit Agreement (Quixote Corp)
Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall:
(A) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (i) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (ii) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 calculated as of the date of issuance of any Letter of Credit15,000,000; or
(B) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Revolving Credit Termination Date; providedPROVIDED, that any Letter of Credit with a one one-year tenor term may provide for the renewal thereof for additional one one-year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 1 contract
Types and Amounts. No The Issuing Bank shall not have any obligation to and no Issuing Bank shallshall not:
(Ai) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (ia) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Aggregate Revolving Credit Amount Loan Commitment at such time, or (iib) the aggregate outstanding amount of the L/C Obligations would exceed $3,000,000 20,000,000, calculated as of the date of issuance of any Letter of Credit; or
(Bii) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one year tenor may provide for the renewal thereof for additional one year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 1 contract
Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing Bank shall:
(Ai) issue (or amend) any Letter of Credit if on the date of issuance (or amendment), before or after giving effect to the Letter of Credit requested hereunder, (ia) the amount Dollar Amount of the Revolving Credit Obligations at such time would exceed the Maximum Revolving Credit Amount Aggregate Commitment at such time, or (iib) the aggregate outstanding amount Dollar Amount of the L/C Obligations would exceed $3,000,000 100,000,000 (as such amount may be increased from time to time as provided in Section 2.5(C)), in each case, calculated as of the date of issuance of any Letter of Credit; or
(Bii) issue (or amend) any Letter of Credit which has an expiration date later than the date which is the earlier of (ix) one (1) year after the date of issuance thereof or (iiy) five (5) Business Days immediately preceding the Commitment Termination Date; provided, that any Letter of Credit with a one year tenor may provide for the renewal thereof for additional one year periods (which in no event shall extend beyond the date referred to in clause (iiy) above).
Appears in 1 contract