Working Capital Letters of Credit. The sum of the maximum aggregate Stated Amount of all Letters of Credit outstanding at any time, the Stated Amount of any requested but not yet issued Letters of Credit, any Reimbursement Obligations remaining unpaid at any time and LC Loans outstanding at any time shall not exceed $26,700,000 (such amount, as reduced from time to time, the “Total LC Commitment”). The maximum Stated Amount of the O&M Reserve LC outstanding and the Stated Amount of any requested but not yet issued O&M Reserve LC at any time shall not exceed $2,570,000. The maximum Stated Amount of the Debt Service Reserve LC outstanding at any time and the Stated Amount of any requested but not yet issued Debt Service Reserve LC shall not exceed $6,630,000. The maximum Stated Amount of all Hedge LCs outstanding at any time shall not exceed $16,500,000. The maximum Stated Amount of all Working Capital LCs outstanding at any time shall not exceed $1,000,000.
Appears in 4 contracts
Samples: Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.), Financing Agreement (First Wind Holdings Inc.)
