Aggregate Letter of Credit Commitment definition

Aggregate Letter of Credit Commitment means the several obligations of the Issuing Banks to issue (or arrange with a Foreign Issuer for the issuance of) Letters of Credit for the account of any Borrower Party from time to time in an aggregate face amount not to exceed $235,000,000 pursuant to the terms of this Agreement; provided, however, the aggregate face amount of all outstanding Standby Letters of Credit (including any Existing Letters of Credit that are Standby Letters of Credit) shall not at any time exceed $40,000,000.
Aggregate Letter of Credit Commitment at any time, the sum of the Letter of Credit Commitments of the Issuers at such time. The Aggregate Letter of Credit Commitment on the Effective Date is $150,000,000.
Aggregate Letter of Credit Commitment means $1,000,000,000, as such amount may be reduced from time to time pursuant to the terms hereof.

Examples of Aggregate Letter of Credit Commitment in a sentence

  • The Aggregate Letter of Credit Commitment on the Effective Date is $150,000,000.

  • The Aggregate Letter of Credit Commitment on the Effective Date is $250,000,000.


More Definitions of Aggregate Letter of Credit Commitment

Aggregate Letter of Credit Commitment means the several obligations of the Issuing Banks to issue (or arrange with a Foreign Issuer for the issuance of) Letters of Credit for the account of Borrowers from time to time in an aggregate face amount not to exceed $175,000,000 pursuant to the terms of this Agreement.
Aggregate Letter of Credit Commitment means $20,000,000, as such amount may be reduced from time to time pursuant to the terms hereof.
Aggregate Letter of Credit Commitment means the several obligations of the Issuing Banks to issue (or arrange with a Foreign Issuer for the issuance of) Letters of Credit for the account of any Borrower Party from time to time in an aggregate face amount not to exceed $175,000,000 pursuant to the terms of this Agreement; provided, however, the aggregate face amount of all outstanding Standby Letters of Credit shall not at any time exceed
Aggregate Letter of Credit Commitment means the aggregate amount of the Letter of Credit Commitments of all the Lenders, which aggregate amount equals Ten Million and 00/100 Dollars ($10,000,000) as of the Effective Date.
Aggregate Letter of Credit Commitment shall have the meaning set forth in Section 2.1(d).
Aggregate Letter of Credit Commitment means the combined Letter of Credit Commitments of the Lenders as set forth in Schedule I attached hereto, the aggregate of which shall not exceed $15,000,000
Aggregate Letter of Credit Commitment means the lesser of (a) the Aggregate Commitment and (b) $1,000,000,000, as any such amount shall be reduced from time to time pursuant to the terms of this Agreement.