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Available LC Amount definition

Available LC Amount means at any time an amount equal to the lesser of (i) $150,000,000 and (ii) the excess, if any, of the aggregate amount of the Commitments over the aggregate outstanding amount of A Advances plus B Advances plus Swingline Loans at such time.
Available LC Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).
Available LC Amount means, at any time, with respect to any Letter of Credit, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing), provided, that if any Letter of Credit provides for future increases in the maximum amount available to be drawn under such Letter of Credit, then the “Available LC Amount” of such Letter of Credit shall mean, at any time, the maximum amount available to be drawn under such Letter of Credit after taking into account all increases in the availability thereunder.

Examples of Available LC Amount in a sentence

  • The Available L/C Amount as of the close of business on the Distribution Date specified above for Class A of this Series................

  • The Available L/C Amount as of the close of business on the Distribution Date specified above for Class A of this Series..

  • The Available L/C Amount as of the close of business on the Distribution Date specified above for Class A of this Series.

  • The Available L/C Amount as of the close of business on the Distribution Date specified above for this Series......

  • The initial Available LC Amount of each Letter of Credit shall not be less than $100,000 or such lesser amount as is acceptable to the respective Issuing Bank.


More Definitions of Available LC Amount

Available LC Amount means, on any date, with respect to each Borrower, an amount equal to the excess (if any) of $15,000,000 over the aggregate Letter of Credit Liabilities of all other Borrowers on such date.
Available LC AmountBorrower Subsidiaries" and "Wholly-Owned Subsidiary" set forth in Section 1.01 of the Credit Agreement are hereby amended to read in their entirety as follows:
Available LC Amount on any date means the maximum undrawn amount available to be drawn by the Beneficiary under the Letter of Credit on such date.
Available LC Amount means at the time of the issuance of any Letter of Credit an amount equal to the lesser of (a) $600,000,000 and (b) the aggregate amount of the Revolving Advance Commitments less the sum of the aggregate outstanding amount of (i) Revolving Advances and (ii) Swingline Loans at such time.
Available LC Amount means, at any time, with respect to any Letter of Credit, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing), provided, that if any Letter of Credit provides for future increases in the maximum amount available to be drawn under such Letter of Credit, then the “Available LC Amount” of such Letter of Credit shall mean, at any time, the maximum amount available to be drawn under such Letter of Credit after taking into account all increases in the availability thereunder. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEAAffected Financial Institution. “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other 4 -
Available LC Amount means at any time an amount equal to the lesser of (x) $25,000,000 and (y) the excess, if any, of (i) the aggregate amount of the Tranche A Commitments over (ii) the aggregate outstanding principal amount of the Tranche A Loans.
Available LC Amount of such Letter of Credit shall mean, at any time, the maximum amount available to be drawn under such Letter of Credit after taking into account all increases in the availability thereunder. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEAAffected Financial Institution. “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other 4 -