Borrowing Sublimit definition

Borrowing Sublimit means $300,000,000.00.
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Borrowing Sublimit means with respect to any Subsidiary Borrower, the WIC Sublimit or the Additional Borrower Sublimit of such Subsidiary Borrower, as applicable.
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Borrowing Sublimit means $200,000,000.
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Examples of Borrowing Sublimit in a sentence

  • Subject to the foregoing, any reduction of the Commitments by an amount in excess of the Borrowing Sublimit shall result in a reduction of the L/C Commitment Amount to the extent of such excess.

  • In no event shall the Borrower be entitled to request or receive any Advance that would cause the total principal amount of all Outstanding Credits to exceed the Total Commitment, or that would cause the aggregate principal amount of all Advances outstanding to or requested by the Borrower to exceed the Borrowing Sublimit.

  • Within the limits of each Lender’s Revolving Lending Commitment and the Borrowing Sublimit, amounts of Loans repaid may be reborrowed under this Section 2.1. The entire amount of the Revolving Commitments will be available in the form of letters of credit issued pursuant to Section 2.4.

  • If at any time, the aggregate principal amount of Advances outstanding to the Borrower shall exceed the Borrowing Sublimit, the Borrower shall forthwith prepay Advances in a principal amount equal to such excess.

  • For purposes of this Section, the “Proportionate Share” of a Subsidiary Borrower means at any time a percentage determined by dividing the Borrowing Sublimit of such Subsidiary Borrower in effect at such time by the dollar amount of the Aggregate Commitments at such time.

  • Within the limits of such Lender's Available Commitment and the Borrowing Sublimit, the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

  • Any Commitment Increase shall not increase the Borrowing Sublimit.

  • The Letter of Credit Sublimit shall be subject to upward adjustment provided there is a corresponding reduction in the Direct Borrowing Sublimit as described in the Letters of Credit section below.

  • The department’s reviews of non-government schools continue to verify that schools will be using the NQS to inform quality improvement in the early years, by the start of 2016.Young people disengaged from educationThe department registers ten CARE schools that provide critical education, training, and life skills to over 900 students, across 17 separate campuses within metropolitan and regional areas.

  • If at any time the aggregate Advances outstanding under each individual Line of Credit Sublimit exceeds the total sum of the Maximum Borrowing Sublimit Amount, Borrower will, within five (5) days after Lender's request therefor, either (a) provide additional Collateral acceptable to Lender, or (b) make payments to Lender, in either case in an amount not less than such excess so that the amount of the aggregate Advances does not exceed the total sum of the Maximum Borrowing Sublimit Amount.


More Definitions of Borrowing Sublimit

Borrowing Sublimit means $300,000,000.
Sample 1
Borrowing Sublimit means an amount equal to $850,000,000 available to the Borrower for Revolving Credit Advances, as the same may be reduced pursuant to Section 2.05(b); provided that the Borrowing Sublimit shall not be applicable to any Revolving Credit Advances with respect to which the proceeds therefrom are used to repay any Letter of Credit Advance pursuant to Section 2.06(c). The Borrowing Sublimit is part of, and not in addition to, the Revolving Credit Facility.
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Related to Borrowing Sublimit

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • L/C Sublimit means an amount equal to $5,000,000. The L/C Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • LC Sublimit means $500,000,000.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • L/C Issuer Sublimit means with respect to each L/C Issuer, such amount as may be separately agreed between such L/C Issuer and the Borrower from time to time (with specific notice of such amount, and any change thereto, with respect to each L/C Issuer being promptly communicated to the Administrative Agent), provided that the L/C Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).

  • Swing Line Sublimit means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • Foreign Currency Sublimit means $100,000,000.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $500,000,000.