DESC Sublimit definition

DESC Sublimit means $500,000,000 as such amount may be adjusted pursuant to Sections 2.6(e) and 2.9.
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DESC Sublimit means $500,000,000 as such amount may be adjusted pursuant to Sections 2.6(e) and 2.9. “Dollar”, “dollar” and “$” means lawful currency of the United States.
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Related to DESC Sublimit

  • 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.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $50,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.