Facility LC Sublimit definition

Facility LC Sublimit means $50,000,000.

Facility LC Sublimit means an amount the lesser of (a) $50,000,000 and (b) the aggregate amount of the Revolving Loan Commitments. The Facility LC Sublimit is part of, and not in addition to, the Revolving Credit Facility.

Facility LC Sublimit means $75,000,000, as such amount may be increased pursuant to Section 3.1.

Examples of Facility LC Sublimit in a sentence

• The Maximum Aggregate Face Amount does not exceed the Facility L/C Sublimit.

• The Facility LC Sublimit shall be increased from $5,000,000 to $5,500,000, and in that connection:.

• The Facility LC Sublimit shall be increased from $5,500,000 to $6,000,000; provided, however, that the maximum amount of the Aggregate Outstanding Revolving Credit Exposure, including the Facility LC Sublimit as so increased, shall remain at $27,000,000.

• Sum of all outstanding LC Obligations shall not exceed the Facility LC Sublimit and (ii) the Outstanding Loan Borrowings shall not exceed the Available Commitment.

• In no event shall the Bank be obligated to issue or Modify any Facility LC if the issuance or Modification of any such Facility LC would cause the aggregate amount of the outstanding LC Obligations to exceed the Facility LC Sublimit, as reduced hereby.

More Definitions of Facility LC Sublimit

Facility LC Sublimit means Twenty-Five Million and No/100 Dollars ($25,000,000.00).

Facility LC Sublimit means Ten Million and No/100 Dollars ($10,000,000.00).

Facility LC Sublimit means Thirty Million Dollars ($30,000,000).

Facility LC Sublimit means the sum of $500,000 or such other amount as may be established by the Lender from time to time, in its sole discretion, as the Facility LC Sublimit.

Facility LC Sublimit means [$75,000,000], as such amount may be increased pursuant to Section 3.1 .

Facility LC Sublimit set forth in Section 1.1 of the Loan Agreement is hereby amended and restated as follows:

Facility LC Sublimit means the amount of Fifteen Million Dollars ($15,000,000).