Foreign Sublimit definition

Foreign Sublimit means, initially, an amount equal to fifty percent (50%) of the Aggregate Commitments or the Alternative Currency Equivalent thereof, as may be adjusted from time to time at the discretion of the Lenders, upon request of the Borrowers.

Foreign Sublimit means the lesser of (a) the Dollar Equivalent of $500,000,000 and (b) the Revolving Credit Commitment.

Foreign Sublimit means the lesser of (a) the Dollar Equivalent of $500,000,000 and (b) the Revolving Credit Commitment. “Foreign Subsidiary” means each Restricted Subsidiary of the Parent Borrower that is not organized under the laws of the United

Examples of Foreign Sublimit in a sentence

• No Foreign Borrower shall request and no Issuing Lender shall issue any Letter of Credit for the account of such Foreign Borrower if, after issuing such Letter of Credit, the aggregate Foreign Borrower Exposure of all Foreign Borrowers shall exceed the Aggregate Foreign Sublimit then in effect.

• Any reduction of the Total Commitments shall result in an automatic pro rata reduction of the Aggregate Foreign Sublimit then in effect or as otherwise directed by the Company and approved by the Administrative Agent.

• An amount which is available for Borrowings in accordance with 8.22.1 equal to the aggregate amount of Indebtedness of the Company consisting of guaranties of the Foreign Scheduled Facilities, as such Foreign Sublimit may be amended from time to time with the consent of the Company and the Agent.

• The proceeds of the Loans shall be used for working capital and general corporate purposes; provided, however, that Borrowings made under the Foreign Sublimit may be used solely to satisfy the Company's obligations pursuant to guaranties of Foreign Scheduled Facilities.

• An amount equal to the sum of (i) the outstanding amount of all Loans (after giving effect to all amounts requested), (ii) the Maximum Drawing Amount, (iii) all Unpaid Reimbursement Obligations and (iv) the amount by which the Foreign Sublimit exceeds the outstanding amount of Loans borrowed to satisfy the Company's obligations under guaranties of the Foreign Scheduled Facilities.

More Definitions of Foreign Sublimit

Foreign Sublimit means an amount equal to the lesser of the Total Commitments and U.S. $250,000,000. The Foreign Sublimit is part of, and not in addition to, the Total Commitments.

Foreign Sublimit means, at any time and with respect to any Foreign Borrower, the amount set forth opposite such Foreign Borrower’s name on Schedule 1(a) hereto (as the same may be amended from time to time in accordance with the terms hereof). Each Foreign Sublimit is part of, and not in addition to, the Total Commitments.

Foreign Sublimit means $65,000,000.

Foreign Sublimit set forth in §1.1 of the Credit Agreement is amended and restated in its entirety to read as follows: “Foreign Sublimit. $200,000,000 (or the Optional Currency equivalent thereof); provided that, upon the effectiveness of the Borders Ireland Joinder, the Foreign Sublimit shall be increased to $300,000,000 (or the Optional Currency equivalent thereof).”

Foreign Sublimit means the sum of the European Sublimit and the Canadian Sublimit.

Foreign Sublimit means the lesser of (i) the Dollar Equivalent of $500,000,000 and (ii) the Revolving Credit Commitment.

Foreign Sublimit means $5,000,000.