Examples of Fronting Bank Commitment in a sentence
Subject to the foregoing, any reduction of the Commitments to an amount below $100,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount).
Subject to the foregoing, any reduction of the Commitments to an amount below $200,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount).
Subject to the foregoing, any reduction of the Commitments to an amount below $700,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount).
Subject to the foregoing, any reduction of the Commitments to an 744222473 amount below $100,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount).
If any Lender becomes a Fronting Bank after the date hereof (an “Additional Fronting Bank”), the L/C Fronting Bank Commitments of the Initial Fronting Banks shall be reduced by an aggregate amount equal to such Additional Fronting Bank’s L/C Fronting Bank Commitment, with such reduction to be allocated among the Initial Fronting Banks ratably in accordance with each Initial Fronting Bank’s respective L/C Fronting Bank Commitment on the date of such reduction.
Subject to the foregoing, any reduction of the Commitments to an amount below $150,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount).
Subject to the foregoing, any reduction of the Commitments to an amount below $225,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount).
Subject to the foregoing, any reduction of the Commitments to an amount below $35,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount).
Fiddlers Xxxxx XxxxxxXxxxxxxxx Xxxxxxx, XX 00000Xxxx: Loan Administration Contact: Xxxx XxxxxxxXxxxx: Email: Same as Domestic Lending Office First National Bank of Pennsylvania $7,133,913.47 00 Xxxxxxx XxxxxxXxx Xxxxxxxxxx Xxx., Xxxxx 000Xxxxxxxxxx XX 00000 Contact: Xxxxxx X XxxxxxXxxxx: Email: Same as Domestic Lending Office TOTAL $500,000,000.00 753190981 SCHEDULE II List of L/C Fronting Bank Commitments Fronting Bank Fronting Bank Address L/C Fronting Bank Commitment Mizuho Bank, Ltd.