Examples of Issuer Sublimit in a sentence
If, after giving effect to any prepayment of the Revolving Credit Commitments that results in a reduction of the Revolving Credit Commitments, the Letter of Credit Sublimit exceeds the amount of the Revolving Credit Commitments, such sublimit shall be automatically reduced by the amount of such excess (including a corresponding reduction to each Issuing Bank’s Letter of Credit Issuer Sublimit (ratably) unless otherwise agreed by the Borrower and each applicable Issuing Bank).
If, after giving effect to any reduction of the Revolving Credit Commitments, the Letter of Credit Sublimit exceeds the amount of the Revolving Credit Commitments, such sublimit shall be automatically reduced by the amount of such excess (including a corresponding reduction to each Issuing Bank’s Letter of Credit Issuer Sublimit (ratably) unless otherwise agreed by the Borrower and each applicable Issuing Bank).
This economic view is consistent with the assertion that WLB policies are a means of maximising labour force productivity (Bloom, Kretschmer, & van Reenen, 2006), since they contribute to a significant reduction in extended hours and fatigue, which have a negative effect on productivity.
We surmise that social mechanisms may explain processes that enable the exchange of information between ecosystem partners (surface structures) while supporting the exchange of knowledge sharing (e.g., deep structures).
In addition, each L/C Issuer shall provide notice to the Administrative Agent of its L/C Issuer Sublimit, or any change thereto, promptly upon it becoming an L/C Issuer or making any change to its L/C Issuer Sublimit.