Issuer Sublimit definition

Issuer Sublimit has the meaning specified in Section 2.03(l)(ii).

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Issuer Sublimit means (i) in the case of Citibank, in its capacity as Issuer, $25,000,000 and (ii) in the case of any other Issuer, the amount agreed to between such Issuer and the Borrower at the time such Issuer becomes an Issuer.

Issuer Sublimit means, as applicable, an Issuer 2020 Sublimit or an Issuer 2022 Sublimit.

Examples of Issuer Sublimit in a sentence

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.
Without limiting the foregoing and without affecting the limitations contained herein, it is understood and agreed that any Borrower may from time to time request that an Issuer issue Facility Letters of Credit in excess of its individual Issuer Sublimit in effect at the time of such request, and each Issuer may, in its sole discretion, issue Facility Letters of Credit in excess of its individual Issuer Sublimit.
Any Facility Letter of Credit so issued by an Issuer in excess of its individual Issuer Sublimit then in effect shall nonetheless constitute a Facility Letter of Credit for all purposes of this Agreement, and shall not affect the Issuer Sublimit of any other Issuer, subject to the limitations set forth in Section 2.15.2(c) above.
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 a L/C Issuer or making any change to its L/C Issuer Sublimit.
Each L/C Issuer shall agree with the Company and inform the Administrative Agent of its L/C Issuer Sublimit.

More Definitions of Issuer Sublimit

Issuer Sublimit means, as of the Second Amendment Effective Date, (i) $25,000,000, in the case of Bank of America, (ii) $25,000,000, in the case of Fifth Third Bank, (iii) $25,000,000, in the case of JPMorgan Chase Bank, N.A., (iv) $25,000,000, in the case of PNC Bank National Association, and (v) such amount as shall be designated to the Administrative Agent and the Lead Administrative Borrower in writing by any other Issuer; provided that any Issuer shall be permitted at any time to increase (to an amount not exceeding the Letter of Credit Sublimit) upon providing three (3) Business Days’ prior written notice thereof to the Administrative Agent and the Lead Administrative Borrower.

Issuer Sublimit means, with respect to (i) Barclays, $100,000,000, (ii) Truist Bank, $50,000,000 and (iii) any other Issuer, the amount set forth in the applicable agreement pursuant to which such Issuer became an Issuer, in each case, as may be amended from time to time as agreed by the Company, the Administrative Agent and the applicable Issuer.

Issuer Sublimit means with respect to each L/C Issuer on the ClosingThird Amendment Effective Date, an amount equal to the amount set forth opposite the name of such L/C Issuer on Schedule 2.03, as such amount may be changed after the ClosingThird Amendment Effective Date in a written agreement between the Administrative Borrower and such L/C Issuer (which such agreement shall be promptly delivered to the Administrative Agent upon execution) and (b) with respect to any Lender becoming a L/C Issuer after the ClosingThird Amendment Effective Date, such amount as may be separately agreed in writing between such L/C Issuer and the Administrative Borrower from time to time (which such agreement shall be promptly delivered to the Administrative Agent upon execution), provided that the Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).

Issuer Sublimit means, with respect to (i) Barclays, $100,000,000, (ii) Truist Bank, $50,000,000 and, (iii) Royal Bank of Canada, $50,000,000 and (iv) any other Issuer, the amount set forth in the applicable agreement pursuant to which such Issuer became an Issuer, in each case, as may be amended from time to time as agreed by the Company, the Administrative Agent and the applicable Issuer.

Issuer Sublimit means, for each Issuing Bank, either (i) $200,000,000 or (ii) such other amount as is agreed upon in writing, with notice given to the Administrative Agent, between such Issuing Bank and the Borrower.

Issuer Sublimit means, with respect to any Lender becoming an L/C Issuer after the Closing Date, such amount as may be separately agreed in writing between such L/C Issuer and the Borrower from time to time (which such agreement shall be promptly delivered to the Administrative Agent upon execution), provided that the Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the previously issued Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof). As of the Closing Date the Issuer Sublimit of JPMorgan Chase Bank as L/C Issuer is $25,000,000 and the Issuer Sublimit of Bank of America, N.A. as L/C Issuer is $25,000,000.

Issuer Sublimit means, as to any L/C Issuer, its obligation to issue Letters of Credit pursuant to Section 2.04 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite its name on Schedule 2.04(b), as such amount may be adjusted from time to time in accordance with this Agreement.