L/C Amount definition

L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

L/C Amount means the sum of (i) the Aggregate Face Amount of any outstanding Letters of Credit, plus (ii) the amount of each Obligation of Reimbursement that either remains unreimbursed or has not been paid through a Revolving Advance on the Credit Facility.

L/C Amount means the sum of (a) the Aggregate Face Amount of any outstanding Letters of Credit, plus (b) the amount of each Obligation of Reimbursement that either remains unreimbursed or has not been paid through an Advance on the Line of Credit.

Examples of L/C Amount in a sentence

• L/C Amount Such amount (the “L/C Amount”) as the Applicant shall notify to the [Issuing Bank and the Advising and Negotiating Bank] from time to time as being the BPDB Letter of Credit Amount as defined in and calculated (and recalculated from time to time) in accordance with the provisions of the Contract dated ......................

• L/C Amount Such amount (the “L/C Amount”) as the Applicant shall notify to the [Issuing Bank and the Advising and Negotiating Bank] from time to time as being the BPDB Letter of Credit Amount as defined in and calculated (and recalculated from time to time) in accordance with the provisions of the Contract dated between the Company and Applicant.

• Within five (5) days after such increase in the LC Amount, Tenant shall deposit with Landlord a replacement or supplementary Letter of Credit such that at all times during the Term of this Lease and for sixty (60) days after the Expiration Date, Landlord shall be holding one or more Letters of Credit totaling, in the aggregate, the LC Amount (as so increased).

• The Lender shall have no obligation to cause an Issuer to issue any Letter of Credit if the face amount of the Letter of Credit to be issued would exceed the lesser of: (1) $1,000,000 less the Aggregate L/C Amount, or (2) such Borrower's Availability.

• The Borrower shall pay to the Facility Agent (for the account of the LC Lenders), in relation to each Letter of Credit issued, a fee in dollars computed at the rate of one point five per cent (1.5%) per annum calculated daily on the LC Amount for the scheduled period of the Letter of Credit in respect of that Letter of Credit and payable on or prior to the date of issuance of that Letter of Credit.

More Definitions of L/C Amount

L/C Amount shall have the meaning assigned to such term in the definition of “Revolving L/C Exposure”.

L/C Amount means the sum of (i) the aggregate face amount of all issued and outstanding Letters of Credit, plus (ii) Unreimbursed L/C Obligations.

L/C Amount means the aggregate face amount of all Acceptable Letters of Credit required by Exhibit 31.

L/C Amount has the meaning specified in Section 6.13(c).

L/C Amount means the sum of (i) the aggregate amount that may be drawn on all issued and outstanding Letters of Credit, assuming compliance with all conditions for drawing thereunder and (ii) the unpaid amount of the Obligation of Reimbursement.

L/C Amount for a Borrower means the sum of (i) the Aggregate Face Amount of any issued and outstanding Letters of Credit for which such Borrower is the account party and (ii) the unpaid amount of the Obligation of Reimbursement with respect to such Letters of Credit.

L/C Amount for a Borrower means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit issued to such Borrower and (ii) the unpaid amount of the Obligation of Reimbursement of such Borrower.