L/C Commitment Amount definition

L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

L/C Commitment Amount means $100,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.06.

L/C Commitment Amount means $700,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.06.

Examples of L/C Commitment Amount 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 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).

More Definitions of L/C Commitment Amount

L/C Commitment Amount means $10,000,000, as such amount may be reduced from time to time pursuant to the terms of this Agreement.

L/C Commitment Amount means, at any time, the difference between (i) the lesser of (a) the Revolving Credit Commitment Amount at such time and (b) $30,000,000 and (ii) any L/C Commitment Reductions.

L/C Commitment Amount means an amount equal to $10,000,000.

L/C Commitment Amount means an amount equal to $5,000,000.00.

L/C Commitment Amount means, on any date of determination, an amount equal to 10% of the Revolving Commitments of all Revolving Lenders on such date.

L/C Commitment Amount. $25,000,000.

L/C Commitment Amount equals $50,000,000.