LC Available Amount definition

LC Available Amount means, for any Letter of Credit on any date of determination, the maximum amount available to be drawn under such Letter of Credit at any time on or after such date (assuming the satisfaction of all conditions for drawing enumerated therein).
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LC Available Amount means, as of any time, the then current aggregate available amount under all Qualified LCs then held by Xxxx pursuant to Section 12.4(b) below; provided that if and for so long as a Letter of Credit ceases to be a Qualified LC, the available amount thereof shall not be included in the LC Available Amount.
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LC Available Amount means, as of any time, the sum of the then current aggregate available amount under all Qualified LCs then held by Aron pursuant to Section 13.4(b) below and the amount drawn by Aron under such Qualified LCs and then held by Aron as additional cash collateral as contemplated under Section 13.4(b)(iii); provided that if and for so long as a Letter of Credit ceases to be a Qualified LC, the available amount thereof shall not be included in the LC Available Amount.
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Examples of LC Available Amount in a sentence

  • Revolving LC Loans that are converted to Daily Compounded SOFR Senior Loans in respect of Revolving LCs with respect to a specific Revolving LC Available Amount shall constitute a single Daily Compounded SOFR Senior Loan for the purposes of Section 4.4(b) hereunder.

  • It is understood and agreed that, in connection with the issuance of any Subsidiary Letter of Credit, the related Letter of Credit previously issued may have to be amended or re-issued to reflect the reduction of the L/C Available Amount thereof.

  • Each Synthetic L/C Credit Extension shall automatically reduce the Synthetic L/C Available Amount by the amount of such Synthetic L/C Credit Extension.

  • In such event, the Borrower shall be deemed to have requested a Synthetic L/C Borrowing under the Synthetic L/C Facility of Eurodollar Rate Loans as described in subsection (iii) below, to be disbursed on the Business Day immediately following the Honor Date in an amount not to exceed the Unreimbursed Amount thereof subject to the amount of the Synthetic L/C Available Amount (without regard to the conditions set forth in Section 3.02).

  • Symbol Technologies do Brasil S.A. Schedule 1.03 Existing Letters of Credit Account Party Issuer L/C Available Amount Effective Date Actual Expiry Zebra Technologies Corporation JPMorgan Chase Bank, N.A. $378,101 June 14, 1995 March 3, 2015 Zebra Technologies Europe Ltd.


More Definitions of LC Available Amount

LC Available Amount means, for any Letter of Credit on any date of determination, the maximum amount available to be drawn under such Letter of Credit at any time on or after such date (assuming the satisfaction of all conditions for drawing enumerated therein). “XX Xxxx Collateral Account” means an interest bearing cash collateral account established upon the occurrence of an Event of Default by the Senior Facility Agent in its name for the benefit of the Senior Lenders, subject to the terms of this Agreement. “LC Exposure” means, as of any time of determination, the sum of the DSR LC Exposure at such time and the Working Capital LC Exposure at such time. “LC Fee” has the meaning provided in Section 4.13(b) (Fees). “LC Loan” means a loan by a Senior Lender to the Borrower deemed made pursuant to Section 3.03(c) and 3.03
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Related to LC Available Amount

  • Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of: