LC Facility Commitment definition

LC Facility Commitment as to any LC Facility Lender, its obligation to make an LC Facility Deposit pursuant to subsection 2.1(b) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name in Schedule A-1 under the heading “LC Facility Commitment,” and collectively, as to all LC Facility Lenders, the “LC Facility Commitments”. The original aggregate amount of the LC Facility Commitments on the Closing Date is $150.0 million.

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LC Facility Commitment means, with regard to each LC Lender, the commitment of such LC Lender to participate in LC Facility Letters of Credit in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule III or in the Assignment and Acceptance or Increase and Joinder Agreement, as applicable, pursuant to which such LC Lender becomes a party hereto, as such amount may be adjusted from time to time pursuant to this Agreement. “LC Facility Commitments” means the aggregate of such commitments for all Lenders, and the aggregate amount of the LC Facility Commitments on the Effective Date is $1,390,000,000.00.

LC Facility Commitment means, as to any LC Facility Lender, the commitment of such LC Facility Lender to deposit Credit-Linked Deposits with the Administrative Agent on the Closing Date, representing the maximum amount such LC Facility Lender has agreed to make as a Credit-Linked Deposit hereunder, all as set forth on Schedule 2.01, as the same may be increased or decreased in accordance with the terms of this Agreement. The initial aggregate amount of all of the LC Facility Lenders’ LC Facility Commitments on the Closing Date is $40,000,000.

Examples of LC Facility Commitment in a sentence

On the terms and subject to the conditions contained in this Agreement, each LC Facility Lender severally agrees to make an LC Facility Deposit on the Closing Date in an amount equal to such LC Facility Lender’s LC Facility Commitment.
Within the limits of each LC Facility Lender Lender’s Unused LC Facility Commitment in effect from time to time and subject to the aggregate limits specified above, the Borrower may borrow under this Section 2.01(d), prepay pursuant to Section 2.04(a) or repay pursuant to Section 2.04(b) and reborrow under this Section 2.01(d).
Subject to the terms and conditions set forth herein, each Term L/C Facility Lender severally agrees to make a term loan in Dollars to the Borrower on the Closing Date in an amount equal to the Term L/C Facility Commitment of such Term L/C Facility Lender.
Each LC Facility Lender shall deposit with the Administrative Agent its Credit-Linked Deposit in the full amount of its LC Facility Commitment on the Closing Date.
On the terms and subject to the conditions contained in this Agreement, each LC Facility Lender severally agrees to make an LC Facility Deposit in Dollars on the Closing Date in an amount equal to such LC Facility Lender’s LC Facility Commitment.

More Definitions of LC Facility Commitment

LC Facility Commitment means, with respect to any LC Facility Lender at any time, the amount set forth opposite such LC Facility Lender’s name on Annex I hereto under the caption “LC Facility Commitment” or, if such LC Facility Lender has entered into one or more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent as such LC Facility Lender’s “LC Facility Commitment,” as such amount may be reduced at or prior to such time pursuant to Section 2.04(b) or 5.01. The LC Facility Commitment of an LC Facility Lender and the LC Facility Issuing Commitment of such LC Facility Lender its capacity as an LC Facility Issuing Bank shall at all times be equal.

LC Facility Commitment means, with respect to each LC Facility Lender participating in the LC Facility Letters of Credit, the amount set forth on Schedule 2 hereto representing the aggregate amount such Lender has agreed to make as Credit-Linked Deposits as the same may be increased or decreased in accordance with the terms of this Agreement.

LC Facility Commitment shall have the meaning given such term in Section 2.7.

LC Facility Commitment means, with respect to each LC Facility Lender, the commitment, if any, of such LC Facility Lender to make LC Facility Deposits hereunder up to the amount set forth on Schedule 2.01 attached hereto or in the Assignment and Assumption pursuant to which such LC Facility Lender assumed its LC Facility Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04. The aggregate amount of the Lenders' LC Facility Commitments on the Closing Date is $15.0 million.

LC Facility Commitment means the commitment of a LC Facility Lender to acquire participations in LC Facility Letters of Credit and make LC Facility Loans pursuant to subsection 2.1A(v), and "LC Facility Commitments" means such commitments of all LC Facility Lenders in the aggregate.

LC Facility Commitment means the commitment of a LC Facility Lender to acquire participations in LC Facility Letters of Credit and make LC Facility Loans pursuant to

LC Facility Commitment. $10,000,000 as such amount may be reduced from time to time pursuant to the terms hereof.