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.
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, 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.
Examples of LC Facility Commitment in a sentence
The aggregate Commitment and L/C Facility Commitment of any Proposed New Bank shall be in a minimum amount of $15,000,000.
Upon any partial reduction of the L/C Facility Commitments, the Aggregate L/C Facility Commitment shall simultaneously reduce to an amount equal to the aggregate L/C Facility Commitments then in effect.
Nothing contained herein shall constitute, or otherwise be deemed to be, a commitment on the part of any Bank to increase its Commitment or L/C Facility Commitment hereunder at any time.
More Definitions of LC Facility Commitment
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.
LC Facility Commitment shall have the meaning given such term in Section 2.7.
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, 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 .
LC Facility Commitment has the meaning specified in the First Amendment.
LC Facility Commitment. $10,000,000 as such amount may be reduced from time to time pursuant to the terms hereof.
LC Facility Commitment means, as to any Lender, the amount set forth in the Confidential Lender Authorization of such Lender (or, in the case of Credit Suisse, in its capacity as a Lender, an amount equal to $5.0 million), representing the aggregate amount such Lender has agreed to make as Credit-Linked Deposits on the Amendment and Restatement Effective Date, as the same may be increased or decreased in accordance with the terms of this Agreement; provided that in the case of an Original LC Facility Lender that will also be an LC Facility Lender, the Credit-Linked Deposit of such LC Facility Lender will be made by such LC Facility Lender on the Amendment and Restatement Effective Date only to the extent required by Section 2.7(f)(iv).