LC Subcommitment definition

LC Subcommitment means $50 million or, if less, the Aggregate Commitment at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.
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LC Subcommitment means $10050 million or, if less, the Aggregate Commitment at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.
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LC Subcommitment means the lesser, as of any date of determination, of (i) $100,000,000 and (ii) the Facility Amount.
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Examples of LC Subcommitment in a sentence

  • On the Termination Date, all outstanding Advances shall be due and payable and the Facility Amount and LC Subcommitment shall be automatically and permanently reduced to zero.

  • If at any time, by reason of any voluntary or mandatory Facility Reduction or for any other reason, the LC Exposure exceeds the then LC Subcommitment, the Borrower shall immediately deposit Dollars in an amount equal to such excess to the XX Xxxx Collateral Account.

  • If the Total Revolving Credit Commitment Amount is reduced to an amount less than the Domestic L/C Subcommitment, the Domestic L/C Subcommitment shall automatically be deemed reduced to an amount equal to the Total Revolving Credit Commitment Amount.

  • If the Total Revolving Credit Commitment Amount is reduced to any amount less than the Sterling L/C Subcommitment, the Sterling L/C Subcommitment shall automatically be deemed reduced to an amount equal to the Total Revolving Credit Commitment Amount.

  • If at any time, by reason of any voluntary or mandatory Revolving Facility Reduction or for any other reason, the LC Exposure exceeds the then LC Subcommitment, the Borrower shall immediately deposit Dollars in an amount equal to such excess to the LC Cash Collateral Account.

  • Unless otherwise specified by the Borrower in the applicable notice, the Swing Line Subcommitment and the L/C Subcommitment shall not be reduced by any such reduction unless and until the aggregate Revolving Loan Commitments are reduced to an amount less than the Swing Line Subcommitment and the L/C Subcommitment in which case the Swing Line Subcommitment and the L/C Subcommitment shall be reduced to such amount.

  • If at any time, by reason of any voluntary or mandatory Facility Reduction or for any other reason, the LC Exposure exceeds the then LC Subcommitment, the Borrower shall immediately deposit Dollars in an amount equal to such excess to the Citibank Collateral Account in the manner described in Section 7.02.


More Definitions of LC Subcommitment

LC Subcommitment means $300 million or, if less, the Aggregate Commitment at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.
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Related to LC Subcommitment

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • LC Commitment means that portion of the Aggregate Revolving Commitments that may be used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $15,000,000.

  • Facility A Commitment means, with respect to any Lender, the principal amount set out beside such Lender's name in Schedule V with reference to Facility A, as amended from time to time, and to the extent not cancelled or terminated hereunder.