LC SUBFACILITY means a subfacility of the Revolving Facility for the issuance of LCs, as described in SECTION 2.3, under which the LC Exposure may never (a) collectively exceed $30,000,000 (or, in the case of an LC denominated in a Foreign Currency, the Dollar Equivalent of $30,000,000) and (b) together with Principal Debt may never exceed the Total Commitment.
LC SUBFACILITY means a subfacility of the Revolver Facility for the issuance of LCs as described in and subject to the limitations of SECTION 2.2, under which the LC Exposure may never (a) collectively exceed $50,000,000 and (b) together with the Principal Debt may never exceed the Revolver Commitment.
LC SUBFACILITY means a subfacility for the issuance of LCs (the LC Exposure in connection with which may never exceed the LC Commitment), as described in and subject to the limitations of Section 2.
More Definitions of LC SUBFACILITY
LC SUBFACILITY means a subfacility of the Revolving Facility for the issuance of LCs, as described in SECTION 2.4, under which the LC Exposure may never exceed $5,000,000 in the aggregate. For the avoidance of doubt, LCs may only be requested or issued as a Dollar commitment to be funded as a Domestic Borrowing under the Revolving ULTRAK-SECOND AMENDMENT TO CREDIT AGREEMENT 2 Facility and all communications from Borrower in respect of LCs shall be with Administrative Agent.
LC SUBFACILITY means a subfacility under the Revolving Credit Tranche for the issuance of LCs, as described in SECTION 2.3.
LC SUBFACILITY has the meaning set forth in Section 2.11(b) hereof.
LC SUBFACILITY has the meaning set forth in Section 2.12(b).
LC SUBFACILITY means a subfacility of the Revolver Facility for the issuance of LCs as described in and subject to the limitations of SECTION 2.2, under which the Dollar Equivalent of the LC Exposure may never (a) collectively exceed $500,000,000 and (b) together with the Principal Debt may never exceed the Revolver Commitment. LENDERS means, on any date of determination, the financial institutions named on SCHEDULE 2.1 (as the same may be amended from time to time by Administrative Agent to reflect the addition of new Lenders pursuant to SECTION 2.4 and to reflect the assignments made in accordance with SECTION 13.12(b) of this Agreement, and subject to the terms and conditions of this Agreement), and their respective successors and assigns (but not any Participant who is not otherwise a party to this Agreement). LEVERAGE RATIO means, with respect to the Companies on a consolidated basis and without duplication, at any date of determination thereof, the ratio of (a) the Funded Debt outstanding on such date to (b) Adjusted EBITDA.
LC SUBFACILITY. LIBOR Rate", "LIBOR Rate Borrowing", "Permitted Intercompany Guaranty", "Real Property Sublimit", "Reserve Requirement", "TARGET Settlement Date", "Type" are deleted.
LC SUBFACILITY means a subfacility of the Revolver Facility for the issuance of LCs as described in and subject to the limitations of Section 2.3, under which the LC Exposure may never (a) collectively exceed $750,000,000 and (b) together with (without duplication) the Revolver Principal Debt may never exceed the Revolver Commitment. Lenders means, on any date of determination, the financial institutions named on Schedule 2.1 (as the same may be amended from time to time by the Administrative Agent to reflect the addition of new Discretionary Lenders pursuant to Section 2.4(e) and to reflect the assignments made in accordance with Section 13.12(b) of this Agreement), and subject to the terms and conditions of this Agreement, and their respective successors and assigns (but not any Participant who is not otherwise a party to this Agreement).