Letter of Credit Amounts definition

Letter of Credit Amounts means, unless otherwise specified herein, with respect to any Letter of Credit, the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuing Lender document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.
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Letter of Credit Amounts. 78 Section 1.10 Limited Condition Transactions 78 Section 1.11 Leverage Ratios 8079 Section 1.12 Cashless Rolls 80 Section 1.13 Certain Calculations and Tests 80 Section 1.14 Additional Alternative Currencies 80 Section 1.15 Change of Currency 81 Section 1.16 Dutch Terms 82 Article II The Commitments and Credit Extensions 82 Section 2.01 The Loans 82 Section 2.02 Borrowings, Conversions and Continuation of Loans 82 Section 2.03 Letters of Credit 85 Section 2.04 Swing Line Loans 9697 Section
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Letter of Credit Amounts means the sum of (i) the aggregate undrawn amount of all Letters of Credit outstanding at any time plus (ii) the aggregate amount of all drawings under Letters of Credit for which the Bank has not been reimbursed at such time.
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Examples of Letter of Credit Amounts in a sentence

  • The Letter of Credit Amounts and the respective Principal Portion and Interest Portion of the Letters of Credit shall be automatically reduced as specified in the applicable Letter of Credit.

  • The aggregate Letter of Credit Amounts under all outstanding Letters of Credit and the aggregate amount of unreimbursed drawings under Letters of Credit shall reduce, dollar for dollar, the Aggregate Available Commitment.

  • DEFINITIONS AND ACCOUNTING TERMS 1 1.01 Defined Terms 1 1.02 Other Interpretive Provisions 37 1.03 Accounting Terms 38 1.04 Rounding 39 1.05 Exchange Rates; Currency Equivalents 39 1.06 Additional Alternative Currencies 39 1.07 Change of Currency 40 1.08 Times of Day 41 1.09 Letter of Credit Amounts 41 ARTICLE II.

  • Provided that, during the12 month period immediately preceding the effective date of any reduction of the Letter of Credit, Tenant has timely paid all Rent and no default has occurred under this Lease which remains uncured following any applicable cure period (the “LC Reduction Conditions”), Tenant may reduce the Letter of Credit Amount so that the reduced Letter of Credit Amounts will be as follows: (a) $75,000.00 effective as of July 1, 2006; and (b) $50,000.00 effective as of July 1, 2007.

  • DEFINITIONS AND ACCOUNTING TERMS 1 1.01 Defined Terms 1 1.02 Other Interpretive Provisions 54 1.03 Accounting Terms 54 1.04 Exchange Rates; Currency Equivalents 55 1.05 Additional Alternative Currencies 56 1.06 Change of Currency 56 1.07 Times of Day 57 1.08 Letter of Credit Amounts 57 1.09 Negative Covenant Compliance 57 ARTICLE II.

  • Letter of Credit Amounts 73 ARTICLE 2 THE COMMITMENTS AND CREDIT EXTENSIONS 73 Section 2.01.

  • DEFINITIONS AND ACCOUNTING TERMS 1 1.01 Defined Terms 1 1.02 Other Interpretive Provisions 38 1.03 Accounting Terms 39 1.04 Rounding 39 1.05 Exchange Rates; Currency Equivalents 40 1.06 Additional Alternative Currencies 40 1.07 Change of Currency 41 1.08 Times of Day 41 1.09 Letter of Credit Amounts 42 1.10 Allocation of Loans and Percentages at the Effective Time 42 1.11 Existing Letters of Credit 43 1.12 Interest Rates 43 ARTICLE II.

  • Rounding References to Agreements and Laws Times of Day Timing of Payment or Performance Certain Calculations and Tests Exchange Rates; Currencies Generally Cashless Rollovers Additional Alternate Currencies Limited Condition Transactions Letter of Credit Amounts 73 ARTICLE 2 THE COMMITMENTS AND CREDIT EXTENSIONS 73 Section 2.01.

  • Upon the terms and subject to the conditions of this Agreement, each Bank agrees to make, from time to time during the Facility Period, one or more Loans to the Borrower in an aggregate unpaid principal amount not exceeding at any time such Bank's Commitment at such time minus the aggregate of such Bank's Letter of Credit Amounts and such Bank's Percentage Interest of Unreimbursed Letter of Credit Obligations at such time.

  • Letter of Credit Amounts ...............................................