Letter of Credit Availability definition

Letter of Credit Availability means, as at any time, an amount equal to the lesser of (a) an amount equal to (i) $10,000,000 less (ii) the then Letter of Credit Exposure and (b) the then Revolving Loan Availability.

Letter of Credit Availability means, at any time, the lesser of

Letter of Credit Availability means, as of the date of determination, the aggregate amount of additional Letter of Credit Obligations which may be incurred at the time of determination in accordance with SECTION 2A.2, which shall be an amount equal to the lesser of (i) the Letter of Credit Facility minus the Letter of Credit Obligations and (ii) the Revolving Credit Availability, in each case, on such date.

Examples of Letter of Credit Availability in a sentence

• After giving effect to any Borrowing or the issuance, amendment, renewal or extension of any Letter of Credit, Availability shall not be less than zero.

• After giving effect to any Borrowing or the issuance of any Letter of Credit, Availability is not less than zero.

• After giving effect to any Borrowing or the issuance, amendment, renewal or extension of any Letter of Credit, Availability is not less than zero.

• Within five (5) business days of award of the contract, the selected awardee(s) shall provide a Letter of Credit Availability to the Town for submission to the DEQ, verifying that the nutrient credit bank has the nutrient credits available and awarded for this project.

• All Letter of Credit Availability Fees and Letter of Credit Fronting Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days, as pro-rated for any partial quarter, as applicable.

More Definitions of Letter of Credit Availability

Letter of Credit Availability means U.S.$125,000,000;

Letter of Credit Availability means, as of the date of determination, the aggregate face amount of Letter of Credit Obligations available to be incurred hereunder at the time of determination in accordance with SECTION 3.2, which shall be an amount equal to the lesser of (i) the Letter of Credit Facility MINUS the Letter of Credit Obligations and (ii) the Loan Availability, on such date.

Letter of Credit Availability means, as at any time, an amount equal to the lesser of: (i) an amount equal to (a) $1,500,000 less (b) the then Letter of Credit Exposure and (ii) the then Revolving Loan Availability.

Letter of Credit Availability means, at any particular time, the amount by which the Letter of Credit Sublimit exceeds the Letter of Credit Obligations outstanding at such time.

Letter of Credit Availability at any time, an amount equal to the excess of (i) the aggregate Commitments of all the Lenders at such time over (ii) the then Aggregate Outstanding Extensions of Credits of all the Lenders.

Letter of Credit Availability has the meaning specified in Section 2.01(b).

Letter of Credit Availability means U.S.$50,000,000;