Letter of Credit Commitment Amount definition

Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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Letter of Credit Commitment Amount means, on any date, a maximum amount equal to the lesser of (i) Seventy-Five Million Dollars ($75,000,000.00), as such amount may be permanently reduced from time to time pursuant to Section 2.2, and (ii) the Revolving Loan Commitment Amount on such date.

Letter of Credit Commitment Amount means, on any date, a maximum amount of Five Million Dollars ($5,000,000), as such amount may be permanently reduced from time to time pursuant to Section 2.2 or Section 3.1.

Examples of Letter of Credit Commitment Amount in a sentence

No Issuer shall be permitted or required to issue any Letter of Credit if, after giving effect thereto, (i) the aggregate amount of all Letter of Credit Outstandings would exceed the Letter of Credit Commitment Amount or (ii) the sum of the aggregate amount of all Letter of Credit Outstandings plus the aggregate principal amount of all Revolving Loans and Swing Line Loans then outstanding would exceed the Revolving Loan Commitment Amount.
Any reduction of the Revolving Loan Commitment Amount which reduces the Revolving Loan Commitment Amount below the then current amount of the Letter of Credit Commitment Amount shall result in an automatic and corresponding reduction of the Letter of Credit Commitment Amount to the amount of the Revolving Loan Commitment Amount, as so reduced, without any further action on the part of the Administrative Agent, the Issuers or otherwise.
No Issuer shall be permitted or required to issue any Letter of Credit if, after giving effect thereto, (a) the aggregate amount of all Letter of Credit Outstandings would exceed the Letter of Credit Commitment Amount or (b) the sum of the aggregate amount of all Letter of Credit Outstandings plus the aggregate principal amount of all Revolving Loans and Swing Line Loans then outstanding would exceed the Revolving Loan Commitment Amount.
The Commitment Amount, the Letter of Credit Commitment Amount and the Loan Commitment Amount are subject to reduction from time to time pursuant to this Section 2.2.
No Letter of Credit will be caused to be issued which, taking into account the issuance of such Letter of Credit, would either cause the Letter of Credit Outstandings to exceed the Letter of Credit Commitment Amount or cause the aggregate principal amount of the Revolving Loans then outstanding plus the Letter of Credit Outstandings to exceed the Revolving Loan Commitment Amount.

More Definitions of Letter of Credit Commitment Amount

Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to SECTION 2.2.

Letter of Credit Commitment Amount means, on any date, $20,000,000, as such amount is reduced from time to time in accordance with Section 2.2, Section 9.2 or Section 9.3.

Letter of Credit Commitment Amount has the meaning given to that term in Section 2.4(a).

Letter of Credit Commitment Amount means, on any date, $30,000,000, as such amount may be permanently reduced from time to time pursuant to Section 2.3.

Letter of Credit Commitment Amount means, as the context may require, the U.S. Letter of Credit Commitment Amount and/or the Canadian Letter of Credit Commitment Amount.

Letter of Credit Commitment Amount. $250,000,000.

Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2 .