Letter of Credit Percentage definition

Letter of Credit Percentage means the percentage per annum equal to the Applicable Rate, as in effect from time to time, as set forth in the column “Eurodollar Rate Loans (and Letters of Credit)” in the table set forth in the definition of “Applicable Rate” above.

Letter of Credit Percentage as to any L/C Participant at any time, the percentage which (a) such Lender’s unused Letter of Credit Commitment and Credit Linked Deposit then outstanding constitutes of (b) the aggregate unused Letter of Credit Commitments and Total Credit Linked Deposit then outstanding.

Letter of Credit Percentage means the percentage per annum equal to the Applicable Rate, as in effect from time to time, as set forth in the column “Term SOFR Loans (and Letters of Credit)” in the table set forth in the definition of “Applicable Rate” above.

Examples of Letter of Credit Percentage in a sentence

• The obligations to indemnify each Issuing Lender shall be ratable among the L/C Participants in accordance with their Letter of Credit Percentage.

• In addition, unless waived by the OpCo Administrative Agent, on the Purchase Option Date, the Purchaser shall provide cash collateral to the OpCo Administrative Agent to collateralize its reimbursement obligations under §5.1.4 of the OpCo Credit Agreement in an amount equal to 105% of the Purchased Letter of Credit Percentage of the Maximum Drawing Amount (as defined in the OpCo Credit Agreement (as in effect on the date hereof)).

• If there is any change in the Letter of Credit Percentage during any quarter, the daily Maximum Drawing Amount of each Letter of Credit shall be computed and multiplied by the Letter of Credit Percentage separately for each period during such quarter that such Letter of Credit Percentage was in effect.

• Each Lender agrees with the Issuing Bank that, if a draft is paid under any Letter of Credit for which the Issuing Bank is not reimbursed in full by Borrower pursuant to Section 2.02(b)(iii), such Lender shall pay to the Issuing Bank upon demand at the Issuing Bank’s address for notices specified herein an amount equal to such Lender’s Letter of Credit Percentage of the amount of such draft, or any part thereof, that is not so reimbursed.

• In the event the L/C Participations shall be reduced as provided in the second preceding sentence, the Administrative Agent shall reduce the Total Credit Linked Deposits in a corresponding amount, and return all amounts in the Credit Linked Deposit Account in excess of the reduced Total Credit Linked Deposit to the L/C Participants ratably in accordance with their Letter of Credit Percentage of the Total Credit Linked Deposit (as determined immediately prior to such reduction).

More Definitions of Letter of Credit Percentage

Letter of Credit Percentage means, (a) initially with respect to each of Xxxxxx Xxxxxxx Senior Funding, Inc., Bank of America, N.A., Credit Suisse AG, New York Branch, JPMorgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation and Xxxxx Fargo Bank, National Association, 16.67% (as may be reduced to reflect any percentage allocated to another Issuing Bank pursuant to the immediately succeeding clause (b)) and (b) from time to time after the Closing Date with respect to any other Issuing Bank, a percentage to be agreed between the Borrower and such Issuing Bank.

Letter of Credit Percentage means, initially with respect to ORCC in its capacity as an Issuing Bank, 100%, as may be reduced to reflect any percentage allocated to another Issuing Bank from time to time after the Closing Date with respect to any other Issuing Bank, a percentage to be agreed between the Borrower and such Issuing Bank.

Letter of Credit Percentage means, with respect to (i) (1) Barclays Bank PLC, 26 2/3%, (2) Royal Bank of Canada, 26 2/3%, (3) Bank of Montreal, 26 2/3%, and (4) Xxxxxxx Sachs Lending Partners LLC, 20.0% (in each case as may be reduced to reflect any percentage allocated to another Letter of Credit Issuer pursuant to the immediately succeeding clause (ii)), and (ii) any other Letter of Credit Issuer, a percentage to be agreed between the Borrower and such Letter of Credit Issuer.

Letter of Credit Percentage means, (x) with respect to (i) Citibank, N.A., 30.92%, (ii) Barclays Bank PLC, 17.27%, (iii) Gxxxxxx Sxxxx Bank USA, 17.27%, (iv) Credit Suisse AG, Cayman Islands Branch, 17.27% and (v) HSBC Bank USA, N.A., 17.27% (in each case as may be reduced to reflect any percentage allocated to another L/C Issuer pursuant to the immediately succeeding clause (y)), and (y) any other Letter of Credit Issuer, a percentage to be agreed between the Borrower and such L/C Issuer.

Letter of Credit Percentage means, (a) initially with respect to (i) Barclays Bank PLC, 35.00%, (ii) Xxxxxx Xxxxxxx Senior Funding, Inc., 20.00%, (iii) Xxxxxxx Sachs Bank USA, 15.00%, (iv) BMO Capital Markets Corp., 10.00%, (v) Xxxxx Capital LLC 10.00%, and (vi) HSBC Bank USA, N.A., 10.00% (in each case, as may be reduced to reflect any percentage allocated to another Issuing Bank pursuant to the immediately succeeding clause (b)) and (b) from time to time after the Closing Date with respect to any other Issuing Bank, a percentage to be agreed between the Borrower and such Issuing Bank.

Letter of Credit Percentage means, (a) initially with respect to (i) Citibank, Xxxxxxx Xxxxx Bank USA, Bank of America, N.A., Credit Suisse AG, Cayman Islands Branch, UBS AG, Stamford Branch, Xxxxx Fargo Bank, National Association, Capital One, National Association as set forth in Schedule 2.01(a) (in each case, as may be reduced to reflect any percentage allocated to another Issuing Bank pursuant to the immediately succeeding clause (b)) and (b) from time to time after the Closing Date with respect to any other Issuing Bank, subject to Section 11.01, a percentage to be agreed between the Borrower and such Issuing Bank.

Letter of Credit Percentage means, (a) initially with respect to each of Wxxxx Fargo, Citizens Bank, N.A., JPMorgan Chase Bank, N.A. and RBC Capital Markets, LLC, 25%, 25%, 25% and 25%, respectively (in each case, as may be reduced to reflect any percentage allocated to another Issuing Bank pursuant to the immediately succeeding clause (b)) and (b) from time to time after the Closing Date with respect to any other Issuing Bank, a percentage to be agreed between the Borrower and such Issuing Bank.