Letter of Credit Sublimit Amount definition

Letter of Credit Sublimit Amount means $10,000,000.

Letter of Credit Sublimit Amount means $25,000,000.

Letter of Credit Sublimit Amount means $20,000,000.

Examples of Letter of Credit Sublimit Amount in a sentence

• A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the total LC Exposure shall not exceed the Letter of Credit Sublimit Amount and (ii) the total Revolving Credit Exposures shall not exceed the total Revolving Credit Commitments.

• The aggregate Dollar Equivalent of the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) may not exceed the Letter of Credit Sublimit Amount.

• A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the total LC Exposures shall not exceed the Letter of Credit Sublimit Amount and (ii) the total Revolving Credit Exposures shall not exceed the total Revolving Credit Commitments.

More Definitions of Letter of Credit Sublimit Amount

Letter of Credit Sublimit Amount means $10,000,000 under the Working Capital Sublimit; provided that the amount of Acceptances at any one time outstanding shall not exceed $1,000,000 in the aggregate.

Letter of Credit Sublimit Amount is Six Million Dollars ($6,000,000).

Letter of Credit Sublimit Amount means the lesser of $20,000,000 and the total amount of the Working Capital Commitments.

Letter of Credit Sublimit Amount means, with respect to each L/C Issuer, the commitment of such L/C Issuer to issue Letters of Credit hereunder. The initial amount of each L/C Issuer’s Letter of Credit Sublimit Amount is set forth on Schedule 2.04(a), or if an L/C Issuer has entered into an Assignment and Assumption or has otherwise assumed a Letter of Credit Sublimit Amount after the Closing Date, the amount set forth for such L/C Issuer as its Letter of Credit Sublimit Amount in the Register maintained by the Administrative Agent. The Letter of Credit Sublimit Amount of an L/C Issuer may be modified from time to time by agreement between such L/C Issuer and the Borrower, and notified to the Administrative Agent.

Letter of Credit Sublimit Amount means $25,000,000; provided that the amount of Acceptances at any one time outstanding shall not exceed $1,000,000 in the aggregate.

Letter of Credit Sublimit Amount means $50,000,000.

Letter of Credit Sublimit Amount means $25,000,000; provided that the amount of Acceptances at any one time outstanding shall not exceed $1,000,000 in the aggregate.