Maximum LC Amount definition

Maximum LC Amount means the aggregate of each LC Amount in an amount not to exceed $450 million.
Sample 1Sample 2Sample 3
Maximum LC Amount means the aggregate of each LC Amount in an amount not to exceed $350 million.
Sample 1Sample 2Sample 3
Maximum LC Amount means twenty five million Dollars ($25,000,000).
Sample 1Sample 2

Examples of Maximum LC Amount in a sentence

  • Positive % The positive tolerance is the percentage that should be added to the LC amount, to arrive at the Maximum LC Amount.

  • Maximum Amount The Maximum LC Amount indicates the maximum amount that can be availed under the LC.

  • The liability amount is arrived at in the following manner: Liability Amount = Maximum LC Amount + Liability % of the LC amount If you have indicated the liability percentage to be zero then, Liability Amount = Maximum LC Amount This amount is computed by the system using the method indicated above, only if you have specified a liability tolerance.

  • The tolerance percentage is used to build the Maximum LC amount, when some component of the trade transaction like the freight, insurance, etc., is not covered in the LC amount.Positive ToleranceThe positive tolerance is the percentage that should be added to the LC amount, to arrive at the Maximum LC Amount.

  • If you change the defaulted Positive Tolerance, an override message is displayed.Maximum AmountThe Maximum LC Amount indicates the maximum amount that can be availed under the LC.

  • LC Amount = LC Amount + Positive Tolerance= USD 100,000 + 10% of USD 100,000Maximum LC amount = USD 110,000If you have specified the liability percentage to be 10%, the liability amount will computed by the system in the following manner:Liability Amount = Maximum LC Amount + Liability % of the Maximum LC amount= USD 110,000 + 10% of the Maximum LC amount Liability Amount = USD 121,000In this case you cannot effect any change to the liability amount.

  • Plaintiff asks that the notice be sent to all persons employed by Defendants since December 11, 2012.

  • Maximum LC Amount; Release of Payee Deposit 56 Section 3.01 Voluntary Reduction of Maximum LC Amount 56 Section 3.02 Mandatory Posting of Payer Deposit 56 Section 3.03 Increase of Maximum LC Amount 58 Section 3.04 Release of Payee Deposit 58 Section 3.05 FX True Up 58 Article IV.

  • If on any date the effective amount of L/C Obligations exceeds the Maximum L/C Amount, the Borrower shall cash collateralize on such date the outstanding L/Cs in an amount equal to the excess of the maximum amount then available to be drawn under the L/Cs over the Maximum L/C Amount.

  • Such notice shall set forth (i) the amount of the increase of the Maximum LC Amount being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000) and (ii) the date on which such increase is requested to become effective (which shall not be less than 10 Business Days nor more than 60 days after the date of such notice).


More Definitions of Maximum LC Amount

Maximum LC Amount means $5,000,000 minus any reductions of the Maximum LC Amount pursuant to the last sentence of Section 2.1.6.
Sample 1
Maximum LC Amount means $300 million.
Sample 1
Maximum LC Amount means, in each case, calculated non-cumulatively and on a Dollar-Equivalent Basis, and as may be adjusted pursuant to Section 4(b):
Sample 1
Maximum LC Amount means, at any time, $40,000,000, as such amount ----------------- may be reduced from time to time pursuant to this Agreement.
Sample 1
Maximum LC Amount means an amount equal to 98.04% of the Sterling (a) purchased by the Payee with the proceeds of the Term B Loans (at the Fixed Exchange Rate) deposited and on hand with the LC Bank as Payee Deposit, and (b) deposited by Payer and on hand with LC Bank as Payer Deposit, as such amount may be reduced and increased from time to time pursuant to Section 3.01, 3.02 or 3.03.
Sample 1
Maximum LC Amount is hereby changed to "$90,000,000."
Sample 1

Related to Maximum LC Amount

  • Maximum Loan Amount has the meaning set forth in Section 2.1(a).

  • Maximum Revolver Amount means $100,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Maximum Swingline Amount means $5,000,000.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Maximum Amount means the Maximum Amount as specified in § 1 of the Product and Underlying Data.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

  • Maximum Drawing Amount means at the time in question the sum of the maximum amounts which LC Issuer might then or thereafter be called upon to advance under all Letters of Credit which are then outstanding.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Cap Rate For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group I Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans minus an amount, expressed as a percentage, equal to the Net Swap Payment and Swap Termination Payment, if any (other than termination payments resulting from a Swap Provider Trigger Event), due from the Trust for such Distribution Date, multiplied by 12, weighted on the basis of the outstanding Stated Principal Balances of the Group II Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12. For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the weighted average of the Expense Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans and the Group II Mortgage Loans, in each case, weighted on the basis of the outstanding Stated Principal Balances of the related Mortgage Loans as of the first day of the month preceding the month of such Distribution Date (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Interest Rate Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Maximum Line means $5,000,000, unless said amount is reduced pursuant to Section 2.6, in which event it means the amount to which said amount is reduced.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).