Maximum Letter of Credit Amount definition

Maximum Letter of Credit Amount shall have the meaning provided in Section 3.02(a).

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

Maximum Letter of Credit Amount means, at any time, an amount equal to 90% of the Total Revolving Loan Commitment at such time. “Maximum Rate” shall have the meaning provided in Section 13.20.

Examples of Maximum Letter of Credit Amount in a sentence

• To the extent the amount by which the aggregate LC Obligations plus the Total Reserved Letter of Credit Amount then in effect exceeds the Maximum Letter of Credit Amount is reduced, the Agent shall return an amount of such Cash to the Borrower equal to such reduction and shall return all remaining Cash, if any, in such account to the Borrower in the event such aggregate LC Obligations plus the Total Reserved Letter of Credit Amount then in effect no longer exceeds the Maximum Letter of Credit Amount.

• Upon any Draw under any Letter of Credit which causes the aggregate amount of unreimbursed drawings under all Letters of Credit plus all other LC Obligations plus the Total Reserved Letter of Credit Amount then in effect to exceed the Maximum Letter of Credit Amount, Agent may (and shall, at the direction of the Required Banks) apply any such amounts of Cash collateral to the repayment of such unreimbursed amount.

• Subsection 1.1 of the Credit Agreement is hereby further amended by deleting the reference to "$175,000,000" contained in the definition of "Letters of Credit Suballocation" and substituting "the Maximum Letter of Credit Amount" therefor.

• Subject to the terms and conditions of this Agreement, Lender in its sole discretion and at its sole option may issue one or more standby and/or commercial Letters of Credit for the account of Borrower (each a "Letter of Credit"), provided that the L/C Outstandings shall not exceed at any one time the Maximum Letter of Credit Amount.

• The Borrower shall pay to the ---------------- Agent, for the ratable benefit of the Lenders, (i) a non-refundable fee (the "Revolver Unused Line Fee") equal to one-quarter of one percent (.25%) per annum of the unused portion of the Maximum Revolving Loan Amount and (ii) a non-refundable fee (the "Letter of Credit Unused Line Fee") equal to one-half of one percent (.5%) per annum of the unused portion of the Maximum Letter of Credit Amount.

More Definitions of Maximum Letter of Credit Amount

Maximum Letter of Credit Amount means at any time $150,000,000.

Maximum Letter of Credit Amount means, at any time, an amount equal to $60,000,000 (as such amount may be increased solely with the consent of the Agent).

Maximum Letter of Credit Amount means, as of any date of determination, for all Borrowers, (1) for the period from and including the Effective Date to but excluding January 1, 2001, the Dollar Equivalent of $175,000,000 LESS the aggregate amount of all reductions made to all Revolving Loan Commitments pursuant to subsections 2.4A(ii) and 2.4.A(iii), (2) for the period from and including January 1, 2001 to but excluding January 1, 2002, the Dollar Equivalent of $150,000,000 LESS the aggregate amount of all reductions made to all Revolving Loan Commitments pursuant to subsections 2.4A(ii) and 2.4.A(iii), and (3) for the period from and including January 1, 2002 through and including the Commitment Termination Date, the Dollar Equivalent of $125,000,000 LESS the aggregate amount of all reductions made to all Revolving Loan Commitments pursuant to subsections 2.4A(ii) and 2.4.A(iii).

Maximum Letter of Credit Amount means (a) if no ------------------------------- Venezuela Letter of Credit is issued, $125,000,000, and (b) if a Venezuela Letter of Credit is issued, then (i) during the period from and including the date of such issuance to and including the date on which the Venezuela Bid Bond Obligation is terminated, $235,000,000, (ii) from and excluding the date on which the Venezuela Bid Bond Obligation is terminated, $200,000,000 and (iii) from and excluding the date on which all Venezuela Letters of Credit have expired or are terminated, $125,000,000."

Maximum Letter of Credit Amount means $10,000,000. “Maximum Rate” shall have the meaning provided in Section 13.20.

Maximum Letter of Credit Amount means $200,000,000.

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