Maximum Letter of Credit Obligation means Five Hundred Thousand and 00/100 Dollars ($500,000.00).”
Maximum Letter of Credit Obligation means Two Million and no/100 Dollars ($2,000,000)
Maximum Letter of Credit Obligation means the lesser of (i) the Revolving Loan Commitment minus the aggregate amount of all Revolving Loans outstanding at any time, or (ii) $6,000,000.
More Definitions of Maximum Letter of Credit Obligation
Maximum Letter of Credit Obligation means Ten Million and no/100 Dollars ($10,000,000).
Maximum Letter of Credit Obligation means the Revolving Loan Commitment less the aggregate amount of all Revolving Loans outstanding at any time.
Maximum Letter of Credit Obligation means Eight Million and No/100 Dollars ($8,000,000). "Maximum Revolving Loan Commitment” means Fifty-Five Million and No/100 Dollars ($55,000,000). "Note” shall mean, respectively, each of and collectively, the Revolving Notes.
Maximum Letter of Credit Obligation means Five Million and no/100 Dollars ($5,000,000).
Maximum Letter of Credit Obligation means an aggregate amount of L/C Obligations not to exceed Ten Million Dollars and 00/100 ($10,000,000).
Maximum Letter of Credit Obligation means (a) in the event the outstanding amount of all Revolving Loans PLUS the stated amount of all Letter of Credit Obligations is less than or equal to Twenty Million Dollars ($20,000,000), the lesser of (i) the amount of the Revolving Loan Commitment less the aggregate amount of all Loans (including, but not limited to, Letter of Credit Obligations which shall include any requested Letter of Credit, as applicable) outstanding at any time and (ii) Fifteen Million Dollars ($15,000,000) and (b) in the event the outstanding amount of all Revolving Loans PLUS the stated amount of all Letter of Credit Obligations is greater than Twenty Million Dollars($20,000,000), the lesser of (i) the Borrowing Base less the aggregate amount of all Revolving Loans (including, but not limited to, Letter of Credit Obligations which shall include any requested Letter of Credit, as applicable) outstanding at any time and (ii) Fifteen Million Dollars ($15,000,000).