Minimum Letter of Credit Amount definition

Minimum Letter of Credit Amount means, on any date of determination, with respect to the Series 2010-3 Notes, the Series 2010-3 Minimum Letter of Credit Amount, and with respect to each other Group VII Series of Notes, the amount specified with respect to such Series of Notes in the definition of “Minimum Letter of Credit Amount” in the applicable Series Supplement.
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Minimum Letter of Credit Amount means, with respect to any date of determination on and after the Series 1998-1 Closing Date, the greater of (a) an amount equal to (i) 3 % of the Series 1998-1 Invested Amount of the Series 1998-1 Notes outstanding on such date, less (ii) any cash on deposit in the Series 1998-1 Cash Collateral Account on such date, (b) an amount equal to (i) the Minimum Enhancement Amount on such date, minus (ii) the Series 1998-1 Available Subordinated Amount on such date and (c) $5,000,000; provided, that upon the occurrence of a Liquidity Agreement Amortization Event, the Minimum Letter of Credit Amount shall remain fixed at an amount equal to the Series 1998-1 Letter of Credit Amount as of such date.
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Examples of Minimum Letter of Credit Amount in a sentence

  • The Guarantor agrees to maintain with respect to each Series of Notes included in the Group IV Series of Notes a letter of credit (or other credit enhancement acceptable to the Rating Agencies) supporting the obligations of the Lessees under this Lease in a stated amount that is at least equal to the Minimum Letter of Credit Amount, if any, for such Series of Notes.

  • The Guarantor agrees to maintain with respect to each Series of Notes included in the Group VII Series of Notes a letter of credit (or other credit enhancement as provided for in, and permitted by, the related Series Supplement) supporting the obligations of the Lessees under this Lease in a stated amount that is at least equal to the Minimum Letter of Credit Amount, if any, for such Series of Notes or otherwise meeting the requirements thereof.

  • The Series 2010-3 Letter of Credit Amount shall at least equal the Series 2010-3 Minimum Letter of Credit Amount.

  • The Guarantor agrees to maintain with respect to each Series of Notes included in the Group III Series of Notes a letter of credit (or other credit enhancement acceptable to the Rating Agencies) supporting the obligations of the Lessees under this Lease in a stated amount that is at least equal to the Minimum Letter of Credit Amount, if any, for such Series of Notes.

  • If any Series 2010-1 Letter of Credit is in effect after the Series 2010-1 Closing Date, RCFC shall (a) maintain the Series 2010-1 Letter of Credit Amount (or such other substitute credit enhancement acceptable to the Series 2010-1 Required Noteholders and otherwise complying with Section 4.16(a)(ii)) in an amount greater than or equal to the Series 2010-1 Minimum Letter of Credit Amount and (b) notify each applicable Rating Agency of the entry into such Series 2010-1 Letter of Credit.

  • The Guarantor agrees to maintain with respect to each Series of Notes included in the Group VIII Series of Notes a letter of credit (or other credit enhancement as provided for in, and permitted by, the related Series Supplement) supporting the obligations of the Lessees under this Lease in a stated amount that is at least equal to the Minimum Letter of Credit Amount, if any, for such Series of Notes or otherwise meeting the requirements thereof.

  • The Guarantor agrees to maintain with respect to each Series of Notes included in the Group II Series of Notes a letter of credit (or other credit enhancement acceptable to the Rating Agencies) supporting the obligations of the Lessees under this Lease in a stated amount that is at least equal to the Minimum Letter of Credit Amount, if any, for such Series of Notes.

  • The Guarantor agrees to maintain with respect to each Series of Notes included in the Group II Series of Notes a letter of credit supporting the obligations of the Lessees under this Lease in a stated amount that is at least equal to the Minimum Letter of Credit Amount, if any, for such Series of Notes.

  • The Series 2010-2 Letter of Credit Amount shall at least equal the Series 2010-2 Minimum Letter of Credit Amount.

  • Section 6.1 Minimum Subordinated Amount 70 Section 6.2 Minimum Letter of Credit Amount 70 Section 6.3 Series 2006-1 Policy 70 Section 6.4 Series 2006-1 Interest Rate Cap 70 Section 6.5 Monthly Reporting 70 Section 7.1 Class A Notes 70 Section 7.2 Issuances of Additional Notes.

Related to Minimum Letter of Credit Amount

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

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

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Letter of Credit Limit means $5,000,000.

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • Extended Letter of Credit has the meaning given that term in Section 2.3.(b).

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Facility Letter of Credit Fee is defined in Section 2A.8.

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Letter of Credit Reimbursement Agreement has the meaning specified in Section 2.4(e).

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • 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).

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • Letter of Credit Exposure means, at any time, the sum of (a) the aggregate undrawn maximum face amount of each Letter of Credit at such time plus (b) the aggregate unpaid amount of all Reimbursement Obligations at such time.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.