Examples of Multicurrency LC Exposure in a sentence
The subdivision/developer/owner shall, at his expense and by his construction, design the lighting utility corridor within the proposed roadway right-of-way of each utility including lighting, based on the pre-approval of the Utility Provider servicing the property and provide sufficient easement for service and maintenance of the utility.
Any prepayment pursuant to this paragraph shall be applied, first to Swingline Multicurrency Loans outstanding, second, to Syndicated Multicurrency Loans outstanding and third, as cover for Multicurrency LC Exposure.
Any prepayment pursuant to this paragraph shall be applied, first, to Swingline Loans, second, to Revolving Multicurrency Loans, and third, as cover for Multicurrency LC Exposure.
Monies in such account shall (i) first, automatically be applied by the Administrative Agent to reimburse relevant Multicurrency Issuing Bank for Multicurrency L/C Disbursements for which it has not been reimbursed, (ii) second, be held for the satisfaction of the reimbursement obligations of the Borrower for the Multicurrency L/C Exposure at such time and (iii) third, subject to the consent of the Required Lenders, be applied to satisfy the Obligations.
A Multicurrency Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Multicurrency 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 Multicurrency L/C Exposure shall not exceed $15,000,000 and (ii) the Aggregate Multicurrency Revolving Credit Exposure shall not exceed the Total Multicurrency Revolving Credit Commitment.