Offshore Currency Sublimit definition

Offshore Currency Sublimit means an amount equal to the lesser of (a) $150,000,000 and (b) the Revolving Commitment.

Offshore Currency Sublimit means an amount equal to the lesser of (a) $250,000,000 and (b) the Revolving Commitment.

Offshore Currency Sublimit at any time, the lesser of (a) $20,000,000 and (b) the Revolving Credit Commitments then in effect.

Examples of Offshore Currency Sublimit in a sentence

• If, after any reduction of the Revolving Loan Commitments in accordance with this section, the aggregate Dollar Equivalent amount of the Revolving Loan Commitments is less than the Dollar Equivalent amount of the Offshore Currency Sublimit, the Offshore Currency Sublimit shall be reduced to an amount not greater than the Dollar Equivalent of the Revolving Loan Commitments.

• The Dollar Equivalent of all Revolving Credit Loans denominated in an Offshore Currency, when aggregated with the Dollar Equivalent of all Fronted Offshore Currency Loans plus the Dollar Equivalent of all Letter of Credit Obligations denominated in an Offshore Currency, shall not exceed the Offshore Currency Sublimit.

• All Credit Extensions denominated in an Offshore Currency shall not at any time exceed the Offshore Currency Sublimit.

• RECOMMENDED MOTION: That the Board of School Directors approve the second reading of Policy 305.

• Such request shall be made in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Loan Commitments and the Offshore Currency Sublimit, as applicable, and the conditions set forth in Section 4.02.

More Definitions of Offshore Currency Sublimit

Offshore Currency Sublimit means $30,000,000.00.

Offshore Currency Sublimit means $30,000,000.

Offshore Currency Sublimit means, at any time, (i) as to Sterling, the lesser of (a) $600,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to ADollars, the lesser of (a) $1,000,000,000 and (b) the Revolving Loan Commitments then in effect, and (iii) as to Lire, the lesser of (a) $150,000,000 and (b) the Revolving Loan Commitments then in effect; provided that such Offshore Currency Sublimits may be increased from time to time pursuant to subsection 2.1D or decreased from time to time pursuant to subsection 2.4F.

Offshore Currency Sublimit at any time, (a) as to all Offshore Currency Loans, the lesser of (i) $175,000,000 and (ii) the Revolving Commitments then in effect and (b) as to Offshore Currency Loans denominated in the same Offshore Currency, the lesser of (i) if such Offshore Currency is (A) an Eligible Offshore Currency or (B) Canadian Dollars or Italian Lira, $75,000,000, or, if such Offshore Currency is any other Offshore Currency, $25,000,000 and (ii) the Revolving Commitments then in effect.

Offshore Currency Sublimit is amended by replacing the reference to “$100,000,000” with “$150,000,000".

Offshore Currency Sublimit means the Equivalent Amount of the combined Commitments.

Offshore Currency Sublimit means $50,000,000.