Offshore Sublimit means, at any time, (i) as to ACI, the lesser of (a) $300,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (ii) as to O-I Canada, the lesser of (a) $20,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iii) as to OIEG, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iv) as to OI Europe, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect and (v) as to an Additional Foreign Subsidiary Borrower, the Additional Foreign Subsidiary Borrower Sublimit designated pursuant to Section 12.1(c)(ii) (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect; provided that such Offshore Sublimits may be from time to time decreased pursuant to Section 4.1 and increased pursuant to Section 2.9.
Offshore Sublimit means, at any time, (i) as to O-I Australia, the lesser of (a) $300,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (ii) as to O-I Canada, the lesser of (a) $20,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iii) as to OIEG, the lesser of (a) $600,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iv) as to OI Europe, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (v) as to O-I Mexico, the lesser of (a) $100,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect and (vi) as to an Additional Foreign Subsidiary Borrower, the lesser of (a) the Additional Foreign Subsidiary Borrower Sublimit designated pursuant to Section 12.1(c)(ii) (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect; provided that such Offshore Sublimits may be from time to time decreased pursuant to Section 4.1 and increased pursuant to Section 2.10.
Offshore Sublimit means, at any time, (i) as to the UK Offshore Borrowers, collectively, the lesser of (a) $300,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the Australian Offshore Borrowers, collectively, the lesser of (a) $1,100,000,000 and (b) the Revolving Loan Commitments then in effect, and (iii) as to the Italian Offshore Borrowers, collectively, the lesser of (a) $10,000,000 and (b) the Revolving Loan Commitments then in effect; PROVIDED that such Offshore Sublimits may be decreased from time to time pursuant to subsection 2.4F.
Examples of Offshore Sublimit in a sentence
O-I Canada shall make prepayments of the Canadian Revolving Loans to the extent necessary so that the Total Utilization of Canadian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Canada.
Avir shall make prepayments of the Italian Revolving Loans to the extent necessary so that the Total Utilization of Italian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for Avir.
The Australian Offshore Borrowers shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for the Australian Offshore Borrowers.
United Glass shall make prepayments of the UK Revolving Loans to the extent necessary so that the Total Utilization of UK Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for United Glass.
ACI shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for ACI.
More Definitions of Offshore Sublimit
Offshore Sublimit means, at any time, (i) as to ACI, the lesser of (a) $300,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Loan Commitments then in effect, (ii) as to O-I Canada, the lesser of (a) $20,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Loan Commitments then in effect, (iii) as to OIEG, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Loan Commitments then in effect, (iv) as to OI Europe, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Loan Commitments then in effect and (v) as to an Additional Foreign Subsidiary Borrower, the Additional Foreign Subsidiary Borrower Sublimit designated pursuant to subsection 10.7 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Loan Commitments then in effect; provided that such Offshore Sublimits may be from time to time decreased pursuant to subsection 2.4G and increased pursuant to subsection 2.1A(vii).
Offshore Sublimit means, at any time, (i) as to United Glass, collectively, the lesser of (a) $20,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the Australian Offshore Borrowers, collectively, the lesser of (a) $440,000,000 and (b) the Revolving Loan Commitments then in effect, (iii) as to O-I Canada, the lesser of (a) $10,000,000 and (b) the Revolving Loan Commitments then in effect and (iv) as to Avir, the lesser of (a) $63,000,000 and (b) the Revolving Loan Commitments then in effect; provided that such Offshore Sublimits may be decreased from time to time pursuant to subsection 2.4G.
Offshore Sublimit means, at any time, (i) as to United Glass, collectively, the lesser of (a) $20,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the
Offshore Sublimit means, at any time, (i) as to United Glass, collectively, the lesser of (a) $20,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the Australian Offshore Borrowers, collectively, the lesser of (a) $440,000,000 and (b) the Revolving Loan Commitments then in effect, (iii) as to O-I Canada, the lesser of (a) $10,000,000 and (b) the Revolving Loan Commitments then in effect and (iv) as to Avir, the lesser of (a) (i) prior to the BSN Acquisition Closing Date, $10,000,000 and (ii) thereafter, $63,000,000 and (b) the Revolving Loan Commitments then in effect; provided that such Offshore Sublimits may be decreased from time to time pursuant to subsection 2.4G.
Offshore Sublimit means, at any time, (i) as to ACI, the lesser of (a) $300,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect, (ii) as to O-I Canada, the lesser of (a) $20,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect, (iii) as to OIEG, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect and (iv) as to O-I Europe, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect; provided that such Offshore Sublimits may be from time to time decreased pursuant to subsection 2.4G and increased pursuant to subsection 2.1A(vi).
Offshore Sublimit means an amount equal to the lesser of the Aggregate Commitments and $100,000,000. The Offshore Sublimit is part of, and not in addition to, the Aggregate Commitments.
Offshore Sublimit means, as of any date of determination, the lesser of (i) the Offshore Revolver Dollar Sublimit Amount then in effect, (ii) the Dollar Equivalent of the Offshore Revolving Loan Commitments then in effect, and (iii) the Revolving Loan Commitments then in effect.