Overall Sublimit definition

Overall Sublimit. Notwithstanding anything herein to the contrary, the total combined amount outstanding under the Letter of Credit Sublimit, the Cash Management Sublimit, the FX Sublimit and the Receivables Purchase Sublimit may not exceed a combined total of $25,000,000 (the ‘Overall Sublimit’).
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Overall Sublimit has the meaning set forth in Section 2.1.1-4. “Tangible Net Worth” is, on any date, the total tangible assets of Borrower minus Indebtedness of Borrower that does not constitute Subordinated Debt. In determining Tangible Net Worth, capitalized development expenses are to be treated as an intangible asset.
Sample 1
Overall Sublimit is defined in Section 2.5.
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Examples of Overall Sublimit in a sentence

  • Subject to the Overall Sublimit in Section 2.1.5 below, as part of the Revolving Line, Borrower may enter into foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a specified date (the “Settlement Date”).

  • Subject to the Overall Sublimit in Section 2.1.1-4 below, as part of the Revolving Line, Borrower may enter into foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a specified date (the “Settlement Date”).

  • Subject to the Overall Sublimit, Borrower may use up to $25,000,000 (the “Cash Management Sublimit”) of Loans available hereunder for Silicon’s Cash Management Services (as defined below), including, merchant services, business credit card, ACH and other services identified in the cash management services agreement related to such service (the “Cash Management Services”).

  • In addition to the applicability of the Overall Sublimit, the aggregate amount of any new FX Reserve arising from the proposed issuance of any new FX Forward Contract may not exceed the then applicable Availability Amount.

  • In addition to the applicability of the Overall Sublimit, the aggregate amount available to be used for the issuance of any new Letters of Credit may not exceed the then applicable Availability Amount.

  • Subject to the Overall Sublimit in Section 2.1.5 below, Borrower may use up to $2,500,000 of the Revolving Line for Bank’s cash management services which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank’s various cash management services agreements (collectively, the “Cash Management Services”).

  • Borrower may use up to $10,000,000 (the "Cash Management Services Sublimit") of the Revolving Line, subject to the Overall Sublimit for Bank's cash management services which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank's various cash management services agreements (collectively, the "Cash Management Services").

  • FX Forward Contracts shall have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each outstanding FX Forward Contract in a maximum aggregate amount equal to $10,000,000 (the "FX Reserve"), subject to the Overall Sublimit.

  • The face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed $10,000,000, subject to the Overall Sublimit.

  • The aggregate amount available to be used for the issuance of Letters of Credit is Two Million Five Hundred Thousand Dollars ($2,500,000) (the “LC Sublimit”), subject to the Overall Sublimit in Section 2.1.5 below, and in addition may not exceed the Availability Amount.


More Definitions of Overall Sublimit

Overall Sublimit means an aggregate amount equal to $1,000,000 with respect to the Letter of Credit Sublimit and the Foreign Exchange Contract Sublimit on a joint basis for all Borrowers."
Sample 1
Overall Sublimit means that the total of the Letter of Credit Sublimit, the aggregate Foreign Exchange Reserve and the Cash Management Sublimit (collectively, the "Sublimits") shall not exceed $10,000,000 at any time and such combined overall limitations shall supersede and control the aggregate amount of Credit Extensions pertaining to Letters of Credit, FX Forward Contracts and Cash Management Services utilizations.
Sample 1
Overall Sublimit has the meaning set forth in Section 2.1.1-4.
Sample 1

Related to Overall Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • LC Sublimit means $500,000,000.

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) $100,000,000 and (b) the Aggregate Commitments. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • Foreign Currency Sublimit means $100,000,000.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Maximum line current means the root-mean-square current in the supply line of an x-ray machine operating at its maximum rating.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Aggregate Credit Exposures means, at any time, the sum of (a) the unused portion of each Revolving Credit Commitment then in effect, (b) the unused portion of each Term Commitment then in effect and (c) the Total Outstandings at such time.

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.