Examples of Revolver Sublimit in a sentence
No Letter of Credit shall be issued, renewed, extended or increased if, after giving effect thereto, (A) the Available Revolving Facility Commitment would be less than zero, (B) Aggregate Letter of Credit (Revolver) Usage would exceed the Letter of Credit (Revolver) Sublimit, or (C) the Available Revolving Lender Commitment of any Revolving Lender would be less than zero.
If at any time the Aggregate Letter of Credit (Revolver) Usage exceeds the Letter of Credit (Revolver) Sublimit, the Borrower shall reduce the Aggregate Letter of Credit (Revolver) Usage by providing collateral for the Letter of Credit Liability corresponding to such excess Aggregate Letter of Credit (Revolver) Usage in the manner set forth in Section 4.14 to the extent required to eliminate such excess.
The maximum amount of Revolver Commitments available for use under the German Sub-Facility shall be the then current Total German Revolver Sublimit.
The maximum amount of Revolver Commitments available for use under the U.S. Sub-Facility shall be the then current U.S. Revolver Sublimit.
The maximum amount of Revolver Commitments available for use under the Canadian Sub-Facility shall be the then current Canadian Revolver Sublimit.
Notwithstanding anything to the contrary stated in Section 5 of the Credit Agreement, at no time during the period beginning on the date hereof and ending on the Forbearance Termination Date shall the Issuing Bank be required to issue, extend or renew any Letter of Credit if, as a result thereof, the Revolving Facility Usage, after giving effect to such issuance, extension or renewal, would exceed the Revolver Sublimit in effect at such time.
U.S. Maximum Credit: at any time, the lesser of (a) the U.S. Revolver Sublimit in effect at such time and (b) the U.S. Borrowing Base at such time.
Canadian Maximum Credit: at any time, the lesser of (a) the Canadian Revolver Sublimit in effect at such time and (b) the Canadian Borrowing Base at such time.
Notwithstanding anything to the contrary stated in Section5 of the Credit Agreement, at no time during the period beginning on the date hereof and ending on the Forbearance Termination Date shall the Issuing Bank issue, extend or renew any Letter of Credit if, as a result thereof, the Revolving Facility Usage, after giving effect to such issuance, extension or renewal, would exceed the Revolver Sublimit in effect at such time.
Canadian Revolver Sublimit: an aggregate amount equal to $20,000,000, as such amount may be (a) increased from time to time as a result of a Revolver Commitment Increase pursuant to Section 2.1.4(a), and (b) increased or decreased from time to time as a result of a U.S. Revolver Commitment Adjustment pursuant to Section 2.1.11.