RT Credit Limit definition

RT Credit Limit means, at any particular time, $400,000,000, as such amount may be reduced pursuant to Section 2.3.

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RT Credit Limit means, at any particular time, $50,000,000, as such amount may be reduced pursuant to Section 2.3 or increased pursuant to Section 2.6.

RT Credit Limit means, at any particular time, $700,000,000 or the U.S. Dollar Equivalent thereof, (as such amount may be increased pursuant to 2.6 or reduced pursuant to Section 2.3).

Examples of RT Credit Limit in a sentence

• Subject to the terms and conditions hereof, the aggregate amount of credit outstanding under the RT Facility shall not at any time exceed the RT Credit Limit.

• The amount of the RT Credit Limit will not be reduced at the time, and in the amount, of any prepayment or repayment under the RT Facility pursuant to Sections 9.3 or 9.4, but will be reduced at the time, and by the amount of, any repayment of the RT Facility pursuant to Sections 9.2 and 9.5 and will be reduced to zero on the RT Maturity Date.

• Upon any reduction of the RT Credit Limit, the Individual Commitment of each Lender with respect thereto shall thereupon be reduced by an amount equal to such Lender’s Pro Rata Share of such reduction of such RT Credit Limit.

• Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower a revolving term credit facility (the “RT Facility”) in the amount of the RT Credit Limit; provided at no time shall the aggregate amount of credit extended by way of Letters exceed the Letter Limit at such time.

• For certainty, the aggregate Individual Commitments under the RT Facility shall not exceed at any particular time the RT Credit Limit minus the aggregate of any permanent reductions to the RT Facility made by the Borrower pursuant to Section 2.3.

• The amount of the RT Credit Limit will not be reduced by any prepayment or repayment under the RT Facility pursuant to Section 9.39.4, but will be reduced by any prepayment or repayment under the RT Facility pursuant to Section 9.1 and will be reduced to zero on the Maturity Date.

• The amount of the RT Credit Limit will not be reduced at the time, and in the amount, of any prepayment or repayment under the RT Facility pursuant to Section 9.4, but will be reduced at the time, and by the amount of, any repayment of the RT Facility pursuant to Sections 9.2 and 9.5 and will be reduced to zero on the RT Maturity Date.

• The Borrowers may, from time to time and at any time, by notice in writing to the Administrative Agent, permanently reduce the RT Credit Limit to the extent it is not being utilized.

• The increase in such Accordion Lender’s Individual Commitment with respect to the RT Facility and the corresponding increase in the RT Credit Limit shall, subject to Section 2.6(d), become effective on the Accordion Effective Date.

• The amount of the RT Credit Limit will not be reduced by any prepayment or repayment under the RT Facility pursuant to Section 9.3, but will be reduced by any prepayment or repayment under the RT Facility pursuant to Section 9.1 and will be reduced to zero on the Maturity Date.

More Definitions of RT Credit Limit

RT Credit Limit means $25,000,000 or the U.S. Dollar Equivalent thereof, as such amount may be reduced from time to time pursuant to Section 2.4.

RT Credit Limit means (i) prior to the HY Effective Date, $150,000,000 and (ii) on and following the HY Effective Date, $75,000,000 which amount may be increased pursuant to Section 2.6 and, in each case, as such amounts may be reduced from time to time pursuant to Section 2.3.”