Sterling Sublimit definition

Sterling Sublimit means $125,000,000. The Sterling Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.
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Sterling Sublimit means the Dollar Equivalent of Sterling in an amount not to exceed $100,000,000.
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Sterling Sublimit means the Dollar Equivalent of Sterling equal to $25,000,000.
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Examples of Sterling Sublimit in a sentence

  • The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit, the Swing Line Sublimit, the Euro Sublimit or the Sterling Sublimit or the unused Commitments of any Class under this Section 2.06 as the Borrower may direct in its sole discretion.

  • The amount of any such Revolving Credit Commitment reduction shall not be applied to the Letter of Credit Sublimit, the Swing Line Sublimit, the Euro Sublimit or Sterling Sublimit unless otherwise specified by the Borrower.

  • No reduction of the Commitments shall reduce the Sterling Sub-limit except that if, after giving effect to any such reduction of the Commitments, the aggregate amount of the remaining Commitments would be less than the Sterling Sub-limit, the Sterling Sub-limit thenceforth shall be such lesser amount.

  • The amount of any such Revolving Credit Commitment reduction shall not be applied to the Letter of Credit Sublimit, the Swing Line Sublimit, the Euro Sublimit or Sterling Sublimit unless otherwise specified by the BV Borrower.

  • The purchasers have agreed that the Private Placement Warrants will not be sold or transferred by them, until 30 days after the completion of a Business Combination.The Initial Stockholders and the holders of the Private Placement Warrants will be entitled to registration rights with respect to their securities pursuant to an agreement signed prior to or on the effective date of the Public Offering.

  • In no event shall a Protective Advance be made if, after giving effect thereto, (a) the Euros Outstanding shall exceed the Euro Sublimit, (b) the Sterling Outstanding shall exceed the Sterling Sublimit and (c) the Yen Outstanding shall exceed the Yen Sublimit.

  • They can develop idiom books, which are more comprehensible for learners through accompanying idioms by their etymologies or their related pictures or both of them according to learners’ level, gender, interests, and culture.

  • The aggregate amount of the Commitments on the Agreement Date is $150,000,000 and the Sterling Sub-limit on the Agreement Date is $70,000,000.

  • Within the limits of each Revolving Credit Lender’s Unused Revolving Credit Commitment in effect from time to time and the Pounds Sterling Sublimit, the Borrower may borrow under this Section 2.01(e), prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(e).

  • The aggregate amount of the Commitments on the Restated Agreement Date is $150,000,000 and the Sterling Sub-limit on the Restated Agreement Date is $70,000,000.


More Definitions of Sterling Sublimit

Sterling Sublimit means an amount equal to the lesser of (x) the Aggregate Commitments and (y) £300,000,000. The Sterling Sublimit is part of, and not in addition to, the Aggregate Commitments.
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Sterling Sublimit means, in relation to any Capital denominated in Sterling, up to £10,000,000.
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Sterling Sublimit means a Dollar Amount equal to $500,000,000.
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Sterling Sublimit means the Dollar Equivalent of Sterling equal to $25,000,000. “Submitted Amount” has the meaning set forth in Section 2.05(a)(v)(C)(1). “Submitted Discount” has the meaning set forth in Section 2.05(a)(v)(C)(1).
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Sterling Sublimit means the Dollar Equivalent of Sterling equal to $50,000,000.
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Related to Sterling Sublimit

  • L/C Sublimit means an amount equal to $5,000,000. The L/C Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • L/C Issuer Sublimit means with respect to each L/C Issuer, such amount as may be separately agreed between such L/C Issuer and the Borrower from time to time (with specific notice of such amount, and any change thereto, with respect to each L/C Issuer being promptly communicated to the Administrative Agent), provided that the L/C Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).

  • 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.

  • 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.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency 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.

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

  • 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).

  • 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.

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

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

  • 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.

  • Singapore Dollars means the lawful currency of Singapore.

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

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

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

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

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

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

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