Total Letter of Credit Commitment definition

Total Letter of Credit Commitment means an amount not to exceed $5,000,000.

Total Letter of Credit Commitment means the sum of the Letter of Credit Commitments of all the Letter of Credit Issuers.

Total Letter of Credit Commitment means, at any time, and subject to the provisions of Section 3.22 of this Agreement, the sum of each Bank’s Letter of Credit Commitment at such time.

Examples of Total Letter of Credit Commitment in a sentence

• As part of the Revolving Facility, Borrowers may, subject to the terms and conditions of this Agreement, request Letters of Credit to be issued in an amount not to exceed the Total Letter of Credit Commitment and in the event and to the extent the Issuing Bank issues a Letter of Credit on behalf of a Borrower, the Total Revolving Credit Commitment shall be considered utilized by the amount of such Letter of Credit.

• Issuing Bank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrower, to issue from time to time Letters of Credit upon delivery to Issuing Bank of an Application and Agreement for Letter of Credit in form and content reasonably acceptable to Issuing Bank; provided, that the Letter of Credit Outstandings shall not exceed the Total Letter of Credit Commitment.

• The Issuing Bank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrower, to issue from time to time Letters of Credit for the Borrower's general corporate purposes upon delivery to the Issuing Bank of an Application and Agreement for Letter of Credit in form and content acceptable to the Issuing Bank; provided, that the Letter of Credit Outstandings shall not exceed the Total Letter of Credit Commitment.

• Issuing Bank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrowers, to issue from time to time up to and including the Revolving Credit Termination Date Letters of Credit upon delivery to Issuing Bank of an Application for Letter of Credit in form and content acceptable to Issuing Bank; provided, that the Letter of Credit Outstandings shall not exceed the Total Letter of Credit Commitment.

• NationsBank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrower, to issue from time to time Letters of Credit upon delivery to NationsBank of an Application and Agreement for Letter of Credit in form and content acceptable to NationsBank; provided, that the Outstanding Letters of Credit shall not exceed the Total Letter of Credit Commitment.

More Definitions of Total Letter of Credit Commitment

Total Letter of Credit Commitment means an amount not to exceed

Total Letter of Credit Commitment has the meaning given in Section 2.3.3 of the Credit Agreement.

Total Letter of Credit Commitment means $5,000,000;

Total Letter of Credit Commitment means an amount not to exceed Fifteen Million Dollars ($15,000,000).

Total Letter of Credit Commitment means an amount not to exceed the Total Revolving Credit Commitment.

Total Letter of Credit Commitment means an amount not to exceed $70,000,000."

Total Letter of Credit Commitment means the US Dollar Equivalent Amount of US $10,000,000.