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 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.
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 Banks agree, subject to the terms and conditions of this Agreement, upon request and for the account of the Company, to issue from time to time Letters of Credit upon delivery to the Issuing Bank of an Application and Agreement for Letter of Credit in form and content acceptable to such Issuing Bank; provided, that the Outstanding Letters of Credit shall not exceed the Total Letter of Credit Commitment.
The Borrower shall pay to the Agent for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, a fee (the "Facility Fee") equal to the product of the Total Letter of Credit Commitment multiplied by 1/8 of 1% (.125%).