Wet Sublimit definition

Wet Sublimit means, at any time, a percentage of the total Commitments, which percentage is (a) 25% for the first four and last three Business Days of each Calendar Month, and (b) 15% at all other times.
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Wet Sublimit shall have the meaning set forth on Schedule 4.
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Wet Sublimit means, at any time, a percentage of the total Commitments, which percentage is (a) 25% for the first five and last five Business Days of each Calendar Month, and (b) 20% at all other times.
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Examples of Wet Sublimit in a sentence

  • Many cryptographic and other technical protection mecha- nisms have as their real function the maintenance of this differential.Another business strategy is to manipulate switch- ing costs.


More Definitions of Wet Sublimit

Wet Sublimit means Four Million Dollars ($4,000,000.00) EXHIBIT A REQUEST FOR LOAN PURCHASE BUYER: Western Alliance Bank DATE: , 20 SELLER: This request is delivered pursuant to Section 3.01 of the Master Repurchase Agreement (as renewed, extended, amended, or restated, the “Repurchase Agreement”) dated as of June 15, 2017 between Seller and Buyer. Terms defined in the Repurchase Agreement have the same meanings when used, unless otherwise defined, in this request. Seller requests that Buyer purchase from Seller on the terms set forth in the Repurchase Agreement, the Mortgage Loan below (the “Subject Loan”). In that connection, Seller hereby represents and warrants to Buyer that no Default exists and all representation and warranties applicable to Seller and the Subject Loan contained in the Repurchase Agreement are, as of the date hereof and as of the Purchase Date applicable to the Subject Loan, true and correct. Upon Buyer’s funding of the Purchase Price in accordance with the Repurchase Agreement, Seller confirms its assignment of the Subject Loan (and hereby assigns the Subject Loan) in accordance with the terms of the Repurchase Agreement, including Section 3.04. This assignment is made pursuant to and upon the representations; warranties and agreements on the part of the undersigned contained in the Repurchase Agreement and is governed by the Repurchase Agreement.
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Wet Sublimit. MEANS, AT ANY TIME, A PERCENTAGE OF THE TOTAL COMMITMENTS, WHICH PERCENTAGE IS (A) 30% FOR THE FIRST FIVE AND LAST FIVE BUSINESS DAYS OF EACH CALENDAR MONTH, AND (B) 25% AT ALL OTHER TIMES.
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Wet Sublimit at any time, means 5% of the total Commitments as of June 23, 1995, and 0% of the total Commitments as of June 28, 1995.
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Wet Sublimit means 30% of the total Commitments.
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Wet Sublimit means (a) 30% of the total Commitments for the first five and last five Business Days of each Calendar Month, and (b) 20% at all other times.
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Wet Sublimit means [***], except for the first [***] and the [***] of the month, when the Wet Sublimit shall mean [***].”
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Related to Wet Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • 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.

  • 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.

  • LC Sublimit means $500,000,000.

  • 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.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) $100,000,000 and (b) the Aggregate Commitments. The Letter of Credit 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.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Foreign Currency Sublimit means $100,000,000.

  • 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.

  • Maximum line current means the root-mean-square current in the supply line of an x-ray machine operating at its maximum rating.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.

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

  • 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.

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

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

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

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

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

  • Aggregate Credit Exposures means, at any time, the sum of (a) the unused portion of each Revolving Credit Commitment then in effect, (b) the unused portion of each Term Commitment then in effect and (c) the Total Outstandings at such time.

  • Letter of Credit Outstandings means, at any time, the sum of (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the amount of all Unpaid Drawings.

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

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

  • 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.

  • Aggregate Commitments means the Commitments of all the Lenders.