Letter of Credit Undrawn Amounts definition

Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

Letter of Credit Undrawn Amounts means, collectively, the LC Facility Undrawn Amounts and the Revolving Letter of Credit Undrawn Amounts.

Letter of Credit Undrawn Amounts means, at any time, with respect to the Revolving Credit Facility, the aggregate undrawn amount of all Letters of Credit outstanding at such time under such Revolving Credit Facility.

Examples of Letter of Credit Undrawn Amounts in a sentence

• In no event shall any Swing Bank be obligated to make any Swing Loan or Revolving Credit Loan if the sum of outstanding Swing Loans and Revolving Credit Loans made or to be made by such Swing Bank and its aggregate participation in the Letter of Credit Undrawn Amounts and Reimbursement Obligations would exceed its Revolving Credit Commitment or if the Swing Loans made or to be made by such Swing Bank would exceed its Swing Commitment.

• The aggregate amount of the sum of a Multicurrency Lender's Multicurrency Loans, its Revolving Credit Loans and its participation in Letter of Credit Undrawn Amounts, Reimbursement Obligations and Swing Loans may exceed such Multicurrency Lender's Revolving Credit Commitment.

• In lieu of the Cash Collateral required by the preceding sentence with respect to any Letter of Credit, the Borrowers may deliver to an Issuer a “back-to-back” letter of credit issued on behalf of, or for the account of, such Issuer in form and substance, and issued by a financial institution satisfactory to the Administrative Agent and such Issuer, and having a face amount equal to 103% of the applicable Letter of Credit Undrawn Amounts.

• If any such excess remains after repayment in full of the aggregate outstanding U.S. Swing Loans and U.S. Revolving Credit Loans, the U.S. Borrower shall provide cash collateral for Letter of Credit Undrawn Amounts in the manner set forth in Section 7.04 in an amount equal to 103% of the sum of all Letter of Credit Undrawn Amounts.

• On and as of the date of any Non Pro Rata Commitment Reduction, the Letter of Credit Undrawn Amounts at such time shall be reallocated to the Lenders in accordance with their new respective Commitments.

More Definitions of Letter of Credit Undrawn Amounts

Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time (including, for any Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof).

Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn amount of all Letters of Credit outstanding at such time. “Leverage Ratio” means, with respect to the U.S. Borrower and its Subsidiaries on a Consolidated basis as of any date, the ratio of Financial Covenant Debt as of such date to EBITDA for the last four Fiscal Quarters ending on or before such date. “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance, lien (statutory or other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever intended to assure payment of any Indebtedness or the performance of any other obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease and any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any financing statement under the UCC or comparable law of any jurisdiction naming the owner of the asset to which such Lien relates as debtor. “Loan Documents” means this Agreement, the Notes, each Letter of Credit and each certificate, agreement or document executed by a Borrower and delivered to the Administrative Agent or any Lender in connection with or pursuant to any of the foregoing. “Loans” means all Revolving Loans, all Swing Loans and all Letter of Credit Loans. “Local Time” means, with respect to any Loan denominated, or any payment to be made, in Dollars, New York City time, and with respect to any Loan denominated, or any payment to be made, in an Alternate Currency, the local time in the Principal Financial Center for such Alternate Currency. “Margin Regulations” means, collectively, Regulations T, U and X, as from time to time in effect, and any regulation replacing the same, of the Board of Governors of the Federal Reserve System, or any successor thereto. “Material Adverse Change” means a material adverse change in any of (a) the business, condition (financial or otherwise), operations or properties of the U.S. Borrower and its Subsidiaries taken as a whole, (b) the legality, validity or enforceability of any Loan Document, (c) the ability of the Borrowers to repay the Obligations or to perform their respective obligations under the Loan Documents or (d) the rights and remedies of the Administrative Agent or the Lenders under the Loan Documents. “Material Adverse Effect” means an effect that results in or causes, o...

Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time. “Leverage Ratio” means, with respect to any Person as of any date, the ratio of (a) Consolidated Financial Covenant Debt of such Person and its

Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such

Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at

Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time. “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any Capitalized Lease having substantially the same economic effect as any of the foregoing); provided, that in no event shall an operating lease in and of itself be deemed a Lien. “Line Cap” means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time. “Liquidation” means the exercise by the Collateral Agent or the Administrative Agent of those rights and remedies accorded to the Collateral Agent or the Administrative Agent under the Loan Documents and applicable Law as a creditor of the Loan Parties with respect to the realization on the Collateral, including (after the occurrence and continuation of an Event of Default) the conduct by the Loan Parties acting with the consent of the Collateral Agent or the Administrative Agent, of any public, private or “going out of business” sale or other disposition of the Collateral for the purpose of liquidating the Collateral. Derivations of the word “Liquidation” (such as “Liquidate”) are used with like meaning in this Agreement. “Liquidity” means, at any time, the sum of (a) Excess Availability at such time 5339129.14 28

Letter of Credit Undrawn Amounts means the Tranche A Letter of Credit Undrawn Amounts and/or the Tranche B Letter of Credit Undrawn Amounts, as the case may be.