AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY Sample Clauses

AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY. Section 4.1 L/C Commitment. (a) Subject to the terms and conditions hereof, each Issuing Bank, in reliance on the agreements of the other Revolving Banks set forth in Section 4.4(a), agrees to issue letters of credit ("Letters of Credit") for the account of the Borrower on any Banking Day during the Commitment Period in such form as may be approved from time to time by the Issuing Bank; provided that such Issuing Bank shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the sum of the aggregate then-outstanding principal amount of the Swingline Loans and the aggregate then-outstanding amount of the L/C Obligations would exceed $75,000,000 or (ii) the Total Revolving Extensions of Credit would be in excess of the Total Revolving Commitment. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Banking Days prior to the Termination Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above).
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AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY. 5.1 Letters of Credit. (a) GE Capital agrees, subject to the terms ----------------- and conditions hereinafter set forth, to incur, from time to time on written request of the Company, Letter of Credit Obligations in respect of Letters of Credit and GE Guarantees; provided, however, that (i) the amount of all Letter ----------------- of Credit Obligations incurred by GE Capital at any one time outstanding (whether or not then due and payable) shall not exceed $5,000,000 in the aggregate and (ii) after giving effect to the incurrence of any Letter of Credit Obligations, the sum of the outstanding Reimbursement Obligations at such time and the then outstanding Revolving Credit Loans (without duplication of Reimbursement Obligations deemed to have become Loans) and Swingline Loans shall not exceed the Borrowing Base then in effect; and further provided, however, ------- -------- ------- that (i) no Letter of Credit or GE Guarantee shall have an expiration date which is more than one year following the date of issuance thereof and (ii) GE Capital shall be under no obligation to incur Letter of Credit Obligations in respect of any Letter of Credit or GE Guarantee having an expiration date which is later than the Revolving Credit Termination Date. The determination by GE Capital of the bank or other legally authorized Person (including GE Capital) which shall issue any letter of credit contemplated by this subsection 5.1(a) shall be made by GE Capital, in its sole discretion. Upon the date of the issue of a Letter of Credit or GE Guarantee hereunder, GE Capital shall be deemed, without further action by any party hereto, to have sold to each Revolving Credit Lender, and each Revolving Credit Lender shall be deemed, without further action by any party hereto, to have irrevocably purchased from GE Capital, a participation in such Letter of Credit or GE Guarantee and the related Letter of Credit Obligations and Reimbursement Obligations in an amount equal to such Lender's Revolving Credit Percentage thereof, and each Revolving Credit Lender (other than GE Capital) shall absolutely, unconditionally and irrevocably assume, as primary obligor and not as surety, and shall be unconditionally obligated to GE Capital to pay and discharge when due, such Revolving Credit Lender's participation interest in GE Capital's liability under such Letter of Credit Obligations, provided that no such Revolving Credit Lender shall be liable for -------- payment of any amount hereunder...
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AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY. 3.1 L/C COMMITMENT. (a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Revolving Credit Lenders set forth in subsection 3.4(a), agrees to issue letters of credit ("LETTERS OF CREDIT") for the account of any Borrower on any Business Day during the Commitment Period in such form as may be approved from time to time by such Issuing Lender; PROVIDED that such Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment, (ii) the Available Revolving Credit Commitment of any Revolving Credit Lender would be less than zero or (iii) the Aggregate Outstanding Extensions of Credit of all Revolving Credit Lenders would exceed the Aggregate Revolving Credit Commitment then in effect.
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AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY. 3.1 L/C Commitment (a) Subject to the terms and conditions hereof, each Issuing Bank, in reliance on the agreements of the other Lenders set forth in subsection 3.4(a), agrees to issue any Letters of Credit requested to be issued by it for the account of either Account Party on any Business Day during the Commitment Period in such form as may be approved from time to time by such Issuing Bank; provided that such Issuing Bank shall not issue any Letter of Credit if, after giving effect to such issuance, such Issuing Bank has actual knowledge that (i) the L/C Obligations would exceed the L/C Commitment or (ii) the Total Extensions of Credit would exceed the Total Commitments.
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AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY. 4.1 L/C Commitment.
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AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY. 5.1. L/C Commitment. (a) Subject to the terms and conditions hereof, the Issuing Lender, in reliance on the agreements of the other Revolving Credit Lenders set forth in subsection 5.4(a), agrees to issue letters of credit ("Letters of Credit") for the account of the Borrower and its Subsidiaries on any Business Day during the Commitment Period in such form as may be approved from time to time by the Issuing Lender; provided that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment, (ii) the Available Revolving Credit Commitment of any Revolving Credit Lender would be less than zero, (iii) the Aggregate Outstanding Extensions of Credit of all Revolving Credit Lenders would exceed the lesser of (A) the Aggregate Revolving Credit Commitment then in effect and (B) the Borrowing Base then in effect or (iv) the sum of (A) the Aggregate Outstanding Extensions of Credit of all the Revolving Credit Lenders and (B) the Canadian Subsidiary Equivalent Outstandings would exceed the Aggregate Revolving Credit Commitment.
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AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY 
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Related to AMOUNT AND TERMS OF LETTER OF CREDIT SUB-FACILITY

  • Amount and Terms of Credit 1.1 Credit Facilities

  • Amount and Terms of Commitment Each Lender severally agrees, on the terms and subject to the conditions hereinafter set forth,

  • Amount and Terms of Revolving Commitments 2.1 [Reserved].

  • Amount and Terms of Commitments 2.1 [Reserved].

  • Amount and Terms of the Credit Facility 2.1. The Commitments; Increase in Total Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars to the Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that will not result in such Lender’s Exposure exceeding such Lender’s Commitment. During the Commitment Period the Borrower may use the Commitments by borrowing, prepaying the Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary in this Agreement, in no event may Loans be borrowed under this Section 2.1 if, after giving effect thereto, the aggregate principal amount (a) of the Total Exposures at such time would exceed the Total Commitments then in effect or (b) the Exposure of any Lender at such time would exceed such Lender’s Commitment. The Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6. The respective obligations of the Lenders under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

  • Amount and Terms of Revolving Credit Commitments 3.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to the extent of its Revolving Credit Commitment to extend credit to the Company from time to time on any Borrowing Date during the Revolving Credit Commitment Period (i) by purchasing an L/C Participating Interest in each Letter of Credit issued by the Issuing Lender and (ii) by making loans in Dollars (individually, such a Loan is a "Revolving Credit Loan", and collectively such Loans are the "Revolving Credit Loans") to the Company from time to time. Notwithstanding the above, in no event shall any Revolving Credit Loans be made, or Letter of Credit be issued, if the aggregate amount of the Revolving Credit Loans to be made or Letter of Credit to be issued would, after giving effect to the use of proceeds, if any, thereof, exceed the aggregate Available Revolving Credit Commitments nor shall any Letter of Credit be issued if after giving effect thereto the sum of the undrawn amount of all outstanding Letters of Credit and the amount of all L/C Obligations would exceed $10,000,000. During the Revolving Credit Commitment Period, the Company may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof, and/or by having the Issuing Lender issue Letters of Credit, having such Letters of Credit expire undrawn upon or if drawn upon, reimbursing the Issuing Lender for such drawing, and having the Issuing Lender issue new Letters of Credit.

  • Amount and Terms of the Loan Subject to the terms of this Agreement:

  • Amount and Terms of Loans 32 2.1 Loans..........................................................................................32 2.2

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Amount and Terms of Loan 1.1 Subject to the terms and conditions of this Agreement, the Lenders agree to loan to the Borrower, and the Borrower agrees to borrow from Lenders, funds in an aggregated principal amount of up to Five Million Two Hundred Thousand US Dollars ($5,286,306.25) (the "Loan"), in installments of One Hundred Thousand Dollars or greater (each a "Loan Disbursement").

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