Limitations on Amounts. Non-Syndicated Letters of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 4 contracts
Samples: Credit Agreement (Xl Group PLC), Credit Agreement (Xl Group PLC), Secured Credit Agreement (Xl Group PLC)
Limitations on Amounts. Non-A Syndicated Letters Letter of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 4 contracts
Samples: Credit Agreement (Xl Group PLC), Secured Credit Agreement (Xl Group PLC), Credit Agreement (Xl Group PLC)
Limitations on Amounts. Non-A Syndicated Letters Letter of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Credit Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Credit Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 2 contracts
Samples: Assignment and Assumption (Xl Group PLC), Unsecured Credit Agreement (Xl Group PLC)
Limitations on Amounts. Non-A Syndicated Letters Letter of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Credit Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Credit Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 2 contracts
Samples: Day Credit Agreement (Xl Capital LTD), Credit Agreement (Xl Capital LTD)
Limitations on Amounts. Non-Syndicated Letters of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Credit Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Credit Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 2 contracts
Samples: Unsecured Credit Agreement (Xl Group PLC), Assignment and Assumption (Xl Group PLC)
Limitations on Amounts. Non-Syndicated Letters of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Credit Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Credit Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 2 contracts
Samples: Credit Agreement (Xl Capital LTD), Day Credit Agreement (Xl Capital LTD)
Limitations on Amounts. Non-A Syndicated Letters Letter of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Credit Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 1 contract
Samples: Credit Agreement (Xl Capital LTD)
Limitations on Amounts. Non-Syndicated Letters of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Non-Syndicated Letter of Credit XL Group the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the Aggregate LC Credit Exposure of the Lenders shall not exceed the aggregate amount of the Commitments and (ii) the LC Exposure (excluding any Alternative Currency LC Exposure) of each Lender shall not exceed the Commitment of such Lender.
Appears in 1 contract
Samples: Credit Agreement (Xl Capital LTD)
