Common use of Limitations on Amounts Clause in Contracts

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 the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the aggregate Credit Exposure of the Lenders under the Letter of Credit Tranche shall not exceed the aggregate amount of the Letter of Credit Commitments and (ii) the Credit Exposure (excluding any Alternative Currency LC Exposure) of each Lender under the Letter of Credit Tranche shall not exceed the Letter of Credit Commitment of such Lender.

Appears in 3 contracts

Samples: Credit Agreement (Xl Capital LTD), 364 Day Credit Agreement (Xl Capital LTD), Credit Agreement (Xl Capital LTD)

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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 the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the aggregate Aggregate Credit Exposure of the Lenders under the Letter of Credit Tranche shall not exceed the aggregate amount of the Letter of Credit Commitments and (ii) the Credit Exposure (excluding any Alternative Currency LC Exposure) of each Lender under the Letter of Credit Tranche shall not exceed the Letter of Credit Commitment of such Lender.

Appears in 2 contracts

Samples: 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 the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the aggregate Credit LC Exposure of the Lenders under the Letter of Credit Tranche shall not exceed the aggregate amount of the Letter of Credit Commitments and (ii) the Credit LC Exposure (excluding any Alternative Currency LC Exposure) of each Lender under the Letter of Credit Tranche shall not exceed its Applicable Percentage of the Letter of Credit Commitment of such LenderCommitments.

Appears in 2 contracts

Samples: Credit Agreement (Security Capital Assurance LTD), Credit Agreement (Security Capital Assurance 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 the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the aggregate Credit LC Exposure of the Lenders under the Letter of Credit Tranche shall not exceed the aggregate amount of the Letter of Credit Commitments and (ii) the Credit LC Exposure (excluding any Alternative Currency LC Exposure) of each Lender under the Letter of Credit Tranche shall not exceed its Applicable Percentage of the Letter of Credit Commitment of such LenderCommitments.

Appears in 2 contracts

Samples: Credit Agreement (Security Capital Assurance LTD), Credit Agreement (Security Capital Assurance LTD)

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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 the Account Parties shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (i) the aggregate Credit Exposure of the Lenders under the Letter of Credit Tranche shall not exceed the aggregate amount of the Letter of Credit Commitments and (ii) the Credit Exposure (excluding any Alternative Currency LC Exposure) of each Lender under the Letter of Credit Tranche shall not exceed the Letter of Credit Commitment of such Lender.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Xl Capital LTD)

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