Aggregate LC Exposure definition

Aggregate LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time.

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Aggregate LC Exposure means the aggregate amount of the LC Exposures of each of the Lenders.

Aggregate LC Exposure means, at any time, the aggregate of the Domestic LC Exposure, the Ex-Im LC Exposure and the Canadian LC Exposure.

Examples of Aggregate LC Exposure in a sentence

• The Administrative Agent shall not incur any liability by acting in reliance upon (i) information supplied to it by the LC Agent as to the Aggregate LC Exposure at any time or (ii) any notice, consent, certificate, statement, or other writing (which may be a bank wire, telex, facsimile transmission or similar writing) believed by it to be genuine or to be signed by the proper party or parties.

• The Account Parties may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments shall be in an amount that is $25,000,000 or a larger multiple of $5,000,000 and (ii) the Account Parties shall not terminate or reduce the Commitments if the Aggregate LC Exposure would exceed the Commitments.

• An Alternative Currency Letter of Credit shall be issued, amended, renewed or extended only if (and upon such issuance, amendment, renewal or extension of each Alternative Currency Letter of Credit XL Group shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, the Aggregate LC Exposure shall not exceed the aggregate amount of the Commitments.

• The LC Issuing Banks shall furnish to the Agent upon request such information as the Agent shall reasonably request in order to calculate (i) the Aggregate LC Exposure existing from time to time and (ii) the amount of any fee payable for the account of the Lenders under Section 2.07(b).

• The Company will not, and will not permit any of its Subsidiaries to, permit Aggregate L/C Exposure (a) at any time to be less than 100% cash collateralized or (b) at any time to exceed $15,000,000.

More Definitions of Aggregate LC Exposure

Aggregate LC Exposure means, at any time, the sum, without duplication, of (i) the aggregate amount that is (or may thereafter become) available for drawing under all Letters of Credit outstanding at such time plus

Aggregate LC Exposure means the aggregate amount of the LC Exposures of each of the Lenders. “Agreement” shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

Aggregate LC Exposure means, at any time, the sum of (a) the

Aggregate LC Exposure means at any time the aggregate face amount of all undrawn and uncancelled Letters of Credit and the aggregate of all amounts drawn under all Letters of Credit and not yet reimbursed.

Aggregate LC Exposure means, at any time, the aggregate of the Domestic LC Exposure, the Ex-Im LC Exposure and the Canadian LC Exposure. “Applicable Fee Rate” means, for any day, with respect to any commitment fees payable hereunder, the applicable rate per annum set forth below under the caption “Commitment Fee Rate”, based upon average daily Aggregate Credit Exposure for the prior fiscal quarter, as determined by the Administrative Agent; provided, that until five Business Days after the fiscal quarter ending June 30, 2011, the “Applicable Fee Rate” shall be the applicable rate per annum set forth below in Category 2: Aggregate Credit Exposure Commitment Fee Rate Category 1 <$70,000,000 0.50 % Category 2 ³$70,000,000 but £$140,000,000 0.38 % Category 3 >$140,000,000 0.25 %

Aggregate LC Exposure means the aggregate face amount of all undrawn letters of credit and letters of guaranty issued by, on behalf of or for the benefit of Borrower or any of its Subsidiaries (whether issued under this Agreement or otherwise) plus the aggregate drawn amount of such letters of credit and letters of guaranty that have not yet ripened into reimbursement obligations.

Aggregate LC Exposure means, at any time, the sum, without duplication, of (i) the aggregate amount that is (or may thereafter become) available for drawing under all Letters of Credit outstanding at such time plus ---- (ii) the aggregate unpaid amount of all LC Reimbursement Obligations at such time minus (iii) the aggregate amount of cash collateral deposited by the ----- Borrower pursuant to Section 204 and held by the Administrative Agent in the General Collateral Account at such time.