Aggregate L/C Limit definition

Aggregate L/C Limit means at and for any time of determination, the greater of (x) the lesser of (i) $100,000,000 and (ii) the Aggregate Commitment at such time or scheduled to be in effect for such time (after giving effect to the scheduled termination of the Commitment of any Declining Lender or any Facility Increase under Section 2.18) and (y) 50% of the Aggregate Commitment at such time or scheduled to be in effect for such time (after giving effect to the scheduled termination of the Commitment of any Declining Lender or any Facility Increase under Section 2.18). The Aggregate L/C Limit is part of, and not in addition to, the Aggregate Commitment.
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Aggregate L/C Limit means at and for any time of determination, 100% of the Aggregate Revolving Credit Commitments at such time or scheduled to be in effect for such time (after giving effect to the scheduled termination of the Revolving Credit Commitment of any Revolving Credit Declining Lender or any Facility Increase under Section 2.18). The Aggregate L/C Limit is part of, and not in addition to, the Aggregate Revolving Credit Commitment.
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Aggregate L/C Limit means at and for any time of determination, 50% of the Aggregate Revolving Credit Commitments at such time or scheduled to be in effect for such time (after giving effect to the scheduled termination of the Revolving Credit Commitment of any Revolving Credit Declining Lender or any Facility Increase under Section 2.18). The Aggregate L/C Limit is part of, and not in addition to, the Aggregate Revolving Credit Commitment.
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Examples of Aggregate L/C Limit in a sentence

  • If at any time (1) the Total Revolving Credit Exposure of any Lender exceeds its Revolving Credit Commitment at such time, the Borrower shall prepay Revolving Credit Loans and/or Cash Collateralize Letter of Credit Obligations to eliminate such excess; or (2) the Letter of Credit Obligations exceeds the Aggregate L/C Limit at such time, the Borrower shall Cash Collateralize Letter of Credit Obligations to eliminate such excess.


More Definitions of Aggregate L/C Limit

Aggregate L/C Limit means $200,000,000. The Aggregate L/C Limit is part of, and not in addition to, the Aggregate Commitment.
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Related to Aggregate L/C Limit

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Aggregate Cap means (x) with respect to any four fiscal quarter period through and including the four fiscal quarter period ended after the consummation of the Empire Acquisition, 20% and (y) thereafter, 15%, in each case, of Consolidated EBITDA for the relevant Test Period (calculated prior to giving effect to any add-backs subject to the Aggregate Cap).

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Aggregate Revolving Committed Amount means the aggregate Dollar Amount of Commitments in effect from time to time, being initially ONE BILLION FIVE HUNDRED MILLION DOLLARS ($1,500,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 or Section 2.24, as applicable, from time to time).