Borrowing Sublimit definition

Borrowing Sublimit means $300,000,000.00.
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Borrowing Sublimit means with respect to any Subsidiary Borrower, the WIC Sublimit or the Additional Borrower Sublimit of such Subsidiary Borrower, as applicable.
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Borrowing Sublimit means $200,000,000.
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Examples of Borrowing Sublimit in a sentence

  • The Letter of Credit Sublimit will be subject to upward adjustment provided there is a corresponding reduction in the Direct Borrowing Sublimit as described in section (g) below.

  • Subject to the foregoing, any reduction of the Commitments by an amount in excess of the Borrowing Sublimit shall result in a reduction of the L/C Commitment Amount to the extent of such excess.

  • Upon the closing of the DSI Sale (the "DSI Sale Date"), Anacomp will immediately make a mandatory prepayment in the amount of the greater of 85% of the net proceeds from the DSI Sale and $4,000,000 (the "DSI Prepayment") to the Banks to permanently reduce the Direct Borrowing Sublimit and the Facility.

  • Within the limits of each Lender’s Revolving Lending Commitment and the Borrowing Sublimit, amounts of Loans repaid may be reborrowed under this Section 2.1. The entire amount of the Revolving Commitments will be available in the form of letters of credit issued pursuant to Section 2.4.

  • The FBB will not, however, be used to determine availability under the Facility unless and until the Direct Borrowing Sublimit is less than the FBB.

  • Within the limits of such Lender's Available Commitment and the Borrowing Sublimit, the Borrower may request Advances hereunder, repay or prepay Advances and utilize the resulting increase in the Available Commitments for further Advances in accordance with the terms hereof.

  • Any Commitment Increase shall not increase the Borrowing Sublimit.

  • If the proceeds of the docHarbor Transaction are less than $8,000,000, Anacomp will make an additional prepayment on the Effective Date to the Banks equal to the difference between $8,000,000 and the proceeds of the docHarbor Transaction to permanently reduce the Direct Borrowing Sublimit and the Facility.

  • The Borrowing Sublimit shall be automatically and permanently reduced upon any sale, lease, transfer or other disposition of all or substantially all of the G&I Business Unit to a Person other than the Borrower or any Subsidiary of the Borrower to $350,000,000; provided that such reduction shall become effective upon the compliance by the Borrower or such Subsidiary of all terms and conditions specified in Section 5.02(e)(iii).

  • Dividends: Anacomp will be permitted to pay dividends to its shareholders if (a) the Direct Borrowing Sublimit is less than or equal to the FBB; (b) no Event of Default has occurred under the Facility or would be caused after the payment of such dividends; and (c) the dividend is otherwise permitted by applicable law.


More Definitions of Borrowing Sublimit

Borrowing Sublimit means an amount equal to $850,000,000 available to the Borrower for Revolving Credit Advances, as the same may be reduced pursuant to Section 2.05(b); provided that the Borrowing Sublimit shall not be applicable to any Revolving Credit Advances with respect to which the proceeds therefrom are used to repay any Letter of Credit Advance pursuant to Section 2.06(c). The Borrowing Sublimit is part of, and not in addition to, the Revolving Credit Facility.
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Related to Borrowing Sublimit

  • Swingline Sublimit means an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • LC Sublimit means $500,000,000.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $50,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $25,000,000, in the case of Chase and (ii) such amount as shall be designated to the Administrative Agent and the Borrower Representative in writing by an Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrowers.

  • Foreign Currency Sublimit means $75,000,000.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Swing Line Commitment means, as to the Swing Line Lender, the commitment of the Swing Line Lender to make Swing Line Advances as set forth on Annex J to the Agreement, which commitment constitutes a subfacility of the Revolving Loan Commitment of the Swing Line Lender.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Maximum line current means the root-mean-square current in the supply line of an x-ray machine operating at its maximum rating.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment as of the Closing Date is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $75,000,000. The Revolving Commitment of each Lender will be equal to zero on the Revolving Commitment Termination Date.