Daylight Overdraft Sublimit definition
Daylight Overdraft Sublimit means, as of any date, an amount equal to the lesser of (i) $25,000,000 or (ii) $50,000,000 minus the aggregate principal amount of any Swing Line Loans outstanding as of such date.
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Related to Daylight Overdraft Sublimit
L/C Sublimit has the meaning ascribed to it in Annex B.
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.
LC Sublimit means $500,000,000.
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.
Issuing Bank Sublimit means, as of the Effective Date, (i) $10,000,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such 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 Borrower.