Dollar LC Participation Amount definition

Dollar LC Participation Amount means, at any time of determination, the aggregate LC Participation Amount with respect to Letters of Credit denominated in Dollars.

Dollar LC Participation Amount means, at any time of determination, the aggregate LC Participation Amount with respect to Letters of Credit denominated in Dollars. “Dollar Support Amount” means, at any time of determination, the product of (a) Purchased Interest, times (b) the aggregate Outstanding Balance of Dollar-denominated Eligible Receivables. “Drawing Date” has the meaning set forth in Section 1.15(b) of this Agreement. “Eligible Receivable” means, at any time, a Pool Receivable: (a) the Obligor of which is (i) a resident of the United States (including its territories) or, subject to the limitations in the definition of “Excess Concentrations”, a Governmental Authority, or a resident of a country other than the United States (including its territories), (ii) not subject to an Insolvency Proceeding, (iii) not an Affiliate of Parent, and (iv) not a Sanctioned Person; (b) that is denominated and payable in U.S. dollars to a Collection Account in the United States and the Obligor with respect to which has been instructed on or prior to the Closing Date to remit Collections in respect thereof to a Collection Account in the United States; provided, however, that with respect to any Receivable the Obligor with respect to which is not remitting to a Collection Account or is remitting to a Collection Account that is not subject to an Account Control Agreement, such Receivable shall not be an Eligible Receivable, unless otherwise consented to by the Administrator; (c) that, subject to the limitations in the definition of “Excess Concentrations”, does not have a stated maturity which is more than one hundred fifty (150) days after the invoice date of such Receivable; (d) that arises under a duly authorized Contract for the sale and delivery of goods and services in the ordinary course of an Originator’s business; (e) that arises under a duly authorized Contract that is in full force and effect and that is a legal, valid and binding obligation of the related Obligor, enforceable against such Obligor in accordance with its terms; (f) that conforms in all material respects with all applicable laws, rulings and regulations in effect; (g) that is not the subject of any asserted dispute, offset, hold back, defense, Adverse Claim or other claim (other than Permitted Liens arising after the date it became a Pool Receivable), but any such Pool Receivable shall be ineligible only to the extent of the amount of such asserted dispute, offset, hold back, defense, Adverse Claim or other claim (the “Inel...

Examples of Dollar LC Participation Amount in a sentence

• Subsequent to this issuance, the Aggregate LC Participation Amount will be $ and the Aggregate Capital will be $ .] 2 [After giving effect to such issuance, (i) the U.S. Dollar LC Participation Amount will be $[ ] and (ii) the Australian Dollar Participation Amount will be AUD [ ]].

• After giving effect to such issuance, (i) the Dollar LC Participation Amount will be $[_______], (ii) the Euro LC Participation Amount will be € [_______], (iii) the Korean Won LC Participation Amount will be KRW [_______], (iv) the Indian Rupee LC Participation Amount will be INR [_______] and (v) the Pounds Xxxxxxxx XX Participation Amount will be £ [_______].

• After giving effect to such issuance, (i) the Dollar LC Participation Amount will be $[_______], (ii) the Euro LC Participation Amount will be € [_______], (iii) the Korean Won LC Participation Amount will be KRW [_______] and (iv) the Pounds Xxxxxxxx XX Participation Amount will be £ [_______].