DSR LC Commitment definition

DSR LC Commitment means the commitment of each DSR LC Issuing Bank to issue and continue to make available one or more DSR Letter of Credit for each Term Loan Tranche and make DSR LC Loans to the Borrower in respect of its DSR Letter of Credit, in an aggregate stated or principal amount at any one time not to exceed the amount, expressed as a Dollar amount, set forth under the heading “DSR LC Commitment” opposite such DSR LC Issuing Bank’s name on Schedule 1.1A, as such amount may be reduced from time to time pursuant to Section 2.10. The aggregate amount of the DSR LC Commitments of all DSR LC Issuing Banks on the Closing Date shall be $12,500,000.
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DSR LC Commitment means with respect to each DSR Issuing Bank, the commitment of each DSR Issuing Bank to issue and continue to make available each DSR Letter of Credit for each Project and make DSR LC Loans to the Borrower in respect of each such DSR Letter of Credit, in an aggregate stated or principal amount at any one time not to exceed the amount, expressed as a Dollar amount, set forth under the heading “DSR LC Commitment” opposite each such DSR Issuing Bank’s name on Schedule 1.1A, as such amount may be reduced from time to time pursuant to Section 2.10 (and, in respect of each Project, as such amount has been allocated to each Project pursuant to Annex 2). The aggregate amount of the DSR LC Commitments of each DSR Issuing Bank on the Signing Date shall be with respect to (i) Mizuho Bank, Ltd. DSR Issuing Bank, $3,100,000 and (ii) G▇▇▇▇▇▇ S▇▇▇▇ Bank USA DSR Issuing Bank, $900,000.
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DSR LC Commitment means the commitment of a DSR LC Lender to make LC Loans to Borrower, up to an aggregate amount, at any one time outstanding, not in excess of such DSR LC Lender’s Proportionate Share (Commitment) of the Total DSR LC Commitment at such time.
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Examples of DSR LC Commitment in a sentence

  • The "Indemnity Share" of each Related Bank at any time shall be a fraction (expressed as a decimal), the numerator of which shall be such Related Bank's Parallel Funding Commitment at such time, and the denominator of which shall be the aggregate of the then current Total Construction Loan Commitment, Total Working Capital/Project LC Commitment and Total DSR LC Commitment.

  • Each of the conditions set forth in Section 3.12 shall be satisfied with respect to each Approved Intermediate Holding Company, each Approved Project Company and each Approved Project as of the Credit Event Date, in each case to the extent the Allocated Portion of the Total DSR LC Commitment for the applicable Approved Project is being used for the DSR Letter of Credit.

  • A Project's Allocated Portion of the Total DSR LC Commitment cannot be used for the issuance of the DSR Letter of Credit unless such Project is an Approved Project at the time of such issuance.

  • The Total DSR LC Commitment shall not be reduced if the effect thereof would be to cause (1) the DSR LC Exposure to exceed the Total DSR LC Commitment or (2) Borrower to fail to satisfy its obligations under Section 4.5 of the Depositary Agreement.

  • To the extent that any DSR LC Commitment was reduced as a result of any issuance of DSR LC Loans, such DSR LC Commitment shall be reinstated as a result of any prepayment of such DSR LC Loans.

  • DSR Letters of Credit issued hereunder shall constitute utilization of the Total DSR LC Commitment and at any time, the DSR LC Exposure at such time shall not exceed the Total DSR LC Commitment.

  • Any reductions to the Stated Amount, Available DSR LC Commitment, Available PPA LC Commitment, Total DSR LC Commitment and/or Total PPA LC Commitment, as applicable, of any Letter of Credit shall be applied ratably to each applicable LC Lender’s applicable LC Commitment with respect to such Letter of Credit.

  • Subject to the terms and conditions hereof, each DSR LC Issuing Bank agrees to make DSR LC Loans to the Borrower in respect of the DSR Letters of Credit issued by it in an aggregate principal amount at any one time outstanding which does not exceed an amount equal to the DSR LC Commitment of such DSR LC Issuing Bank (less the Available Amount with respect to, and any unreimbursed Drawings under, such DSR Letters of Credit issued by such DSR LC Issuing Bank), deemed made in accordance with Section 2.17(e).

  • Such DSR Letter of Credit may be issued solely to satisfy Borrower’s obligation to maintain the DSR Required Balance, it being understood that the Stated Amount of the DSR Letters of Credit shall never exceed the Total DSR LC Commitment.

  • The initial Dollar amount of each Lender’s DSR LC Commitment on the Restatement Date is set forth under the caption “DSR LC Commitments” on Exhibit H.


More Definitions of DSR LC Commitment

DSR LC Commitment means, at any time with respect to each Lender, such Lender’s commitment to make DSR LC Loans and otherwise reimburse the DSR LC Issuers for any draws under a DSR Letter of Credit issued hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.1.6(d) and (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.14.
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DSR LC Commitment means the commitment of each DSR Issuing Bank to issue and continue to make available a DSR Letter of Credit and make DSR LC Loans to the Borrower in respect of its Debt Service Reserve Letter of Credit, in an aggregate stated or principal amount at any one time not to exceed the amount, expressed as a Dollar amount, set forth under the heading “DSR LC Commitment” opposite such DSR Issuing Bank’s name on Schedule 1.1A, as such amount may be reduced from time to time pursuant to Section 2.10. The aggregate amount of the DSR LC Commitments of all DSR Issuing Banks on the Closing Date shall be $17,488,832.59.
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Related to DSR LC Commitment

  • LC Commitment means that portion of the Aggregate Revolving Commitment Amount that may be used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $15,000,000.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • LOC Commitment means the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Lender, the commitment of such Lender to purchase participation interests in the Letters of Credit up to such Lender's LOC Committed Amount as specified in Schedule 2.1(a), as such amount may be reduced from time to time in accordance with the provisions hereof.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.