Fronting Limit definition
Fronting Limit means, at any time, with respect to any Issuing Bank, the amount set forth opposite the name of such Issuing Bank in the column entitled “Fronting Limit” on Schedule II (Issuing Bank Limits), or, in the case of any Working Capital Lender that becomes an Issuing Bank hereunder pursuant to Section 3.05 (Resignation as an Issuing Bank) or otherwise, such amount as set forth in the agreement evidencing the appointment of such Working Capital Lender as an Issuing Bank.
Fronting Limit means, with respect to each Fronting Lender, the maximum Outstanding Principal of Letters of Credit for which such Lender is obligated to be the Fronting Lender hereunder, which limit is set forth opposite the name of such Fronting Lender on Schedule A annexed hereto, as amended from time to time with the written consent of the applicable Fronting Lender.
Fronting Limit means, with respect to the Fronting Lender, the maximum Outstanding Principal of Letters of Credit for which such Lender is obligated to be the Fronting Lender hereunder, which limit is set out in Schedule "A" hereto, as such Schedule may hereafter be amended from time to time.
Examples of Fronting Limit in a sentence
For the avoidance of doubt, subject to compliance with the foregoing requirements and Sections 3.01(a) and 3.01(f) (Letters of Credit), the Borrower may request Fronted Letters of Credit from an Issuing Bank with a Fronting Limit up to the Issuing Bank’s full Fronting Limit.
More Definitions of Fronting Limit
Fronting Limit means, at any time, with respect to any Issuing Bank, the amount set forth opposite the name of such Issuing Bank in the column entitled “Fronting Limit” on Schedule II, or, in the case of any Lender that becomes an Issuing Bank hereunder pursuant toSection 2.2(m) (Resignation as Issuing Bank) or otherwise, such amount as set forth in the agreement evidencing the appointment of such Lender as an Issuing Bank
Fronting Limit means, with respect to (i) Bank of America, as Issuing Lender, $125,000,000, (ii) Citibank, N.A., as Issuing Lender, $125,000,000, (iii) Deutsche Bank AG New York Branch, as Issuing Lender, $125,000,000, (iv) HSBC Bank USA, N.A., as Issuing Lender, $125,000,000 and (v) with respect to any other Issuing Lenders, such amount as mutually agreed between such Issuing Lender and the Company, in each case as such amount may be modified from time to time by mutual agreement of the Company and such Issuing Lender.
Fronting Limit means, with respect to (i) Bank of America, as Issuing Lender, $125,000,000, (ii) Citibank, N.A., as Issuing Lender, $125,000,000, (iii) HSBC Bank USA, N.A., as Issuing Lender, $125,000,000 and (iv) with respect to any other Issuing Lenders, such amount as mutually agreed between such Issuing Lender and the Company, in each case as such amount may be modified from time to time by mutual agreement of the Company and such Issuing Lender.