Issuing Bank Commitment means, as to each Issuing Bank, its obligation to issue Letters of Credit pursuant to Section 2.19 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Issuing Bank’s name on Schedule 1.01(d), as such amount may be adjusted from time to time in accordance with this Agreement.
Issuing Bank Commitment means, with respect to an Issuing Bank, the aggregate Stated Amount of Letters of Credit that such Issuing Bank has agreed, in writing, to provide subject to the terms and conditions set forth in this Agreement. As of the Effective Date the amount of the Issuing Bank Commitment of each of Xxxxx Fargo and Bank of America, N.A. is $30,000,000. “L/C Commitment Amount” equals $60,000,000.
Issuing Bank Commitment means, as of the Third Restatement Date, with respect to any Issuing Bank, $100,000,000; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Commitment upon providing five Business Days’ prior written notice thereof to the Administrative Agent and the Borrower Representative; provided further than no Initial Issuing Bank may reduce its Issuing Bank Commitment below $100,000,000 unless either agreed by the other Initial Issuing Banks or the Issuing Bank Commitments of such other Initial Issuing Banks are reduced in an equal amount.
Examples of Issuing Bank Commitment in a sentence
This Agreement, the other Loan Documents and any separate letter agreements with respect to (i) fees payable to the Administrative Agent and (ii) increases or reductions of the Issuing Bank Commitment of any Issuing Bank constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.
More Definitions of Issuing Bank Commitment
Issuing Bank Commitment means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit hereunder. The initial amount of each Issuing Bank’s Letter of Credit Commitment is set forth on Schedule 1.1.3, or if an Issuing Bank has entered into an Assignment and Assumption or a Commitment and Acceptance, the amount set forth for such Issuing Bank as its Letter of Credit Commitment in the Assignment and Assumption or Commitment and Acceptance. Each Issuing Bank’s Issuing Bank Commitment may be decreased or increased from time to time with the written consent of the Company, the Administrative Agent and such Issuing Bank (provided that any increase in the Letter of Credit Commitment with respect to any Issuing Bank, or any decrease in the Letter of Credit Commitment to an amount not less than any Issuing Bank’s Letter of Credit Commitment as of the Restatement Effective Date, shall only require the consent of the Borrower and such Issuing Bank).
Issuing Bank Commitment means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit in the aggregate amount and of the type set forth on Schedule 1.1(d), as that schedule may be amended from time to time with the consent of the Borrower and the applicable Issuing Bank; provided that the Issuing Bank Commitment for any Bank selected as an Issuing Bank after the Closing Date shall be the amount agreed to in writing by such Issuing Bank as its Issuing Bank Commitment, as reflected on the amended Schedule 1.1(d).
Issuing Bank Commitment means, at any time for each Issuing Bank, the amount set forth opposite such Issuing Bank's name on Schedule 3 hereto.
Issuing Bank Commitment means, with respect to an Issuing Bank, the aggregate Stated Amount of Letters of Credit that such Issuing Bank has agreed, in writing, to provide subject to the terms and conditions set forth in this Agreement. As of the Second Amendment Effective Date the amount of the Issuing Bank Commitment of each of Xxxxx Fargo and Bank of America, N.A. is $25,000,000.
Issuing Bank Commitment means, as to each Issuing Bank, its obligation to issue Letters of Credit pursuant to Section
Issuing Bank Commitment means, with respect to an Issuing Bank, the aggregate Stated Amount of Letters of Credit that such Issuing Bank has agreed, in writing, to provide subject to the terms and conditions set forth in this Agreement. As of the Second Amendment Date the amount of the Issuing Bank Commitment of each Issuing Bank is $50,000,000.
Issuing Bank Commitment means, with respect to each Issuing Bank, the amount set forth opposite such Issuing Bank’s name on Xxxxxxxx X-0, as such Appendix may be updated from time to time by Borrower and each such Issuing Bank.