L/C Sublimit definition
L/C Sublimit has the meaning ascribed to it in Annex B.
L/C Sublimit has the meaning provided in Section 2.01(b).
L/C Sublimit means an amount equal to the lesser of (a) $50.0 million and (b) the aggregate amount of the Revolving Commitments. The L/C Sublimit is part of, and not in addition to, the Revolving Facility.
Examples of L/C Sublimit in a sentence
Any termination of the Revolving Credit Commitments below the L/C Sublimit then in effect shall reduce the L/C Sublimit by a like amount.
In the event of any increase in the Revolving Credit Commitments pursuant to this Section 2.2(b), the L/C Sublimit and the Swing Line Sublimit shall increase automatically pro rata on a percentage basis (i.e. any percentage increase in the aggregate amount of the Revolving Credit Commitments pursuant to this Section shall result in an equal percentage increase the Swing Line Sublimit and the L/C Sublimit).
More Definitions of L/C Sublimit
L/C Sublimit means an amount equal to Twenty-Five Million Dollars ($25,000,000). The L/C Sublimit is part of, and not in addition to, the Aggregate Commitments.
L/C Sublimit means $20,000,000, as reduced pursuant to the terms hereof.
L/C Sublimit means $10,000,000, as reduced pursuant to the terms hereof.
L/C Sublimit means the lesser of (a) $20,000,000 and (b) the Revolving Credit Commitment. The L/C Sublimit is a part of, and not in addition to, the Revolving Credit Commitment.
L/C Sublimit means $5,000,000, as reduced pursuant to the terms hereof.
L/C Sublimit means $50,000,000.
L/C Sublimit means up to $30,000,000 in aggregate amount of Letters of Credit that may be issued under the Revolving Credit Facility.