L/C Sublimit definition
L/C Sublimit has the meaning ascribed to it in Annex 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.
L/C Sublimit has the meaning provided in Section 2.01(b).
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.
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.