LC Percentage as of any date of determination, with respect to any Issuing Bank, such Issuing Bank’s share, expressed as a percentage, of the LC Sublimit, as the same may be adjusted from time to time, as a result of an agreement by such Issuing Bank, with the Revolver Borrowers’ consent, to assume the obligations of another such Issuing Bank with respect to any or all of the Letters of Credit issued by such other Issuing Bank or as a result of the addition of a new Issuing Bank, with the Revolver Borrowers’ consent, in accordance with the terms hereof.
LC Percentage means the percentage of the notional amount of all standby letters of credit outstanding on behalf of a member or Former Member, which is used to calculate the activity stock requirement. As described in this Capital Plan, the Board of Directors may adjust this percentage.
LC Percentage means, on any date of determination, the ratio (expressed as a percentage) of (a) the sum of (i) the Aggregate Face Amount Outstanding, plus (ii) any outstanding Reimbursement Obligations, to (b) the Purchase Limit.
More Definitions of LC Percentage
LC Percentage means, with respect to any Issuing Bank, 33.3% (as to an Issuing Bank, as such percentage may be modified from time to time with the written consent of Time Warner and such Issuing Bank).
LC Percentage as of any date of determination, (a) with respect to any Issuing Bank (other than an Issuing Bank that is an Issuing Bank solely with respect to an Existing Letter of Credit) under the US Revolving Credit Facility, such Issuing Bank’s share, expressed as a percentage, of the US Revolving Credit Facility, as the same may be adjusted from time to time, as a result of an agreement by such Issuing Bank, with the US Borrower’s consent, to assume the obligations of another such Issuing Bank with respect to any or all of the US Tranche Letters of Credit issued by such other Issuing Bank or as a result of the addition of a new Issuing Banks, with the US Borrower’s consent, in accordance with the terms hereof and (b) with respect to any Issuing Bank (other than an Issuing Bank that is an Issuing Bank solely with respect to an Existing Letter of Credit) under the Canadian Revolving Credit Facility, such Issuing Bank’s share, expressed as a percentage, of the Canadian Revolving Credit Facility, as the same may be adjusted from time to time, as a result of an agreement by such Issuing Bank, with the Canadian Borrower’s consent, to assume the obligations of another such Issuing Bank with respect to any or all of the Canadian Tranche Letters of Credit issued by such other Issuing Bank or as a result of the addition of a new Issuing Banks, with the Canadian Borrower’s consent, in accordance with the terms hereof.
LC Percentage means with respect to the Carlisle LC, the Eurocurrency Differential minus 0.25%, and with xxxxxxx xx xll other Letters of Credit, the Eurocurrency Differential.
LC Percentage shall have the meaning given to such term in Section 2.02 hereof.
LC Percentage means, for each Bank, that percentage set forth opposite such Bank's name on Schedule I attached hereto (as Schedule I may be amended from time to time to reflect adjustments thereto pursuant to Section 11.05 hereof) and (ii) "LC Commitment" shall mean, for each Bank, at any time, an amount equal to such Bank's LC Percentage at such time multiplied by the Stated Amount of the Letter of Credit at such time.
LC Percentage means, relative to any Lender, the applicable percentage relating to Letters of Credit set forth opposite its name on Schedule II hereto under the Letter of Credit Commitment column or set forth in an Assignment Agreement under the Letter of Credit Commitment column, as such percentage may be adjusted from time to time pursuant to Assignment Agreements executed by such Lender and its Assignee Lender and delivered pursuant to Section 10.11.
LC Percentage means as to any Issuing Bank, such Issuing Bank’s share, expressed as a percentage, of the Letter of Credit Facility as the same may be adjusted from time to time, as a result of an agreement by such Issuing Bank, with the Company’s consent, to assume the obligations of another Issuing Bank with respect to any or all Letters of Credit issued by such other Issuing Bank or as a result of the addition of a new Issuing Bank, with the Company’s consent, in accordance with the terms hereof. On the Effective Date, the L/C Percentage of each Issuing Bank is 25%.