LC SUBFACILITY means a subfacility for the issuance of LCs (the LC Exposure in connection with which may never exceed the LC Commitment), as described in and subject to the limitations of Section 2.3.
LC SUBFACILITY means a subfacility of the Revolving Facility for the issuance of LCs, as described in SECTION 2.3, under which the LC Exposure may never (a) collectively exceed $30,000,000 (or, in the case of an LC denominated in a Foreign Currency, the Dollar Equivalent of $30,000,000) and (b) together with Principal Debt may never exceed the Total Commitment.
LC SUBFACILITY means a subfacility for the issuance of LCs (the LC Exposure in connection with which may never exceed $5,000,000), as described in and subject to the limitations of SECTION 2.2. LENDERS means, on any date of determination, the financial institutions named on SCHEDULE 2.1 (as the same may be amended from time to time by Administrative Agent to reflect the assignments made in accordance with SECTION 13.13(C) of this Agreement), and subject to the terms and conditions of this Agreement, and their respective successors and assigns.
More Definitions of LC SUBFACILITY
LC SUBFACILITY means a subfacility of the Revolver Facility for the issuance of LCs as described in and subject to the limitations of Section 2.4, under which the LC Exposure may never (a) collectively exceed the Dollar-Equivalent of $15,000,000 and (b) together with the Revolver Principal Debt may never exceed the Revolver Commitment.
LC SUBFACILITY means a subfacility under the Revolving Credit Tranche for the issuance of LCs, as described in SECTION 2.3.
LC SUBFACILITY has the meaning set forth in Section 2.10(b) hereof.
LC SUBFACILITY means a subfacility of the Commitments for the issuance of LCs, as described in SECTION 2.1(e), under which the LC Exposure (a) may never (without the prior written consent of Administrative Agent, such consent not to be unreasonably withheld) collectively exceed $10,000,000, and (b) together with the unpaid Principal Debt of the Loans may never exceed the Commitments.
LC SUBFACILITY means a subfacility of the Revolving Facility for the issuance of LCs, as described in SECTION 2.4, under which the LC Exposure may never exceed $5,000,000 in the aggregate. For the avoidance of doubt, LCs may only be requested or issued as a Dollar commitment to be funded as a Domestic Borrowing under the Revolving ULTRAK-SECOND AMENDMENT TO CREDIT AGREEMENT 2 Facility and all communications from Borrower in respect of LCs shall be with Administrative Agent.
LC SUBFACILITY means that portion of the Total Revolving Credit Commitment equal to $5,000,000.
LC SUBFACILITY. The Borrower may request that the Bank issue Letters of Credit for the account of the Borrower from time to time prior to the Termination Date, the aggregate principal face amounts of which shall not exceed $5,000,000 at any one time outstanding; provided, however, that no Letter of Credit will be issued by the Bank if, after such issuance, the aggregate principal amount of the outstanding Advances and the aggregate outstanding face amounts of the Letters of Credit would exceed the Borrowing Base. The purpose, form and substance of each Letter of Credit must be acceptable to the Bank. Unless otherwise approved by the Bank in its sole discretion, the initial term of a Letter of Credit shall not exceed 12 months and may be renewable annually thereafter, subject to the Bank's prior cancellation of such Letter of Credit, in its sole discretion, within 30 days prior to the anniversary date of the issuance of such Letter of Credit. At least three days prior to the issuance of a Letter of Credit, the Borrower shall execute and deliver to the Bank an Application and Agreement for Irrevocable Standby