LC Sublimit definition

LC Sublimit means $500,000,000.
LC Sublimit means $3,000,000.
LC Sublimit means $10,000,000.

Examples of LC Sublimit in a sentence

  • Any termination of the Revolving Credit Commitments below the Aggregate L/C Sublimit then in effect shall reduce the Aggregate L/C Sublimit by a like amount, to be applied ratably to the L/C Sublimit of each L/C Issuer.


More Definitions of LC Sublimit

LC Sublimit means an amount equal to $20,000,000. The LC Sublimit is part of, and not in addition to, the Revolving Commitments.
LC Sublimit means $25,000,000.
LC Sublimit means $100,000,000.
LC Sublimit means $50,000,000.
LC Sublimit. $400,000,000; provided that the aggregate LC Exposure in respect of standby Letters of Credit shall not exceed $250,000,000.
LC Sublimit means the lesser of (x) $10,000,000 and (y) the aggregate amount of Revolving Commitments. The LC Sublimit is part of, and not in addition to, the Revolving Credit Facility. The LC Sublimit with respect to each Revolving Lender that is an Issuing Bank shall be no greater than its pro rata allocation with respect to the aggregate LC Sublimit in accordance with their Applicable Percentage.
LC Sublimit has the meaning assigned to such term in Section 2.06(b).