LC Sublimit definition
LC Sublimit means $500,000,000.
LC Sublimit means $10,000,000.
LC Sublimit means $25,000,000.
Examples of LC Sublimit in a sentence
Except as provided above, the amount of any such Revolving Credit Commitment reduction shall not be applied to the LC Sublimit or the Swingline Sublimit unless otherwise specified by the applicable Borrower.
If, after giving effect to any reduction of the Revolving Credit Commitments, the LC Sublimit or the Swingline Sublimit with respect to the applicable Revolving Facility exceeds the amount of Total Revolving Credit Commitments thereunder, such sublimit shall be automatically reduced by the amount of such excess.
On any date of determination, the LC Obligations, whether still contingent or due and payable but unpaid, will constitute usage of the LC Sublimit and, accordingly, the Aggregate Commitment.
More Definitions of LC Sublimit
LC Sublimit has the meaning set forth in Section 2.5(b).
LC Sublimit means $50,000,000.
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 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 means an amount equal to $75,000,000.
LC Sublimit means $100,000,000.
LC Sublimit means $5,000,000.