Letter of Credit Amount definition

Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

Letter of Credit Amount means, with respect to any Letter of Credit, the aggregate maximum amount at any time available for drawing under such Letter of Credit.

Letter of Credit Amount means the sum of (a) the aggregate remaining available amount of all issued and outstanding Letters of Credit, and (b) amounts drawn under Letters of Credit for which the Letter of Credit Bank has not been reimbursed with proceeds of a Borrowing or otherwise.

Examples of Letter of Credit Amount in a sentence

• A drawing for an amount greater than the Letter of Credit Amount is allowed, however, payment shall not exceed the Letter of Credit Amount.We engage with you that drafts drawn under and in compliance with the terms and conditions of this Letter of Credit will be duly honored upon presentation, if presented on or before the Expiry Date (or after the Expiry Date as provided below regarding events of Force Majeure), at [Insert bank’s address for drawings].

• The Assignee acknowledges and agrees that the Letter of Credit Amount may have been reduced pursuant to the terms thereof, and that the Assignee is bound by any such reduction.

• Tenant shall cause the Letter of Credit to be continuously maintained in effect (whether through replacement, renewal or extension) in the Letter of Credit Amount through the date (the “Final LC Expiration Date”) that is 60 days after the scheduled expiration date of the Term or any renewal Term.

• Any reduction in the Letter of Credit Amount shall be accomplished by Tenant providing Landlord with a substitute letter of credit in the reduced amount or an amendment to the existing Letter of Credit reflecting the reduced amount.

• L/C Amount Such amount (the “L/C Amount”) as the Applicant shall notify to the [Issuing Bank and the Advising and Negotiating Bank] from time to time as being the BPDB Letter of Credit Amount as defined in and calculated (and recalculated from time to time) in accordance with the provisions of the Contract dated ......................

More Definitions of Letter of Credit Amount

Letter of Credit Amount means, as of any date of determination, the sum of (i) the aggregate amount available to be drawn as of such date under the Letters of Credit, as specified therein, and (ii) if the Issuer L/C Cash Collateral Account has been established and funded pursuant to Clause 4.2(a)(ii) (Establishment of Accounts) of the Issuer Facility Agreement, the Available L/C Cash Collateral Account Amount as of such date.

Letter of Credit Amount means, as of any day, (a) the Letter of Credit Commitment less (b) any amount previously drawn under the Letter of Credit and not reimbursed to the Letter of Credit Banks.

Letter of Credit Amount means, at any relevant time, the maximum amount of the liability of the LC Bank to the Lessor under, and as determined pursuant to, the Letter of Credit at such time (but, for the purpose of the definition of Applicable Security Amount disregarding any Relevant Bank Change of Law Event or Relevant Bank Illegality Event which may affect the liability of the LC Bank to the Lessor under the Letter of Credit at such relevant time);

Letter of Credit Amount shall have the meaning set forth in Section 3.1(c).

Letter of Credit Amount or Letter of Credit Amounts" will mean the Boonx Xxxernate Letter of Credit Amount, the Scottsburg Alternate Letter of Credit Amount and the Port Authority Alternate Letter of Credit Amount, as applicable.

Letter of Credit Amount means, at any time, the aggregate of the Letter of Credit - Principal Component and the Letter of Credit - Interest Component, subject to reduction or reinstatement as provided in the Letter of Credit.

Letter of Credit Amount means the face amount of a Letter of Credit.