Letter of Credit Facility definition
Letter of Credit Facility means, at any time, an amount equal to the lesser of (a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time and (b) $100,000,000, as such amount may be reduced at or prior to such time pursuant to Section 2.05.
Letter of Credit Facility means the facility described in Article III hereof providing for the issuance by the Issuing Bank for the account of the Borrower of Letters of Credit in an aggregate stated amount at any time outstanding not exceeding the Total Letter of Credit Commitment.
Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.
Examples of Letter of Credit Facility in a sentence
Within the limits of the Letter of Credit Facility, and subject to the limits referred to herein, the Company (on its own behalf or on behalf of any other Borrower) may request the issuance of Letters of Credit under this Section, the Borrowers may repay any LC Disbursements resulting from drawings under Letters of Credit pursuant to Section 2.5(f) and the Company (on its own behalf or on behalf of any other Borrower) may request the issuance of additional Letters of Credit under Section 2.5(c).
More Definitions of Letter of Credit Facility
Letter of Credit Facility means the facility established pursuant to Section 2.2 (Letter of Credit Facility).
Letter of Credit Facility means, at any time, an amount equal to the least of (a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time, (b) $15,000,000 and (c) the aggregate amount of the Revolving Credit Commitments, as such amount may be reduced at or prior to such time pursuant to Section 2.05.
Letter of Credit Facility has the meaning specified in Section 2.15(a) hereof.
Letter of Credit Facility means the credit facility described as such in Section 2.
Letter of Credit Facility means, at any time, an amount equal to the lesser of (a) the amount of the Issuing Banks Letter of Credit Commitments at such time and (b) $150,000,000, as such amount may be reduced at or prior to such time pursuant to Section 2.06.
Letter of Credit Facility any facility, in each case with one or more banks or other lenders, institutions or financing providers providing for letters of credit or bank guarantees, in each case including all agreements, instruments and documents executed and delivered pursuant to or in connection with any of the foregoing.
Letter of Credit Facility means the facility made available for the benefit of the Borrower or any Subsidiary of the Borrower under the Loan Agreement in relation to the Letters of Credit.