Examples of Letter of Credit Facility Amount in a sentence
KCMH shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the Commitments; provided, that (i) each partial reduction shall be in a minimum aggregate amount of $5,000,000 and (ii) after giving effect to such termination or reduction, (A) the Total Credit Exposure does not exceed the Aggregate Facility Amount and (B) the L/C Exposure does not exceed the Letter of Credit Facility Amount.
No Swingline Letter of Credit may be issued on any day for an amount which, when aggregated with all other Swingline Letters of Credit outstanding or to be issued on such day, would exceed the Swingline Letter of Credit Facility Amount.
Facility Amount and (B) the L/C Exposure does not exceed the Letter of Credit Facility Amount.
No Swingline Letter of Credit may be issued on any day for an amount, the Sterling Amount of which, when aggregated with the Sterling Amount of all other Swingline Letters of Credit outstanding or to be issued on such day, would exceed the Swingline Letter of Credit Facility Amount.
The aggregate amount of all such Letter of Credit Obligations shall not at any time exceed the lesser of (a) the Letter of Credit Facility Amount, or (b) the Borrowing Base less the aggregate then outstanding principal balance of the Revolving Credit Loans.