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.
Notwithstanding the foregoing, Bank shall not be required to issue any Letter of Credit if, before or after giving effect to the issuance of such Letter of Credit (a) the Letter of Credit Liabilities exceed or would exceed the Letter of Credit Facility Amount or (b) an Event of Default or an Unmatured Event of Default exists or would result therefrom.
Also at the convention representatives of world governments and other donors have pledged to contribute US$1.2 billion total to the GPEI for polio eradication efforts.