Letter of Credit Subcommitment definition

Letter of Credit Subcommitment means $10,000,000 or, if less, the aggregate Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.

Letter of Credit Subcommitment means $25,000,000 or, if less, the aggregate Revolving Credit Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.

Letter of Credit Subcommitment means $45,000,000 or, if less, the Aggregate Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof.

Examples of Letter of Credit Subcommitment in a sentence

• DOLLAR GENERAL CORPORATION By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Treasurer SUNTRUST BANK as Administrative Agent, as Issuing Bank, as Swingline Lender, and as a Lender By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Managing Partner Commitment: $40,000,000 Letter of Credit Subcommitment: $75,000,000 Swingline Subcommitment: $10,000,000 BANK OF AMERICA, N.A., as Co-Syndication Agent and as a Lender By: /s/ Xxxxxxx X.

• Xxxxx --------------------------------- Title: Assistant Vice President ------------------------------- Revolving Credit Commitment: $21,500,000 of which $1,290,000 shall be the initial Pro Rata Share of the Letter of Credit Subcommitment Applicable Lending Office: AmSouth Bank 1900 Xxxxx Xxxxxx Xxxxx, XXX-0xx Xxxxx Xxxxxxxxxx.

• If the Total Revolving Credit Commitment Amount is reduced to amount less than the Letter of Credit Subcommitment Amount, the Letter of Credit Subcommitment Amount shall automatically be deemed reduced to an amount equal to the Total Revolving Credit Commitment Amount.

• Whenever the issuance of any Letter of Credit exceeds the Letter of Credit Subcommitment, the Borrower shall immediately take such action as required by Agent to reduce the face amount of outstanding Letters of Credit to an amount equal to or less than the Letter of Credit Subcommitment.

• Whenever the issuance of any Letter of Credit exceeds the Letter of Credit Subcommitment, the Borrower shall immediately take such action as required by Administrative Agent to reduce the face amount of outstanding Letters of Credit to an amount equal to or less than the Letter of Credit Subcommitment.

More Definitions of Letter of Credit Subcommitment

Letter of Credit Subcommitment means the commitment of Administrative Agent on behalf of Lenders to issue Letters of Credit on Borrower's account up to the aggregate face amount of $10,000,000 pursuant to and in accordance with the provisions of Section 2.2 herein.

Letter of Credit Subcommitment means $10,000,000.

Letter of Credit Subcommitment means $2,000,000.

Letter of Credit Subcommitment means $15,000,000 (as the same may be reduced from time to time pursuant to Section 2.11. or Section 2.12.).

Letter of Credit Subcommitment means, with respect to any Issuing Bank, the amount set forth opposite its name in Schedule 2.01.

Letter of Credit Subcommitment means $45,000,000 or, if less, the Aggregate Commitments at the time of determination, as such amount may be reduced at or prior to such time pursuant to the terms hereof. “Letters of Credit” is defined in Section 3.1. “LIBOR Market Index Rate” means, subject to the implementation of a Benchmark Replacement in accordance with Section 2.18.6, for any day, an interest rate per annum for one month Dollar deposits as published by the ICE Benchmark Administration Limited, a United Kingdom company (or a comparable or successor quoting service approved by the Administrative Agent), at approximately 11:00 a.m. (London time) on such day, or if such day is not a Business Day, then the immediately preceding Business Day. If, for any reason, such rate is not so published, then the LIBOR Market Index Rate shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at which Dollar deposits would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m., London time, on such date of determination for delivery on the date in question for a one month term. Notwithstanding the foregoing, (i) in no event shall the LIBOR Market Index Rate (including, without limitation, any Benchmark Replacement with respect thereto) be less than 0% and (ii) unless otherwise specified in any amendment to this Agreement entered into in accordance with Section Error! Reference source not found., in the event that a Benchmark Replacement with respect to the LIBOR Market Index Rate is implemented then all references herein to LIBOR Market Index Rate shall be deemed references to such Benchmark Replacement. 14

Letter of Credit Subcommitment means, with respect to the Letter of Credit Issuer, $20,000,000.