Examples of Letters of Credit Usage in a sentence
The minimum aggregate principal amount of a Borrowing of Revolving Loans consisting of Reserve Adjusted Eurodollar Loans or Base Rate Loans shall be the Minimum Borrowing Amount (other than a Borrowing of Base Rate Loans such that the total amount of Revolving Loans and Letters of Credit Usage to be outstanding after giving effect to such Borrowing shall be equal to the Total Revolving Commitment) and, if greater, shall be in integral multiples of $100,000.
Borrower shall, if applicable, on each Business Day, prepay an aggregate principal amount of the Loans and the Letters of Credit Usage in an amount sufficient to cause (i) the Total Utilization of Revolving Commitments not to exceed the Borrowing Base Amount on such Business Day and (ii) the Total Utilization of Revolving Commitments not to exceed the aggregate Revolving Commitments of the Lenders.
These initiatives have led to highly significant investments in diversifying the tech sector and removing barriers to opportunity for Palestinians on both sides of the Green Line.
The issuance of any Letter of Credit in accordance with the provisions of this Section 1.13 shall be given effect in the calculation of the aggregate principal amount of Revolving Loans outstanding and the Letters of Credit Usage and shall require the satisfaction of each condition set forth in Sections 4.01, 4.02 and 4.03.
If the Commitments are duly terminated and all amounts owing under this Agreement, the Notes and the Letters of Credit become due and payable pursuant to Article 10, each Borrower shall deposit with the Administrative Agent, on the date such obligations become due and payable, an amount in cash equal to its Letters of Credit Usage as of such date and the Letter of Credit fees in accordance with Section 3.1(e).
Such amount shall be deposited in a cash collateral account to be established by the Administrative Agent, for the benefit of the Banks, and shall constitute collateral security for the Letters of Credit Usage and other amounts owing by such Borrower hereunder.
Table 18: Cost-effectiveness of the adaptation measures including cross-sectoral effects for basic and uncertainty analysis (€/m3).
Simultaneously with the reductions of any Tranche's Commitment pursuant to Section 2.06 and this Section 2.08, the Company shall prepay any Loans outstanding in accordance with subsection (g) below and/or Cash Collateralize outstanding Letters of Credit Usage in excess of such reduced Tranche's Commitment.
During the Clean-down Period for each fiscal year of the Borrower, the aggregate unpaid principal amount of outstanding Revolving Loans and Supplemental Revolving Loans, plus outstanding Letters of Credit Usage (which are not cash collateralized in a manner satisfactory to the Administrative Agent) shall not exceed the Clean-down Amount.
The domestic industry had, in the oral hearing stated that the interested parties would come to know about the increase in import volume when the disclosure statement is issued.