Offshore Sublimit definition

Offshore Sublimit means, at any time, (i) as to ACI, the lesser of (a) $300,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (ii) as to O-I Canada, the lesser of (a) $20,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iii) as to OIEG, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iv) as to OI Europe, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect and (v) as to an Additional Foreign Subsidiary Borrower, the Additional Foreign Subsidiary Borrower Sublimit designated pursuant to Section 12.1(c)(ii) (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect; provided that such Offshore Sublimits may be from time to time decreased pursuant to Section 4.1 and increased pursuant to Section 2.9.
Sample 1Sample 2Sample 3
Offshore Sublimit means, at any time, (i) as to the UK Offshore Borrowers, collectively, the lesser of (a) $300,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the Australian Offshore Borrowers, collectively, the lesser of (a) $1,100,000,000 and (b) the Revolving Loan Commitments then in effect, and (iii) as to the Italian Offshore Borrowers, collectively, the lesser of (a) $10,000,000 and (b) the Revolving Loan Commitments then in effect; PROVIDED that such Offshore Sublimits may be decreased from time to time pursuant to subsection 2.4F.
Sample 1Sample 2
Offshore Sublimit means, at any time, (i) as to United Glass, collectively, the lesser of (a) $20,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the Australian Offshore Borrowers, collectively, the lesser of (a) $440,000,000 and (b) the Revolving Loan Commitments then in effect, (iii) as to O-I Canada, the lesser of (a) $10,000,000 and (b) the Revolving Loan Commitments then in effect and (iv) as to Avir, the lesser of (a) $63,000,000 and (b) the Revolving Loan Commitments then in effect; provided that such Offshore Sublimits may be decreased from time to time pursuant to subsection 2.4G.
Sample 1

Examples of Offshore Sublimit in a sentence

  • O-I Canada shall make prepayments of the Canadian Revolving Loans to the extent necessary so that the Total Utilization of Canadian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for O-I Canada.

  • The Australian Offshore Borrowers shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for the Australian Offshore Borrowers.

  • United Glass shall make prepayments of the UK Revolving Loans to the extent necessary so that the Total Utilization of UK Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for United Glass.

  • Avir shall make prepayments of the Italian Revolving Loans to the extent necessary so that the Total Utilization of Italian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for Avir.

  • OIEG shall make prepayments of the Dutch Revolving Loans to the extent necessary so that the Total Utilization of Dutch Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for OIEG.

  • All courses are given the credit value listed in the description.

  • This requires that the unobserved components e1S and e2S have independent standard normal distributions.

  • OI Europe shall make prepayments of the Swiss Revolving Loans to the extent necessary so that the Total Utilization of Swiss Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for OI Europe.

  • Offshore Borrower shall from time to time prepay the Offshore Revolving Loans to the extent necessary so that the Total Utilization of Offshore Revolving Loan Commitments shall not at any time exceed the Offshore Sublimit.


More Definitions of Offshore Sublimit

Offshore Sublimit means, as of any date of determination, the lesser of (i) the Offshore Revolver Dollar Sublimit Amount then in effect, (ii) the Dollar Equivalent of the Offshore Revolving Loan Commitments then in effect, and (iii) the Revolving Loan Commitments then in effect.
Sample 1
Offshore Sublimit means, at any time, (i) as to United Glass, collectively, the lesser of (a) $20,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the
Sample 1
Offshore Sublimit means, at any time, (i) as to United Glass, collectively, the lesser of (a) $20,000,000 and (b) the Revolving Loan Commitments then in effect, (ii) as to the Australian Offshore Borrowers, collectively, the lesser of (a) $440,000,000 and (b) the Revolving Loan Commitments then in effect, (iii) as to O-I Canada, the lesser of (a) $10,000,000 and (b) the Revolving Loan Commitments then in effect and (iv) as to Avir, the lesser of (a) (i) prior to the BSN Acquisition Closing Date, $10,000,000 and (ii) thereafter, $63,000,000 and (b) the Revolving Loan Commitments then in effect; provided that such Offshore Sublimits may be decreased from time to time pursuant to subsection 2.4G.
Sample 1
Offshore Sublimit means an amount equal to the lesser of the Aggregate Commitments and $100,000,000. The Offshore Sublimit is part of, and not in addition to, the Aggregate Commitments.
Sample 1
Offshore Sublimit means, at any time, (i) as to O-I Australia, the lesser of (a) $300,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (ii) as to O-I Canada, the lesser of (a) $20,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iii) as to OIEG, the lesser of (a) $600,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (iv) as to OI Europe, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Multicurrency Revolving Commitments then in effect, (v) as to O-I Mexico, the lesser of (a) $100,000,000 (or the Offshore Currency Equivalent thereof) and
Sample 1
Offshore Sublimit means, at any time, (i) as to ACI, the lesser of (a) $300,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect, (ii) as to O-I Canada, the lesser of (a) $20,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect, (iii) as to OIEG, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect and (iv) as to O-I Europe, the lesser of (a) $425,000,000 (or the Offshore Currency Equivalent thereof) and (b) the Revolving Loan Commitments then in effect; provided that such Offshore Sublimits may be from time to time decreased pursuant to subsection 2.4G and increased pursuant to subsection 2.1A(vi).
Sample 1

Related to Offshore Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • Swingline Sublimit means an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $50,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • LC Sublimit means $500,000,000.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Foreign Currency Sublimit means $75,000,000.

  • Inventory Sublimit means the amount(s) set forth in Section 1(d) of Schedule A.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $25,000,000, in the case of Chase and (ii) such amount as shall be designated to the Administrative Agent and the Borrower Representative in writing by an Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrowers.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Aggregate Credit Exposures means, at any time, the sum of (a) the unused portion of each Revolving Credit Commitment then in effect, (b) the unused portion of each Term Commitment then in effect and (c) the Total Outstandings at such time.

  • Total Revolving Outstandings means the aggregate Outstanding Amount of all Revolving Loans, all Swing Line Loans and all L/C Obligations.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

  • Revolving Outstandings means, at any time, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount of all Letters of Credit.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Swing Line Commitment means, as to the Swing Line Lender, the commitment of the Swing Line Lender to make Swing Line Advances as set forth on Annex J to the Agreement, which commitment constitutes a subfacility of the Revolving Loan Commitment of the Swing Line Lender.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).