RC Sublimit definition

RC Sublimit means $600,000,000, as such amount may be reduced from time to time pursuant to Section 2.11.
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RC Sublimit means $100,000,000, as such amount may be reduced from time to time pursuant to Section 2.08.
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RC Sublimit means $900,000,000, as such amount shall be ratably reduced by the amount of any reduction of the Aggregate Maximum Loan Amount pursuant to Section 2.11.
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Examples of RC Sublimit in a sentence

  • Subject to the proviso in the immediately preceding sentence, any termination or reduction of the Commitment or the RC Sublimit shall be permanent.

  • The Account Parties may at any time terminate, or from time to time reduce, the Commitments and/or the RC Sublimit; PROVIDED that (i) each reduction of the Commitments or the RC Sublimit shall be in an amount that is $25,000,000 or a larger multiple of $5,000,000 and (ii) the Account Parties shall not terminate or reduce the Commitments or the RC Sublimit if the Aggregate Credit Exposure would exceed the Commitments or the outstanding Loans would exceed the RC Sublimit, as the case may be.

  • Subject to the proviso in the immediately preceding sentence, any termination or reduction of the Commitments or the RC Sublimit shall be permanent.

  • Each reduction of the Commitments or the RC Sublimit shall be made ratably among the Lenders in accordance with their respective Commitments.

  • Loans shall constitute utilization of both the RC Sublimit and the Commitments.

  • Subject to the terms and conditions set forth herein, the Lender agrees to make Loans to an Account Party from time to time during the Availability Period in an aggregate principal amount that will not result in (i) the Lender's outstanding Loans exceeding the RC Sublimit and (ii) the Credit Exposure exceeding the aggregate amount of the Commitment.

  • The Account Parties may at any time terminate, or from time to time reduce, the Commitment and/or RC Sublimit; provided that (i) each reduction of the Commitment or RC Sublimit shall be in an amount that is $25,000,000 or a larger multiple of $5,000,000 and (ii) the Account Parties shall not terminate or reduce the Commitment or RC Sublimit if the Credit Exposure would exceed the Commitment or the outstanding Loans would exceed the RC Sublimit, as the case may be.

  • The NAM is also concerned that no progress has been achieved towards the realization of the Millennium Declaration in which Heads of State and Government resolved to strive for the elimination of weapons of mass destruction, in particular, nuclear weapons, and to keep all options open for achieving this aim, including the possibility of convening an international conference to identify ways and means of eliminating nuclear dangers.

  • The Account Parties may at any time terminate, or from time to time reduce, the Commitment and/or RC Sublimit; PROVIDED that (i) each reduction of the Commitment or RC Sublimit shall be in an amount that is $25,000,000 or a larger multiple of $5,000,000 and (ii) the Account Parties shall not terminate or reduce the Commitment or RC Sublimit if the Credit Exposure would exceed the Commitment or the outstanding Loans would exceed the RC Sublimit, as the case may be.

  • Any termination or reduction of the Commitments or the RC Sublimit shall be permanent.


More Definitions of RC Sublimit

RC Sublimit has the meaning assigned to such term in Section 2.07(a). The initial RC Sublimit is $500,000,000.
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Related to RC 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.

  • LC Sublimit means $500,000,000.

  • 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.

  • 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.

  • 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.

  • 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.

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

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

  • 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.

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

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

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Maximum line current means the root-mean-square current in the supply line of an x-ray machine operating at its maximum rating.

  • 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.

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $300,000,000.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

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

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

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

  • 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.

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

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

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

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