Revolving Letter of Credit Commitment definition

Revolving Letter of Credit Commitment means $1,500,000,000, as the same may be reduced from time to time pursuant to Section 4.2(c).

Revolving Letter of Credit Commitment means the Revolving Issuer's obligation to issue Revolving Letters of Credit pursuant to Section 2.1.2 and, with respect to each Revolving Loan Lender, such Lender's Revolving Letter of Credit Participation Obligations.

Revolving Letter of Credit Commitment means, as of any date, an amount equal to the aggregate amount of Revolving Credit Commitments as of such date, as the same may be reduced from time to time pursuant to Section 4.2(c).

Examples of Revolving Letter of Credit Commitment in a sentence

• The Specified Revolving Letter of Credit Commitment of each Revolving Letter of Credit Issuer shall terminate on the applicable Revolving L/C Maturity Date.

• With respect to Supplemental Revolving Letters of Credit, the Letter of Credit Fee shall be paid in arrears on the first Business Day of each calendar month of each year and on the Revolving Credit Maturity Date (or the first date on which the Supplemental Revolving Letter of Credit Commitment shall have expired or been terminated and there shall be no outstanding Supplemental Revolving Letters of Credit, if earlier).

• Within the limits of the Revolving Letter of Credit Commitment, and subject to the limits referred to above, EnergySolutions may request the issuance of Revolving Letters of Credit under this Section 2.1(d), repay any Letter of Credit Loans resulting from drawings thereunder pursuant to Section 2.2(f) and request the issuance of additional Revolving Letters of Credit under this Section 2.1(d).

• Any optional or mandatory reduction of the Revolving Loan Commitment Amount pursuant to the terms of this Agreement which reduces the Revolving Loan Commitment Amount below the Revolving Letter of Credit Commitment Amount shall result in an automatic and corresponding reduction of the Revolving Letter of Credit Commitment Amount to an aggregate amount not in excess of the Revolving Loan Commitment Amount, as so reduced.

• The parties hereto hereby acknowledge and agree that on the Amendment No. 9 Closing Date, the Total Revolving Letter of Credit Commitment shall be $45,000,000 and shall only be available for the issuance of Letters of Credit pursuant to, and in accordance with, the terms and provisions of this Credit Agreement.

More Definitions of Revolving Letter of Credit Commitment

Revolving Letter of Credit Commitment means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit pursuant to Section 2.05.

Revolving Letter of Credit Commitment means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit pursuant to Section 2.05 up to the amount set forth on Schedule 2.01 (as amended by the Second Amendment or otherwise in accordance with this Agreement).

Revolving Letter of Credit Commitment means $715,000,000, as the same may be reduced from time to time pursuant to Section 4.2(c) .

Revolving Letter of Credit Commitment appearing in Section 1.1 of the Credit Agreement is hereby amended by deleting the text “$500,000,000” appearing therein and inserting the text “$600,000,000” in lieu thereof.

Revolving Letter of Credit Commitment appearing in Section 1.1 of the Credit Agreement is hereby amended by deleting said definition in its entirety and inserting the following new definition in lieu thereof:

Revolving Letter of Credit Commitment means a US Letter of Credit Commitment or a Canadian Letter of Credit Commitment.

Revolving Letter of Credit Commitment means, with respect to the Revolving Issuing Bank, an amount equal to $60,000,000.