Examples of Term Letter of Credit Commitment in a sentence
Figure 13-2 Dollars per ARR MW paid to ARR holders: Planning periods 10/11 through 16/17 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017 $2,000 $1,800 $1,600 $1,400 $/ARR MW $1,200 $1,000 $800 $600 $400 $200 $0 Excess Auction Revenue Figure 13-3 shows the monthly excess auction revenue from the 11/12 through 15/16 planning periods.
Upon any prepayment of Term C Loans, the Term Letter of Credit Commitment shall be reduced by an amount equal to such prepayment as provided in Section 4.3(b) and the Borrower shall be permitted to withdraw an amount up to the amount of such prepayment from the Term C Loan Collateral Account to complete such prepayment as, and to the extent, provided in Section 4.3(b).
In addition, the Collateral Agent hereby agrees to instruct (or to instruct the Collateral Trustee to instruct) the Depositary Bank to release and pay to the Borrower amounts (if any) remaining on deposit in the Term C Loan Collateral Accounts after the termination or cancellation of all Term Letters of Credit, the termination of the Term Letter of Credit Commitment and the repayment in full of all outstanding Term C Loans and Term L/C Obligations.
The Credit Parties shall not (i) voluntarily prepay the principal of the Term Loan B Obligations or reduce the Term Letter of Credit Commitment (each as defined in the Term Credit Agreement dated as of the date hereof) unless on a pro forma basis after giving effect to such prepayment the Credit Parties shall have Availability in excess of twenty million Dollars ($20,000,000); or (ii) voluntarily prepay the principal of the Senior Notes (except pursuant to a Permitted Refinancing).
All provisions of Annex A shall apply to the Term Letter of Credit Commitment, the Term Letters of Credit issued thereunder and the Term Letter of Credit Obligations.
Any such notice of reduction shall be accompanied by the payment of all fees (including the Commitment Fee due on the Term Letter of Credit Commitment being reduced) accrued through the date of such cancellation or reduction under this Agreement plus the amount of the Applicable Reduction Fee.
Upon any prepayment of Term C Loans, the Term Letter of Credit Commitment shall be reduced by an amount equal to such prepayment as provided in Section 4.3(d) and the Borrower shall be permitted to withdraw an amount up to the amount of such prepayment from the Term C Loan Collateral Accounts to complete such repayment as, and to the extent, provided in Section 4.3(d).
Each Lender agrees to incur, or purchase participations for, its Pro Rata Share of the Term Letter of Credit Obligations in respect of the Borrowers up to the principal amount set forth opposite each Lender’s name on Schedule 2.01(a) hereto, provided that the aggregate amount of all Term Letters of Credit shall not exceed the Term Letter of Credit Commitment.
Depending on the outcome of interconnection studies for higher queued projects, the telecommunication upgrades identified for QC5 Phase I may be reduced.
This Seventh Amendment constitutes the notice of termination of the Term Letter of Credit Commitment in its entirety required by Section 4.2(d) of the Credit Agreement and the date of such termination shall be the Seventh Amendment Effective Date (and all related advance notice requirements related thereto are hereby waived).