Total Letter of Credit Commitment definition

Total Letter of Credit Commitment means an amount not to exceed $5,000,000.
Sample 1Sample 2Sample 3
Total Letter of Credit Commitment means the sum of the Letter of Credit Commitments of all the Letter of Credit Issuers.
Sample 1Sample 2Sample 3
Total Letter of Credit Commitment means, at any time, and subject to the provisions of Section 3.22 of this Agreement, the sum of each Bank’s Letter of Credit Commitment at such time.
Sample 1Sample 2Sample 3

Examples of Total Letter of Credit Commitment in a sentence

  • As part of the Revolving Facility, Borrowers may, subject to the terms and conditions of this Agreement, request Letters of Credit to be issued in an amount not to exceed the Total Letter of Credit Commitment and in the event and to the extent the Issuing Bank issues a Letter of Credit on behalf of a Borrower, the Total Revolving Credit Commitment shall be considered utilized by the amount of such Letter of Credit.

  • Issuing Bank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrower, to issue from time to time Letters of Credit upon delivery to Issuing Bank of an Application and Agreement for Letter of Credit in form and content reasonably acceptable to Issuing Bank; provided, that the Letter of Credit Outstandings shall not exceed the Total Letter of Credit Commitment.

  • The Issuing Bank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrower, to issue from time to time Letters of Credit for the Borrower's general corporate purposes upon delivery to the Issuing Bank of an Application and Agreement for Letter of Credit in form and content acceptable to the Issuing Bank; provided, that the Letter of Credit Outstandings shall not exceed the Total Letter of Credit Commitment.

  • NationsBank agrees, subject to the terms and conditions of this Agreement, upon request and for the account of Borrower, to issue from time to time Letters of Credit upon delivery to NationsBank of an Application and Agreement for Letter of Credit in form and content acceptable to NationsBank; provided, that the Outstanding Letters of Credit shall not exceed the Total Letter of Credit Commitment.

  • For the period beginning on the Closing Date and ending on the Revolving Credit Termination Date, the Borrowers agree to pay to the Agent, for the pro rata benefit of the Lenders based on their Applicable Commitment Percentages, an unused fee equal to .15% per annum multiplied by the sum of (i) the daily amount by which the Total Revolving Credit Commitment exceeds Revolving Credit Outstandings plus (ii) the daily amount by which the Total Letter of Credit Commitment exceeds Letter of Credit Outstandings.


More Definitions of Total Letter of Credit Commitment

Total Letter of Credit Commitment means an amount not to exceed
Sample 1Sample 2Sample 3
Total Letter of Credit Commitment means $5,000,000;
Sample 1Sample 2Sample 3
Total Letter of Credit Commitment has the meaning given in Section 2.3.3 of the Credit Agreement.
Sample 1Sample 2
Total Letter of Credit Commitment means an amount not to exceed $20,000,000."
Sample 1
Total Letter of Credit Commitment means an amount not to exceed Fifteen Million Dollars ($15,000,000).
Sample 1Sample 2
Total Letter of Credit Commitment means an amount not to exceed the Total Revolving Credit Commitment.
Sample 1Sample 2
Total Letter of Credit Commitment means an amount equal to --------------------------------- $100,000,000;
Sample 1