Unused Letter of Credit Subfacility means an amount equal to $15,000,000 minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus (b) the aggregate unpaid reimbursement obligations with respect to all Letters of Credit.
Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.
Unused Letter of Credit Subfacility means an amount equal to $175,000,000, MINUS the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit, PLUS, without duplication, (b) the aggregate unpaid reimbursement obligations with respect to all Letters of Credit.
Examples of Unused Letter of Credit Subfacility in a sentence
As of the Business Day immediately preceding the requested issuance date of each Letter of Credit, the Agent shall determine the amount of the Unused Letter of Credit Subfacility and the then-current Availability as of such date.
More Definitions of Unused Letter of Credit Subfacility
Unused Letter of Credit Subfacility means an amount equal to the lesser of (i) $10,000,000 minus the Letter of Credit Obligations, and (ii) the undrawn portion of the Revolving Loan Commitment Amount of all Lenders.
Unused Letter of Credit Subfacility means, on any date, an amount equal to $10,000,000 minus the sum of (a) the aggregate undrawn amount of all Letters of Credit outstanding on such date plus, without duplication, (b) the aggregate unpaid reimbursement obligations on such date with respect to all Letters of Credit.
Unused Letter of Credit Subfacility means an amount equal to the lesser of $50,000,000 minus the aggregate maximum undrawn face amount of all outstanding Letters of Credit and the amount of unpaid reimbursement obligations with respect to all Letters of Credit.
Unused Letter of Credit Subfacility means an amount equal to $28,881,285.00 minus the aggregate face amount of all Letters of Credit issued on or after the Closing Date (including without limitation, the Prepetition Letters of Credit rolled up into this Agreement in accordance with Section 1.4).
Unused Letter of Credit Subfacility means, at any time, an amount equal to $2,500,000 minus the Letter of Credit Exposure at such time.
Unused Letter of Credit Subfacility means an amount equal to
Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the Equivalent Amount in Dollars of the sum of