Amount of Letters of Credit Sample Clauses

Amount of Letters of Credit. Each Letter of Credit shall be in an amount of $1,000,000 or more.
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Amount of Letters of Credit. For all purposes of this Agreement, the amount of a Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at the time of determination.
Amount of Letters of Credit. At no time shall the aggregate amount of all of the issued and outstanding Letters of Credit exceed Ten Million and 00/100 Dollars ($10,000,000.00), nor shall the sum of all Letters of Credit outstanding and all Loans outstanding exceed the Revolving Credit Commitment.
Amount of Letters of Credit. At no time shall the aggregate amount of all of the issued and outstanding Letters of Credit exceed the amount of Term Loan B.
Amount of Letters of Credit. Subject as provided in this Clause 9, within 10 London and New York business days of the occurrence of a Rating Loss Date the Purchaser's Guarantor will supply a Letter of Credit in the amount of Interim Annual C (or if Annual C or Provisional Annual C shall have been previously calculated or determined for that relevant period, that amount), in each case less any Supplemental Security.
Amount of Letters of Credit. At no time shall the aggregate amount of all of the issued and outstanding Letters of Credit exceed the Maximum Revolving Commitment.

Related to Amount of Letters of Credit

  • New Letters of Credit So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • New Swingline Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Treatment of Outstanding Loans and Letters of Credit 25 2.6 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative Agent; Repayment of Revolving Credit Loans; Repayment of Swing Loans 26

  • Extended Letters of Credit Each Revolving Lender confirms that its obligations under the immediately preceding subsections (i) and (j) shall be reinstated in full and apply if the delivery of any Cash Collateral in respect of an Extended Letter of Credit is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise.

  • New Swing Line Loans/Letters of Credit Notwithstanding anything in this Agreement to the contrary, so long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

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