Common use of L/C Commitment Clause in Contracts

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan Availability.

Appears in 2 contracts

Samples: Loan and Security Agreement (Material Sciences Corp), Credit Agreement (Fresh Brands Inc)

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L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 20,000,000 and (b) the Revolving Outstandings shall not at any time exceed the Aggregate Revolving Loan AvailabilityCommitment (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Ennis, Inc.)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a "Letter of Credit"), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 15,000,000.00 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan AvailabilityAvailability (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a "Letter of Credit"), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 2,500,000 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan AvailabilityAvailability (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Meadowbrook Insurance Group Inc)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 5,000,000.00 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan AvailabilityAvailability (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (General Finance CORP)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a "Letter of Credit"), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 15,000,000 and (b) the Revolving Outstandings shall not at any time exceed the Aggregate Revolving Loan AvailabilityCommitment (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Ennis, Inc.)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a "Letter of Credit"), at the request of and for the account of the applicable Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 1,000,000 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan Availability.

Appears in 1 contract

Samples: Credit Agreement (Akorn Inc)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a "Letter of Credit"), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 20,000,000 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan Availability.

Appears in 1 contract

Samples: Credit Agreement (Titan International Inc)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 10,000,000.00 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan Availability.

Appears in 1 contract

Samples: Credit Agreement (Centene Corp)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 20,000,000.00, and (b) the Revolving Outstandings shall not at any time exceed the Revolving Loan AvailabilityAvailability (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Huron Consulting Group Inc.)

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L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 3,500,000 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan AvailabilityAvailability (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Meadowbrook Insurance Group Inc)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan AvailabilityAvailability (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (KapStone Paper & Packaging CORP)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 100,000,000 and (b) the Revolving Outstandings shall not at any time exceed the Revolving Loan AvailabilityCommitment (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Westinghouse Air Brake Technologies Corp)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 20,000,000 and (b) the Revolving Outstandings shall not at any time exceed the Revolving Loan AvailabilityCommitment (less the amount of any Swing Line Loans outstanding at such time).

Appears in 1 contract

Samples: Credit Agreement (Aar Corp)

L/C Commitment. Subject to Section 2.3.1, the each Issuing Lender agrees to issue letters of credit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the applicable Issuing Lender (each, each a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 and 100,000,000, (b) the Revolving Outstandings shall not at any time exceed Revolving Loan Availability.,

Appears in 1 contract

Samples: Assignment Agreement (Centene Corp)

L/C Commitment. Subject to Section 2.3.1, the Issuing Lender agrees to issue letters Letters of creditCredit, in each case containing such terms and conditions as are permitted by this Agreement and are reasonably satisfactory to the Issuing Lender (each, a “Letter of Credit”), at the request of and for the account of the Company from time to time before the scheduled Termination Date and, as more fully set forth in Section 2.3.2, each Lender agrees to purchase a participation in each such Letter of Credit; provided that (a) the aggregate Stated Amount of all Letters of Credit shall not at any time exceed $10,000,000 5,000,000 and (b) the Revolving Outstandings shall not at any time exceed Revolving Loan AvailabilityCommitment.

Appears in 1 contract

Samples: Credit Agreement (Epiq Systems Inc)

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