LC Limit means $50,000,000. References to the unused portion of the LC Limit shall mean, at any time of determination, an amount equal to (x) the LC Limit at such time, minus (y) the LC Participation Amount.
LC Limit. $35,000,000. References to the unused portion of the LC Limit shall mean, at any time of determination, an amount equal to (x) the LC Limit at such time, minus (y) the LC Participation Amount.
LC Limit means, with respect to each LC Bank, the amount set forth as such LC Bank’s LC Limit in Schedule A hereto.
Examples of LC Limit in a sentence
The work shall be strictly carried out as described in the NIT document.
In connection with any partial reduction in the Facility Limit, the Commitment of each Lender and LC Participant, as well as the LC Limit, shall be ratably reduced.
Margin Money Deposit 9.1 Margin Money Deposits given as under:Margin Money Deposits with a carrying amount of Rs. 220414/- (31 March 2019 : Rs. 2,20,414/-) are subject to first charge to secure the company's LC Limit.
Due to non- availability of Non-Fund Based Limit i.e. LC Limit TANGEDCO has not opened LC in favour of around 800 Renewable Energy Power Generators to the tune of Rs.350 Crores.
Authorities upto SMG-IV can allow adhoc in an account upto a maximum of 25% of the fund based working capital limits (excluding DA LC Limit), subject to the maximum of their DLP for allowing adhoc whichever is lower.
More Definitions of LC Limit
LC Limit means $75,000,000; provided, that such amount may be increased to an amount up to the Facility Limit upon the written consent of the Administrative Agent, each LC Bank and each Group Agent (each in its sole discretion) following any request therefor by the Servicer not less than five (5) Business Days prior to the proposed increase date. References to the unused portion of the LC Limit shall mean, at any time of determination, an amount equal to (x) the LC Limit at such time, minus (y) the LC Participation Amount.
LC Limit means £100,000,000 (or its equivalent in Optional Currencies);
LC Limit means $250,000,000.
LC Limit means, with respect to any Issuing Bank at any time, an amount equal to the quotient of $50,000,000 divided by the total number of Issuing Banks at such time.
LC Limit means, with respect to any Issuing Bank at any time, an amount equal to fifty percent (50%) of its Commitment (or the Commitment of the Lender that is the Affiliate of such Issuing Bank) at such time, or such higher or lower amount as may be agreed by such Issuing Bank at the request of the Borrower. Such Issuing Bank shall notify the Administrative Agent of any such change in such Issuing Bank’s L/C Limit.
LC Limit means (a) at all times prior to the Redemption Date, the amount equal to: (i) $10,000,000 minus (ii) the aggregate amount of the indebtedness of Borrower and its Subsidiaries outstanding at such time in respect of surety bonds, reimbursement obligations in respect of standby letters of credit which are issued for purposes similar to those for which surety bonds are issued and appeal bonds required in the ordinary course of business or in connection with the enforcement of rights or claims of Borrower or any Subsidiary of Borrower (but not including any such reimbursement obligations arising in connection with the Letter of Credit Accommodations) and (b) at all times on and after the Redemption Date, the amount equal to $10,000,000.
LC Limit with respect to each Lender on any date, that portion of the Total LC Limit that such Lender has agreed, on an uncommitted and fully discretionary basis, to consider making available for participations in Letters of Credit hereunder in an aggregate amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 1.1 under the caption “LC Limit” or, as the case may be, in the Assignment and Acceptance pursuant to which such Lender becomes a party hereto, as such amount may be changed from time to time in accordance with the terms of this Agreement. The LC Limit of any Declining Lender shall be deemed to be zero from and after the date such Lender becomes a Declining Lender. “LCT Election”: as defined in Section 1.6(a). “LCT Test Date”: as defined in Section 1.6(a). “Lenders”: the Persons listed on Schedule 1.1 and any other Person that shall have become a party hereto pursuant to an Assignment and Acceptance, other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment and Acceptance; provided, however, that Section 9.5 shall continue to apply to each such Person that ceases to be a party hereto pursuant to an Assignment and Acceptance as if such Person is a “Lender”. “Lender Notice Date”: as defined in Section 2.4(b). “Letter of Credit”: any Existing LC or other letter of credit issued pursuant to this Agreement. “Letter of Credit Participant”: with respect to any Letter of Credit, all of the Lenders other than (a) any Declining Lenders with respect thereto and (b) the Issuing Bank with respect thereto.