LC SUBFACILITY means a subfacility of the Facility for the issuance of LCs as described in and subject to the limitations of Section 2.2, under which the LC Exposure may never (a) collectively exceed $50,000,000 and (b) together with the Principal Debt may never exceed the Commitment.
LC SUBFACILITY means a subfacility for the issuance of LCs (the LC Exposure in connection with which may never exceed the LC Commitment), as described in and subject to the limitations of Section 2.3.
LC SUBFACILITY means a subfacility of the Revolver Facility for the issuance of LCs as described in and subject to the limitations of Section 2.5, under which the LC Exposure (a) may never collectively exceed $50,000,000 and (b) together with the Revolver Principal Debt may never exceed the Revolver Commitment.
Examples of LC SUBFACILITY in a sentence
L/C Subfacility means a subfacility under the Agreement for the issuance of L/Cs, as described in Section 2.3, under which the L/C Exposure may never exceed the L/C Sublimit.
The Commission will grant your application only if it finds that doing so will serve the public interest, convenience and necessity.”).
The L/C Subfacility has a separate, distinct, and identifiable set of lenders and is a separate, distinct and identifiable fund, in a segregated account.
More Definitions of LC SUBFACILITY
LC SUBFACILITY means a subfacility of Facility A for the issuance of LCs (the LC Exposure in connection with which may never exceed $75,000,000), as described in and subject to the limitations of SECTION 2.2. LENDERS means, collectively, the Facility A Lenders and the Facility B Lenders.
LC SUBFACILITY means a subfacility under the Revolving Credit Tranche for the issuance of LCs, as described in SECTION 2.3.
LC SUBFACILITY means a subfacility of the Commitments for the issuance of LCs, as described in SECTION 2.1(e), under which the LC Exposure (a) may never (without the prior written consent of Administrative Agent, such consent not to be unreasonably withheld) collectively exceed $10,000,000, and (b) together with the unpaid Principal Debt of the Loans may never exceed the Commitments.
LC SUBFACILITY has the meaning set forth in Section 2.10(b) hereof.
LC SUBFACILITY has the meaning set forth in Section 2.11(b).
LC SUBFACILITY means a subfacility of the Revolving Facility for the issuance of LCs, as described in SECTION 2.4, under which the LC Exposure may never exceed $5,000,000 in the aggregate. For the avoidance of doubt, LCs may only be requested or issued as a Dollar commitment to be funded as a Domestic Borrowing under the Revolving ULTRAK-SECOND AMENDMENT TO CREDIT AGREEMENT 2 Facility and all communications from Borrower in respect of LCs shall be with Administrative Agent.
LC SUBFACILITY means that portion of the Total Revolving Credit Commitment equal to $5,000,000.