Letter of Credit Amount definition

Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

Letter of Credit Amount means, with respect to any Letter of Credit, the aggregate maximum amount at any time available for drawing under such Letter of Credit.

Letter of Credit Amount means the sum of (a) the aggregate remaining available amount of all issued and outstanding Letters of Credit, and (b) amounts drawn under Letters of Credit for which the Letter of Credit Bank has not been reimbursed with proceeds of a Borrowing or otherwise.

Examples of Letter of Credit Amount in a sentence

• If Subtenant exercises the ROFO and the ROFO Space would result in Subtenant subleasing the entirety of the Building then prior to the date the ROFO Space is delivered to Subtenant, the Letter of Credit Amount shall be increased by Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00).

• Notwithstanding anything contained herein to the contrary, in the event Tenant delivers the Letter of Credit in the Letter of Credit Amount to Landlord as required by Section 8(a) above within thirty (30) days following the Effective Date, then Landlord shall return the unapplied portion of the Security Deposit to Tenant within three (3) business days of its receipt of the Letter of Credit.

• Prior to the Expansion Space Delivery Date, the Letter of Credit Amount shall be increased by Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00).

• Other than the increase in the Letter of Credit Amount described below, Sublandlord shall not be permitted to require any other increase in the Letter of Credit Amount or additional security for this Sublease in connection with an Offer Notice.

• If Landlord draws upon the Letter of Credit, Tenant shall present to Landlord a replacement Letter of Credit in the full Letter of Credit Amount satisfying all of the terms and conditions of this Section within twenty-one (21) days after receipt of notice from Landlord of such draw.

More Definitions of Letter of Credit Amount

Letter of Credit Amount means, as of any date of determination, the sum of (i) the aggregate amount available to be drawn as of such date under the Letters of Credit, as specified therein, and (ii) if the Issuer L/C Cash Collateral Account has been established and funded pursuant to Clause 4.2(a)(ii) (Establishment of Accounts) of the Issuer Facility Agreement, the Available L/C Cash Collateral Account Amount as of such date.

Letter of Credit Amount shall have the meaning set forth in Section 3.1(c).

Letter of Credit Amount means, at any relevant time, the maximum amount of the liability of the LC Bank to the Lessor under, and as determined pursuant to, the Letter of Credit at such time (but, for the purpose of the definition of Applicable Security Amount disregarding any Relevant Bank Change of Law Event or Relevant Bank Illegality Event which may affect the liability of the LC Bank to the Lessor under the Letter of Credit at such relevant time);

Letter of Credit Amount means, as of any day, (a) the Letter of Credit Commitment less (b) any amount previously drawn under the Letter of Credit and not reimbursed to the Letter of Credit Banks.

Letter of Credit Amount or Letter of Credit Amounts" will mean the Boonx Xxxernate Letter of Credit Amount, the Scottsburg Alternate Letter of Credit Amount and the Port Authority Alternate Letter of Credit Amount, as applicable.

Letter of Credit Amount means, at any time, the aggregate of the Letter of Credit - Principal Component and the Letter of Credit - Interest Component, subject to reduction or reinstatement as provided in the Letter of Credit.

Letter of Credit Amount means the following amount as of the date set forth below: Date Letter of Credit Amount Any time prior to September 30, 2009 $ 29,000,000 September 30, 2009 to and including October 31, 2009 $ 28,000,000 November 1, 2009 to and including November 30, 2009 $ 26,000,000 December 1, 2009 to and including December 31, 2009 $ 25,000,000 January 1, 2010 to and including January 31, 2010 $ 24,000,000 February 1, 2010 to and including February 28, 2010 $ 23,000,000 March 1, 2010 to and including March 31, 2010 $ 22,000,000 April 1, 2010 to and including April 30, 2010 $ 21,000,000 May 1, 2010 to and including May 31, 2010 $ 20,000,000 June 1, 2010 to and including June 30, 2010 $ 19,000,000 July 1, 2010 to and including July 31, 2010 $ 18,000,000 August 1, 2010 to and including August 31, 2010 $ 17,000,000 September 1, 2010 to and including September 30, 2010 $ 16,000,000 October 1, 2010 to and including February 28, 2011 $ 15,000,000 March 1, 2011 to and including March 31, 2011 $ 13,000,000 April 1, 2011 to and including April 30, 2011 $ 11,000,000