“Letter of Credit Commitment” means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit hereunder. The initial amount of each Issuing Bank’s Letter of Credit Commitment is # $15,000,000, in the case of each of [[Organization C:Organization]], Citibank, N.A. and PNC Bank, National Association, or # if an Issuing Bank has entered into an Assignment and Assumption or has otherwise assumed a Letter of Credit Commitment after the Effective Date, the amount set forth for such Issuing Bank as its Letter of Credit Commitment in the Register maintained by [[Administrative Agent:Organization]]. The Letter of Credit Commitment of an Issuing Bank may be modified from time to time by agreement between such Issuing Bank and , and notified to [[Administrative Agent:Organization]].
“Letter of Credit Commitment” means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit hereunder. The initial amount of each Issuing Bank’s Letter of Credit Commitment is # $15,000,000, in the case of each of [[Administrative Agent:Organization]], Citibank, N.A. and PNC Bank, National Association, or # if an Issuing Bank has entered into an Assignment and Assumption or has otherwise assumed a Letter of Credit Commitment after the Effective Date, the amount set forth for such Issuing Bank as its Letter of Credit Commitment in the Register maintained by the Administrative Agent. The Letter of Credit Commitment of an Issuing Bank may be modified from time to time by agreement between such Issuing Bank and , and notified to the Administrative Agent.
“Letter of Credit Commitment” means, with respect to each Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the [[Organization A:Organization]] and its Subsidiaries in # the Dollar amount set forth opposite the Issuing Bank’s name on [Schedule I] hereto under the caption “Letter of Credit Commitment” or # if such Issuing Bank has entered into one or more Assignment and Assumptions, the Dollar amount set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to [Section 8.07(c)] as such Issuing Bank’s “Letter of Credit Commitment”, in each case as such amount may be reduced prior to such time pursuant to [Section 2.05(a)].
“Letter of Credit Commitment” means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit hereunder. The initial amount of each Issuing Bank’s Letter of Credit Commitment is set forth on [Schedule 2].01B, or if an Issuing Bank has entered into an Assignment and Assumption, the amount set forth for such Issuing Bank as its Letter of Credit Commitment in the Register maintained by [[Administrative Agent:Organization]].
“Letter of Credit Commitment” means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit hereunder. The initial amount of each Issuing Bank’s Letter of Credit Commitment is set forth on the Transaction Schedule, or if an Issuing Bank has entered into an assignment and assumption or has otherwise assumed a Letter of Credit Commitment after the Effective Date, the amount set forth for such Issuing Bank as its Letter of Credit Commitment in the Register maintained by the Administrative Agent. For the avoidance of doubt, the Letter of Credit Commitments are a part of (and not in addition to) the Financing Commitments.
Letter of Credit Commitment means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit pursuant to [Section 2.05]. The Letter of Credit Commitments of each of the Issuing Banks on the Closing Date shall be those Commitments listed on [Schedule 2.01] hereto. Any Issuing Bank shall be permitted at any time to increase its Letter of Credit Commitment with the written consent of the Borrower Representative and notice to the Administrative Agent of such increase, so long as all Issuing Banks Letter of Credit Commitments do not exceed the Letter of Credit Sublimit.
Issuing Bank Commitment means, with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit hereunder. The initial amount of each Issuing Banks Letter of Credit Commitment is set forth on [Schedule 1.1.3], or if an Issuing Bank has entered into an Assignment and Assumption or a Commitment and Acceptance, the amount set forth for such Issuing Bank as its Letter of Credit Commitment in the Assignment and Assumption or Commitment and Acceptance. Each Issuing Banks Issuing Bank Commitment may be decreased or increased from time to time with the written consent of , the Administrative Agent and such Issuing Bank (provided that any increase in the Letter of Credit Commitment with respect to any Issuing Bank, or any decrease in the Letter of Credit Commitment to an amount not less than any Issuing Banks Letter of Credit Commitment as of the Restatement Effective Date, shall only require the consent of the Borrower and such Issuing Bank).
“Unissued Letter of Credit Commitment” means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the [[Organization A:Organization]] or its specified Subsidiaries in an amount equal to the excess of # the amount of its Letter of Credit Commitment over # the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.
“Letter of Credit Commitment” means the commitment of the Issuing Lender, on behalf of the Revolving Lenders, to issue Letters of Credit in an aggregate face amount of up to Thirty Million Dollars ($30,000,000).
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.