Common use of Limitations on Amounts, Issuance and Amendment Clause in Contracts

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (v) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (w) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (x) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment and (y) the Total Revolving Exposure shall not exceed the total Revolving Commitments. No L/C Issuer shall be under any obligation to issue any Letter of Credit if:

Appears in 1 contract

Sources: Credit Agreement (Fresh Del Monte Produce Inc)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (vw) the aggregate amount of the outstanding Letters of Credit issued by any the L/C Issuer shall not exceed its L/C Commitment, (wx) the aggregate L/C Obligations shall not exceed the Letter of Credit L/C Sublimit, (xy) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment and (yz) the Total Revolving Credit Exposure shall not exceed the total Revolving Commitments. No . (i) The L/C Issuer shall not be under any obligation to issue any Letter of Credit if:

Appears in 1 contract

Sources: Credit Agreement (Robert Half Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (vA) the aggregate amount of the outstanding Letters of Credit issued by any the L/C Issuer shall not exceed its L/C Commitment, (wB) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (xC) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment such Lender’s Commitment, and (yD) the Total Revolving Exposure Outstandings shall not exceed the total Revolving Aggregate Commitments. No L/C Issuer shall be under any obligation to issue any Letter of Credit if:CHAR1\1990274v1

Appears in 1 contract

Sources: Credit Agreement (Itt Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (vw) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (wx) the aggregate L/C Obligations shall not exceed the Letter of Credit L/C Sublimit, (xy) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment and (yz) the Total Revolving Exposure shall not exceed the total Revolving Commitments. No L/C Issuer shall be under any obligation to issue any Letter of Credit if:.

Appears in 1 contract

Sources: Credit Agreement (Morningstar, Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (vw) the aggregate amount of the outstanding Letters of Credit issued by any the L/C Issuer shall not exceed its L/C Commitment, (wx) the aggregate L/C Obligations shall not exceed the Letter of Credit Sublimit, (xy) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment and (yz) the Total Revolving Exposure shall not exceed the total Aggregate Revolving Commitments. No CHAR1\1759258v10 iii. The L/C Issuer shall not be under any obligation to issue any Letter of Credit if:

Appears in 1 contract

Sources: Credit Agreement (KnowBe4, Inc.)

Limitations on Amounts, Issuance and Amendment. A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (vw) the aggregate amount of the outstanding Letters of Credit issued by any the applicable L/C Issuer (including, for the avoidance of doubt, any Existing Letters of Credit issued by such L/C Issuer) shall not exceed its L/C Commitment, (wx) the aggregate L/C Obligations shall not exceed the Letter of Credit L/C Sublimit, (xy) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment and (yz) the Total Revolving Exposure shall not exceed the total Aggregate Revolving Commitments. No L/C Issuer shall be under any obligation to issue any Letter of Credit if:.

Appears in 1 contract

Sources: Credit Agreement (Parsons Corp)