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 (w) the aggregate amount of the outstanding Letters of Credit issued by the L/C Issuer shall not exceed its L/C Commitment, (x) the aggregate L/C Obligations shall not exceed the L/C Sublimit, (y) the Revolving Exposure of any Lender shall not exceed its Revolving Commitment and (z) the Total Credit Exposure shall not exceed the total Revolving Commitments. (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 (wA) the aggregate amount of the outstanding Letters of Credit issued by the L/C Issuer shall not exceed its L/C Commitment, (xB) the aggregate L/C Obligations shall not exceed the L/C Letter of Credit Sublimit, (yC) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment such Lender’s Commitment, and (zD) the Total Credit Exposure Outstandings shall not exceed the total Revolving Aggregate Commitments.
(i) The L/C Issuer shall not 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 (w) the aggregate amount of the outstanding Letters of Credit issued by the any L/C Issuer shall not exceed its L/C Commitment, (x) the aggregate L/C Obligations shall not exceed the L/C Sublimit, (y) the Revolving Exposure of any Lender shall not exceed its Revolving Commitment and (z) the Total Credit Revolving Exposure shall not exceed the total Revolving Commitments.
(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 (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 (w) the aggregate amount of the outstanding Letters of Credit issued by the L/C Issuer shall not exceed its L/C Commitment, (x) the aggregate L/C Obligations shall not exceed the L/C Letter of Credit Sublimit, (y) the Revolving Exposure of any Lender shall not exceed its Revolving Commitment and (z) the Total Credit Revolving Exposure shall not exceed the total Aggregate Revolving Commitments.. CHAR1\1759258v10
(i) 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 (wv) the aggregate amount of the outstanding Letters of Credit issued by the any L/C Issuer shall not exceed its L/C Commitment, (xw) the aggregate L/C Obligations shall not exceed the L/C Letter of Credit Sublimit, (yx) the Revolving Credit Exposure of any Lender shall not exceed its Revolving Commitment and (zy) the Total Credit Revolving Exposure shall not exceed the total Revolving Commitments.
(i) The . No L/C Issuer shall not be under any obligation to issue any Letter of Credit if:
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