- What is a sublimit on a loan? - KamilTaylan. blog
The LC sublimit is typically between 20% to 50% of the aggregate available commitment, which amount is negotiable An updated borrowing base is also included in the LC request
- L C Sublimits definition - Law Insider
Define L C Sublimits means, as of the Effective Date, (a) U S $5,000,000, in the case of JPMorgan, and (b) such amount as shall be designated to the Administrative Agent and the Borrower in writing by an Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its L C Sublimit upon providing five (5
- Letter of Credit Sublimit Definition: 8k Samples | Law Insider
Letter of Credit Sublimit means the aggregate Letter of Credit Commitments of the Issuing Banks, in an amount not to exceed $7,500,000 (or the equivalent thereof in an Alternate Currency) or such larger amount not to exceed the Revolving Facility Commitment as the Administrative Agent and the applicable Issuing Bank may agree
- Sublimits: Beyond the Surface: Unraveling Sublimits and Split Limits
Sublimits, also known as sublimits of liability, are a way of dividing coverage into specific categories or components Under a sublimit structure, there are separate limits for different types of losses within a single policy
- LC Bank Sublimit Definition | Law Insider
Define LC Bank Sublimit means, with respect to any LC Bank, the dollar amount indicated from time to time on Schedule III to this Agreement For the avoidance of doubt, although the aggregate of the LC Bank Sublimits may exceed the LC Sub-Facility, the Stated Amount of the outstanding Letters of Credit may not exceed at any time the LC Sub
- Loan Sublimit Definition | Law Insider
Loan Sublimit means the Total Commitment, less the amount of the Letter of Credit Outstandings Loan Sublimit means, at any time, an amount equal to 50% of the Total Commitment at such time
- Example clauses for Transaction Sublimits - alldrafts. com
Transaction Sublimits The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true (subject, in each case, to the Agent’s discretionary
- Credit Sublimit Definition | Law Insider
Credit Sublimit means, with respect to any Subfacility, the amount specified after the name of that Subfacility under the column labeled “Credit Sublimit” in the Supplement for the related Facility
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