L/C Obligations means the Original Dollar Amount of the aggregate undrawn face amounts of all outstanding Letters of Credit and all unpaid Reimbursement Obligations. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 5.4. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be outstanding in the amount so remaining available to be drawn.
L/C Sublimit means the lesser of (x) U.S.$150,000,000 and (y) the aggregate Revolving Credit Commitments, as may be reduced pursuant to the terms hereof. The L/C Sublimit is part of, and not in addition to, the Revolving Credit Commitments.
Lead Arrangers means BofA Securities, Inc., JPMorgan Chase Bank, N.A., BMO Capital Markets and PNC Bank, National Association.
Legal Requirement means any treaty, convention, statute, law, regulation, ordinance, license, permit, governmental approval, injunction, judgment, order, consent decree or any directive, policy or guideline of any Governmental Authority having the force of law or other requirement of any Governmental Authority, whether federal, state, or local.
Lender Parties and Lender Recipient Parties means, collectively, the Lenders, the Swing Line Lender and the L/C Issuers.
Lenders means and includes Bank of America and the other financial institutions from time to time party to this Agreement, including each Person listed in Schedule 1 attached hereto or that becomes a Lender pursuant to Section 1.2, each Eligible Assignee that becomes a Lender pursuant to Section 13.12 hereof and, unless the context otherwise requires, the Swing Line Lender (each a Lender).
Lending Office is defined in Section 10.4 hereof.
Letter of Credit is defined in Section 1.3(a) hereof.
Letter of Credit Report means a certificate substantially in the form of Exhibit F or any other form approved by the Administrative Agent.
Letter of Credit Sublimit means (i) with respect to Bank of America, $37,500,000, (ii) with respect to JPMorgan Chase Bank, N.A., $37,500,000, (iii) with respect to Bank of Montreal, $37,500,000, (iv) with respect to PNC Bank, National Association, $37,500,000 and (v) with respect to any other Person that becomes an L/C Issuer in accordance with Section 1.3(h), Section 11.8 or Section 13.12(e), in each case, such amount as agreed to in writing by the Borrowers and such Person at the time such Person becomes an L/C Issuer, as each of the foregoing amounts may be decreased or increased from time to time with the written consent of the Borrowers and the applicable L/C Issuer (and with respect to any non-pro rata decrease of the Letter of Credit Sublimit, the written consent of each L/C Issuer). Any successor L/C Issuer appointed pursuant to Section 1.3(h), Section 11.8 or Section 13.12(e) shall assume the resigning L/C Issuers Letter of Credit Sublimit.