Common use of The Letters of Credit Clause in Contracts

The Letters of Credit. Subject to the terms and conditions hereof, each Issuing Bank agrees to issue Letters of Credit for the account of the Borrowers pursuant to Section 2.16 hereof in an aggregate outstanding face amount for all Issuing Banks, not to exceed the Letter of Credit Commitment at any time.

The Letters of Credit. Subject to the terms and conditions hereof, hereof each Issuing Bank agrees agrees, severally in accordance with their respective Letter of Credit Commitments and not jointly, to issue Letters of Credit for the account of the Borrowers Borrower pursuant to Section 2.16 2.15 hereof in an aggregate outstanding face amount (i) for all Issuing Banks, not to exceed the Letter of Credit Commitment at any time, and (ii) for any individual Issuing Bank, not to exceed such Issuing Bank’s Letter of Credit Commitment.

The Letters of Credit. Subject to the terms and conditions hereof, hereof each Issuing Bank agrees agrees, severally in accordance with their respective Letter of Credit Commitments and not jointly, to issue Letters of Credit for the account of the Borrowers Borrower pursuant to Section 2.16 2.15 hereof in an aggregate outstanding face amount (i) for all Issuing Banks, not to exceed the Letter of Credit Commitment at any time, and (ii) for any individual Issuing Bank, not to exceed such Issuing Bank's Letter of Credit Commitment.