Amounts; Outside Expiration Date. The Agent shall not have any obligation to cause any Letter of Credit to be issued by a Lender or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn face amount of the Letter of Credit is greater than the Unused Letter of Credit Subfacility; or (2) such Letter of Credit has an expiration date later than thirty (30) days prior to the Revolving Credit Commitment Termination Date, or more than one (1) year from the date of issuance.
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Samples: Loan and Security Agreement (KMC Telecom Holdings Inc), Loan and Security Agreement (KMC Telecom Holdings Inc)
Amounts; Outside Expiration Date. The Administrative Agent shall not have any obligation to cause any Letter of Credit to be issued by a Lender or to provide Credit Support for issue any Letter of Credit at any time if: (1) the maximum undrawn face amount of the Letter of Credit is greater than the Unused Letter of Credit Subfacility; or (2) such Letter of Credit has an expiration date later than thirty (30) days prior to the Revolving Credit Loan Commitment Termination Date, or more than one (1) year from the date of issuance.
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Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit to be issued by a Lender or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn face amount of the requested Letter of Credit is greater than the Unused Letter of Credit SubfacilitySubfacility at such time; (2) the maximum undrawn amount of the requested Letter of Credit would exceed the Availability of the Borrower at such time; or (23) such any standby Letter of Credit has an expiration date later than thirty (30) days prior to the Revolving Credit Commitment Termination Date, or more than one twelve (112) year months from the date of issuance.
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