Common use of Availability of Credits Clause in Contracts

Availability of Credits. Subject to the terms and conditions ----------------------- set forth herein, Lenders shall from time to time prior to the Termination Date participate in the issuance by Agent of Letters of Credit for the account of Borrower on the following terms and conditions: (a) at the time of issuance of the Letter of Credit, the lesser of (x) the unborrowed portion of the Revolving Credit Commitment or (y) the available Borrowing Base, in each case after deducting all outstanding Advances, shall equal or exceed the sum of the amount available to be drawn under such Letter of Credit and the amount available to be drawn under and any unreimbursed draws under all other Letters of Credit; (b) at the time of issuance of the Letter of Credit, the amount available to be drawn under such Letter of Credit and all other Letters of Credit then outstanding hereunder plus any unreimbursed draws under all other Letters of Credit shall not exceed, in the aggregate, the Letter of Credit Sublimit; (c) except as provided in clause (d) below, the final expiration date of each Letter of Credit shall be on or before the earlier of (i) one year from the date of issuance thereof or (ii) the Termination Date;

Availability of Credits. Subject to the terms and conditions ----------------------- set forth herein, Lenders Banks shall from time to time prior to one year prior to the Termination Final Maturity Date participate in the issuance by Administrative Agent of Letters of Credit for the account of Borrower on the following terms and conditions: (a) at the time of issuance of the Letter of Credit, the lesser of (x) the unborrowed portion of the Revolving Credit Commitment or (y) the available Borrowing Base, in each case after deducting all outstanding Advances, shall equal or exceed the sum of the amount available to be drawn under such Letter of Credit and the amount available to be drawn under and any unreimbursed draws under all other Letters of Credit; (b) at the time of issuance of the Letter of Credit, the amount available to be drawn under such Letter of Credit and all other Letters of Credit then outstanding hereunder plus any unreimbursed draws under all other Letters of Credit shall not exceed, in the aggregate, the Letter of Credit Sublimit; ; (c) except as provided in clause (d) below, the final expiration date of each Letter of Credit shall be on or before the earlier of one year from (i) one year from the date of issuance thereof or (ii) the Termination Final Maturity Date;

Availability of Credits. Subject to the terms and conditions ----------------------- set forth herein, Lenders shall from time to time prior to the Termination Date participate in the issuance by Agent of Letters of Credit for the account of Borrower on the following terms and conditions: (a) at the time of issuance of the Letter of Credit, the lesser of (x) the unborrowed portion of the Revolving Credit Commitment or (y) the available Borrowing Base, in each case after deducting all outstanding Advances, shall equal or exceed the sum of the amount available to be drawn under such Letter of Credit and the amount available to be drawn under and any unreimbursed draws under all other Letters of Credit; (b) at the time of issuance of the Letter of Credit, the amount available to be drawn under such Letter of Credit and all other Letters of Credit then outstanding hereunder plus any unreimbursed draws under all other Letters of Credit shall not exceed, in the aggregate, the Letter of Credit Sublimit; (c) except as provided in clause (d) below, the final expiration date of each Letter of Credit shall be on or before the earlier of (i) one year from the date of issuance thereof or (ii) the Termination Date;

Availability of Credits. Subject to the terms and conditions ----------------------- set forth herein, Lenders shall from time to time prior to the Termination Date participate in the issuance by Agent of Letters of Credit for the account of Borrower on the following terms and conditions: (a) at the time of issuance of the Letter of Credit, the lesser of (x) the unborrowed portion of the Revolving Credit Commitment or (y) the available Borrowing Base, in each case after deducting all outstanding Advances, shall equal or exceed the sum of the amount available to be drawn under such Letter of Credit and the amount available to be drawn under and any unreimbursed draws under all other Letters of Credit; (b) at the time of issuance of the Letter of Credit, the amount available to be drawn under such Letter of Credit and all other Letters of Credit then outstanding hereunder plus any unreimbursed draws under all other Letters of Credit shall not exceed, in the aggregate, the Letter of Credit Sublimit; (c) except as provided in clause (d) below, the final expiration date of each Letter of Credit shall be on or before the earlier of (i) one year from the date of issuance thereof or (ii) the Termination Date;