Common use of Available Amount Clause in Contracts

Available Amount. The face amount of the requested Negotiated Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, (b) an amount which would exceed the Issuing Syndication Party’s Individual 5-Year Lending Capacity, or (c) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Existing Letters of Credit then outstanding (including any Committed Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment. Prior to the issuance of a Negotiated Letter of Credit, the Issuing Syndication Party shall confirm with the Administrative Agent that the issuance of such Negotiated Letter of Credit will not result in the limitations set forth in this Subsection being exceeded.

Available Amount. The face amount of the requested Negotiated Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, (b) an amount which would exceed the Issuing Syndication Party’s Individual 5-Year Lending Capacity, or (c) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Existing Closing Date Letters of Credit then outstanding (including any Committed Letter of Credit requested but not yet issued unless the Letter of Credit Bank or the applicable Syndication Party has declined to issue the Letter of Credit) from the LC Commitment. Prior to the issuance of a Negotiated Letter of Credit, the Issuing Syndication Party shall confirm with the Administrative Agent that the issuance of such Negotiated Letter of Credit will not result in the limitations set forth in this Subsection being exceeded.

Available Amount. The face amount of the requested Negotiated Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 53-Year Obligations of all Syndication Parties from the 53-Year Commitment, (b) an amount which would exceed the Issuing Syndication Party’s 's Individual 53-Year Lending Capacity, or (c) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Existing Letters of Credit then outstanding (including any Committed Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment. Prior to the issuance of a Negotiated Letter of Credit, the Issuing Syndication Party shall confirm with the Administrative Agent that the issuance of such Negotiated Letter of Credit will not result in the limitations set forth in this Subsection being exceeded.