Banks’ Participations. Subject to the provisions of this Agreement, each Bank will participate in the Facility up to an aggregate maximum principal amount not exceeding its Commitment and in the proportion which its Commitment bears to the Total Commitments on the Issuance Date. No Bank is obliged to make available more than its Commitment.
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Samples: Facility Agreement, Facility Agreement (Max Capital Group Ltd.), Facility Agreement (Max Capital Group Ltd.)
Banks’ Participations. Subject to the provisions of this Agreement, each Bank will participate in the Facility by indemnifying the Issuing Bank in respect of the Letters of Credit up to an aggregate maximum principal amount not exceeding its Commitment and in the proportion which its Commitment bears to the Total Commitments on the Issuance Date. No Bank is obliged to make available more than its CommitmentCommitments.
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