Common use of Changes to Stated Amount Clause in Contracts

Changes to Stated Amount. At any time when any Letter of Credit is outstanding, at the request of the respective Borrower, the Issuing Agent will enter into an amendment increasing or reducing the Stated Amount of such Letter of Credit, provided that (i) in no event shall the Stated Amount of such Letter of Credit be increased to an amount which would cause (x) the Revolving Credit Exposure to exceed the Total Commitment at such time, (y) the Revolving Credit Exposure attributable to such Borrower to exceed the Borrowing Base of such Borrower at such time or (z) the Letter of Credit Outstandings in respect of Fronted Letters of Credit to exceed $25,000,000, (ii) the Stated Amount of a Letter of Credit may not be increased at any time if the conditions precedent set forth in Section 5.02 are not satisfied at such time, and (iii) the Stated Amount of a Letter of Credit may not be increased at any time after the Commitment Expiration Date.

Changes to Stated Amount. At any time when any Letter of Credit is outstanding, at the request of the respective Borrower, the Issuing Agent will enter into an amendment increasing or reducing the Stated Amount of such Letter of Credit, provided that (i) in no event shall the Stated Amount of such Letter of Credit be increased to an amount which would cause which, (x) the Revolving Credit Exposure when added to exceed the Total Commitment at such time, (y) the Revolving Credit Exposure attributable to such Borrower to exceed the Borrowing Base of such Borrower at such time or (z) the Letter of Credit Outstandings in respect at such time attributable to all Letters of Credit and the aggregate Principal Amount of all Loans then outstanding, would exceed the Total Commitment, or (y) would cause the Letter of Credit Outstandings attributable to all Fronted Letters of Credit to exceed $25,000,000100,000,000, (ii) the Stated Amount of a Letter of Credit may not be increased at any time if the conditions precedent set forth in Section 5.02 are not satisfied at such time, and (iii) the Stated Amount of a Letter of Credit may not be increased at any time after the Commitment Expiration Final Maturity Date.

Changes to Stated Amount. At any time when any Letter of Credit is outstanding, at the request of the respective Borrower, the Issuing Agent will enter into an amendment increasing or reducing the Stated Amount of such Letter of Credit, provided that (i) in no event shall the Stated Amount of such Letter of Credit be increased to an amount which would cause which, (x) the Revolving Credit Exposure when added to exceed the Total Commitment at such time, (y) the Revolving Credit Exposure attributable to such Borrower to exceed the Borrowing Base of such Borrower at such time or (z) the Letter of Credit Outstandings in respect at such time attributable to all Letters of Credit and the aggregate Principal Amount of all Loans then outstanding, would exceed the Total Commitment, or (y) would cause the Letter of Credit Outstandings attributable to all Fronted Letters of Credit to exceed $25,000,000375,000,000, (ii) the Stated Amount of a Letter of Credit may not be increased at any time if the conditions precedent set forth in Section 5.02 are not satisfied at such time, and (iii) the Stated Amount of a Letter of Credit may not be increased at any time after the Commitment Expiration Final Maturity Date.

Changes to Stated Amount. At any time when any Letter of Credit is outstanding, at the request of the respective Borrower, the Issuing Agent will enter into an amendment increasing or reducing the Stated Amount of such Letter of Credit, provided that (i) in no event shall the Stated Amount of such Letter of Credit be increased to an amount which would cause which, (x) the Revolving Credit Exposure when added to exceed the Total Commitment at such time, (y) the Revolving Credit Exposure attributable to such Borrower to exceed the Borrowing Base of such Borrower at such time or (z) the Letter of Credit Outstandings in respect at such time attributable to all Letters of Credit and the aggregate Principal Amount of all Loans then outstanding, would exceed the Total Commitment, or (y) would cause the Letter of Credit Outstandings attributable to all Fronted Letters of Credit to exceed $25,000,000, (ii) the Stated Amount of a Letter of Credit may not be increased at any time if the conditions precedent set forth in Section 5.02 are not satisfied at such time, and (iii) the Stated Amount of a Letter of Credit may not be increased at any time after the Commitment Expiration Final Maturity Date.