Common use of Commitment for Letters of Credit Clause in Contracts

Commitment for Letters of Credit. The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Company from time to time on any Business Day during the period from the date of this Agreement until the Revolver Maturity Date provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit and (ii) the aggregate outstanding principal amount of Revolving Borrowings plus the Letter of Credit Exposure shall not exceed the lesser of (A) the aggregate amount of the Revolving Commitments and (B) the Borrowing Base. No Letter of Credit may have an expiration date later than 12 months after its issuance date, and each Letter of Credit which is self-extending beyond its expiration date must be cancelable upon at least 30 days notice given by the Issuing Bank to the beneficiary of such Letter of Credit. No Letter of Credit may have an expiration date later than the Revolver Maturity Date unless approved by the Issuing Bank, the Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The indebtedness of a Credit Party to the Issuing Bank resulting from Letters of Credit requested by such Credit Party shall be evidenced by the Letter of Credit Applications made by such Credit Party.

Commitment for Letters of Credit. The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Company Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolver Revolving Loan Maturity Date provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit and (ii) the aggregate outstanding principal amount of Revolving Loan Borrowings plus the Letter of Credit Exposure plus the Swing Line Loan shall not exceed the lesser of (A) the aggregate amount of the Revolving Commitments and (B) the Borrowing BaseLoan Commitments. No Letter of Credit may have an expiration date later than 12 months after its issuance date, and each Letter of Credit which is self-extending beyond its expiration date must be cancelable upon at least 30 days notice given by the Issuing Bank to the beneficiary of such Letter of Credit. No Letter of Credit may have an expiration date later than 12 months after the Revolver Revolving Loan Maturity Date unless approved by the Issuing Bank, the Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The indebtedness of a Credit Party the Borrower to the Issuing Bank resulting from Letters of Credit requested by such Credit Party the Borrower shall be evidenced by the Letter of Credit Applications made by such Credit Partythe Borrower.

Commitment for Letters of Credit. The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Company Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolver Revolving A Loan Maturity Date provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit and (ii) the aggregate outstanding principal amount of Revolving Loan Borrowings plus the Letter of Credit Exposure plus the Swing Line Loan shall not exceed the lesser of (A) the aggregate amount of the Revolving Commitments and (B) the Borrowing BaseLoan Commitments. No Letter of Credit may have an expiration date later than 12 months after its issuance date, and each Letter of Credit which is self-extending beyond its expiration date must be cancelable upon at least 30 days notice given by the Issuing Bank to the beneficiary of such Letter of Credit. No Letter of Credit may have an expiration date later than 12 months after the Revolver Revolving A Loan Maturity Date unless approved by the Issuing Bank, the Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The indebtedness of a Credit Party the Borrower to the Issuing Bank resulting from Letters of Credit requested by such Credit Party the Borrower shall be evidenced by the Letter of Credit Applications made by such Credit Partythe Borrower.

Commitment for Letters of Credit. The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Company Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolver Revolving Loan Maturity Date provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit and (ii) the aggregate outstanding principal amount of Revolving Loan Borrowings plus the Letter of Credit Exposure plus the Swing Line Loan shall not exceed the lesser of (A) the aggregate amount of the Revolving Commitments and (B) the Borrowing BaseLoan Commitments. No Letter of Credit may have an expiration date later than 12 months after its issuance date, and each Letter of Credit which is self-extending beyond its expiration date must be cancelable upon at least 30 no more than 60 days notice given by the Issuing Bank to the beneficiary of such Letter of Credit. No Letter of Credit may have an expiration date later than 12 months after the Revolver Revolving Loan Maturity Date unless approved by the Issuing Bank, the Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The indebtedness of a Credit Party the Borrower to the Issuing Bank resulting from Letters of Credit requested by such Credit Party the Borrower shall be evidenced by the Letter of Credit Applications made by such Credit Partythe Borrower.

Commitment for Letters of Credit. The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Company Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolver Revolving Loan Maturity Date provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit and (ii) the aggregate outstanding principal amount of Revolving Loan Borrowings plus the Letter of Credit Exposure shall not exceed the lesser of (A) the aggregate amount of the Revolving Commitments and (B) the Borrowing BaseLoan Commitments. No Letter of Credit may have an expiration date later than 12 months after its issuance date, and each Letter of Credit which is self-extending beyond its expiration date must be cancelable upon at least 30 no more than 60 days notice given by the Issuing Bank to the beneficiary of such Letter of Credit. No Letter of Credit may have an expiration date later than 12 months after the Revolver Revolving Loan Maturity Date unless approved by the Issuing Bank, the Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The indebtedness of a Credit Party the Borrower to the Issuing Bank resulting from Letters of Credit requested by such Credit Party the Borrower shall be evidenced by the Letter of Credit Applications made by such Credit Partythe Borrower.

Commitment for Letters of Credit. The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Company Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolver Revolving Loan Maturity Date provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit and (ii) the aggregate outstanding principal amount of Revolving Loan Borrowings plus the Letter of Credit Exposure plus the Swing Line Loan shall not exceed the lesser of (A) the aggregate amount of the Revolving Commitments and (B) the Borrowing BaseLoan Commitments. No Letter of Credit may have an expiration date later than 12 months after its issuance date, and each Letter of Credit which is self-extending beyond its expiration date must be cancelable upon at least no more than 30 days notice prior to each extension period given by the Issuing Bank to the beneficiary of such Letter of Credit. No Letter of Credit may have an expiration date later than 12 months after the Revolver Revolving Loan Maturity Date unless approved by the Issuing Bank, the Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The indebtedness of a Credit Party to the Issuing Bank resulting from Letters of Credit requested by such Credit Party shall be evidenced by the Letter of Credit Applications made by such Credit Party.,

Commitment for Letters of Credit. The Issuing Bank shall, on the terms and conditions set forth in this Agreement and for the purposes set forth in Section 5.4, issue, increase, and extend Letters of Credit at the request of the Company Borrower from time to time on any Business Day during the period from the date of this Agreement until the Revolver Revolving Credit Maturity Date provided that (i) the Letter of Credit Exposure shall not exceed the Letter of Credit Sublimit and (ii) the aggregate outstanding principal amount of Revolving Borrowings Credit Advances plus the Letter of Credit Exposure shall not exceed the lesser of (A) the aggregate amount of the Revolving Commitments and (B) or, before the Borrowing Base Termination Condition occurs, the Borrowing Base. No Letter of Credit may have an expiration date later than 12 months after its issuance date, and each Letter of Credit which is self-extending beyond its expiration date must be cancelable upon at least 30 days notice given by the Issuing Bank to the beneficiary of such Letter of Credit. No Letter of Credit may have an expiration date later than 12 months after the Revolver Revolving Credit Maturity Date unless approved by the Issuing Bank, the Agent, and the Banks. Each Letter of Credit must be in form and substance acceptable to the Issuing Bank. The indebtedness of a Credit Party the Borrower to the Issuing Bank resulting from Letters of Credit requested by such Credit Party the Borrower shall be evidenced by the Letter of Credit Applications made by such Credit Partythe Borrower.