DISCRETIONARY FACILITY; MAXIMUM EXPOSURE Sample Clauses

DISCRETIONARY FACILITY; MAXIMUM EXPOSURE. We understand and agree that (A) Issuer shall be under no obligation to issue any Credit and that the issuance of each credit requested by any of us shall be in the sole discretion of Issuer, (B) without limiting the provisions of the preceding clause (A), Issuer will not issue any credit if to do so would cause the sum of the stated amounts of all outstanding Credits and the total amount of Reimbursement Obligations then outstanding, including Reimbursement Obligations in respect of drafts accepted by any of us but not then due, to exceed USD7,000,000 and (C) unless otherwise agreed by Issuer in its sole discretion, and without limitation of Issuer's other rights and remedies, all Reimbursement Obligations in respect of a Credit must be satisfied in full by Issuer's receipt of collected funds before Issuer releases any documents received by Issuer relating to such Credit.