Common use of Grant of the Facility Clause in Contracts

Grant of the Facility. Subject to the terms of this Agreement, the Lenders grant to the Borrower on behalf of the Account Party, upon the terms and subject to the conditions hereof, a standby letter of credit facility in an aggregate amount equal to the Total Commitments.

Grant of the Facility. Subject The Lenders, upon the terms and subject to the terms of this Agreementconditions hereof, the Lenders grant to the Borrower on behalf of the Account Party, upon the terms and subject to the conditions hereof, a standby multicurrency letter of credit facility in an aggregate amount equal to the Total Commitments.

Grant of the Facility. Subject to the terms of this Agreement, the Lenders grant to the Borrower on behalf of the Account Party, upon the terms and subject to the conditions hereof, a multicurrency standby letter of credit facility in an aggregate amount equal to the Total Commitments.