Common use of Issuance of Letter of Credit Clause in Contracts

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of Credit. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of CreditCredit for the account of the Applicant. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 16,588,713.00 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) 35 days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of CreditCredit for the account of the Applicant. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 20,295,891 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) 45 days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of Credit. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 39,512,877 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of Credit. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 20,263,014 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of Credit. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 (the “Original Stated Amount”), which is the sum of (i) the outstanding principal amount of the Bonds outstanding on as of the Closing Effective Date, plus (ii) interest thereon at the Cap Interest Rate an assumed rate of twelve percent (12%) per annum for a period of forty (40) daysforty-eight days on the basis of a 365 day year.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of Credit. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 47,111,507 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of CreditCredit for the account of the Applicant. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 (the 25,462,329.00(the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) 45 days.

Issuance of Letter of Credit. Upon The Letter of Credit was issued on the terms, subject Date of Issuance pursuant to the conditions terms and relying upon provisions of the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of CreditOriginal Agreement. The Letter of Credit shall be was issued in the original stated amount of U.S. $55,318,028 (the “Original Stated Amount”)37,908,069, which is the sum of (i) the principal amount of Bonds outstanding Outstanding on the Closing DateDate of Issuance, plus (ii) interest thereon at the Cap Interest Rate for a period of forty fifty (4050) daysdays calculated on the basis of a 365-day year and the actual number of days elapsed.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of Credit. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 4,555,480 (the “"Original Stated Amount”"), which is the sum of (i) the highest principal amount of Bonds outstanding on the Closing Datewhich may from time to time be outstanding, plus (ii) interest thereon at the Cap Interest Rate for a period of forty five (4045) days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of Credit. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 5,369,699 (the “"Original Stated Amount”"), which is the sum of (i) the highest principal amount of Bonds outstanding on the Closing Datewhich may from time to time be outstanding, plus (ii) interest thereon at the Cap Interest Rate for a period of forty eight (4048) days.

Issuance of Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Issuing Bank agrees to issue the Letter of CreditCredit for the account of the Applicant. The Letter of Credit shall be in the original stated amount of U.S. $55,318,028 25,462,329.00 (the “Original Stated Amount”), which is the sum of (i) the principal amount of Bonds outstanding on the Closing Date, plus (ii) interest thereon at the Cap Interest Rate for a period of forty (40) 45 days.