Lc Subfacility. (a) Subject to the terms and conditions of this Agreement and applicable Law, Administrative Agent agrees to issue LCs under the Facility upon Borrower’s delivery of an LC Request and a duly executed LC Agreement, each of which must be received by Administrative Agent no later than 12:00 noon on the third Business Day before the requested LC is to be issued; provided that the LC Exposure may not exceed $80,000,000 and the Facility Commitment Usage may not exceed the Facility Commitment Sum. Each LC must expire no later than the earlier (i) of five (5) days before the Facility Maturity Date and (ii) one (1) year after such LCs issuance (provided that, LCs may, if so requested by Borrower, be self-extending for up to one additional year with up to one hundred twenty (120) days cancellation notice, but in no event shall the expiration extend beyond the date contemplated by Section 2.3(a)(i)).
Lc Subfacility. (a) Subject to the terms and conditions of this Facility A Agreement and applicable Law, Administrative Agent agrees to issue LCs upon Borrower's application therefor (denominated in Dollars or, upon Borrower's request and subject to this SECTION 2.2, in a Foreign Currency) by delivering to Administrative Agent a properly completed notice (a "NOTICE OF LC," substantially in the form of EXHIBIT B-3) and an LC Agreement with respect thereto no later than 10:00 a.m. Dallas, Texas time three Business Days before such LC is to be issued; provided that (i) on any date of determination and after giving effect to any LC to be issued on such date, the Facility A Commitment Usage (calculated at the then Dollar-Equivalent of that amount) shall never exceed the Facility A Commitment then in effect, (ii) on any date of determination and after giving effect to any LC to be issued on such date, the LC Exposure (calculated at the then Dollar-Equivalent of that amount) shall never exceed the LC Commitment, (iii) at the time of issuance of such LC, no Default or Potential Default shall have occurred and be continuing, and (iv) each LC must expire no later than the earlier of the thirtieth (30th) day prior to the Facility A Termination Date and two years from its issuance; provided that any LC may provide for automatic renewal for successive twelve month periods (but no renewal period may extend beyond the thirtieth (30th) day prior to the Facility A Termination Date) unless Administrative Agent has given prior notice to the applicable beneficiary of its election not to extend such LC.
Lc Subfacility. (a) Subject to the terms and conditions of this Agreement and applicable Law, Agent agrees to issue LCs under the Revolving Credit Tranche upon Borrower's delivery of an LC Request and an LC Agreement, each of which must be received by Agent no later than 1:00 p.m. on the third Business Day preceding the date on which the requested LC is to be issued; provided that the LC Exposure may not exceed $85,000,000 and the Revolving Credit Commitment Usage may not exceed the aggregate commitment under the Revolving Credit Tranche (as such amount is reduced and canceled in accordance with this Agreement). Each LC (other than Xxxxx Creek LCs) must expire no later than 13 months from its issuance; provided that any LC (other than Xxxxx Creek LCs) may, at Borrower's request, provide that it is self-extending upon its expiration date for successive periods of 6 to 12 months each (as selected by Borrower),
Lc Subfacility. (a) Subject to the terms and conditions of this Agreement and applicable Law, Agent agrees to issue LCs under Facility A upon Borrower's delivery of an LC Request and a duly executed LC Agreement, each of which must be received by Agent no later than 10:00 a.m. on the third Business Day before the requested LC is to be issued; PROVIDED THAT the LC Exposure may not exceed $20,000,000 and the Facility A Commitment Usage may not exceed the Facility A Commitment. Each LC must expire no LATER than the EARLIER of 30 days before the Facility A Termination Date AND 13 months after such LC's issuance (PROVIDED THAT LCs may be self-extending with up to 120 days cancellation notice by Agent to beneficiary).
Lc Subfacility. 13 SECTION 3
Lc Subfacility. (a) Subject to the terms and conditions of this Agreement and applicable Law, Agent agrees to issue LCs under Facility A upon Borrower's delivery of an LC Request and a duly executed LC Agreement, each of which must be received by Agent no later than 12:00 noon on the third Business Day before the requested LC is to be issued; provided that the LC Exposure may not exceed $7,000,000 and the Facility A Commitment Usage may not exceed the Facility A Commitment Sum. Each LC must expire no later than the earlier of five (5) days before the Facility A Maturity Date and one (1) year after such LC's issuance (provided that, LCs may, if so requested by Borrower, be self-extending with up to one hundred twenty (120) days cancellation notice by Agent to beneficiary).
Lc Subfacility. 13 2.4 Termination of Revolving Facilities...........................16
Lc Subfacility. (a) $6,000,000 LC Subfacility. Subject to the terms and conditions of this Agreement and applicable Law, a portion of the Facility not in excess of $6,000,000 shall be available to Borrower for the issuance of LCs by Agent, in the capacity of Issuing Lender, for Borrower's account upon Borrower's delivery of an LC Request in the form of EXHIBIT D, which must be received by Agent no later than 10:00 a.m. on the second Business Day before the requested LC is to be issued; provided that the LC Exposure under this SECTION 2.10(a) may not exceed $6,000,000.
Lc Subfacility. 21 2.4 Requests..................................................... 23 2.5 Termination.................................................. 24
Lc Subfacility. (a) Subject to the terms and conditions of this Agreement and applicable Law, Issuing Lender agrees, at any time and from time to time (but not later than 30 days prior to the Revolving Credit Termination Date), to issue LCs under the Revolving Credit Facility upon Borrower's delivery of an LC Request and a duly executed LC Agreement, each of which must be received by Issuing Lender no later than 12:00 noon on the second Business Day before the requested LC is to be issued; provided that the LC Exposure may not exceed $15,000,000, and the Revolving Credit Commitment Usage may not exceed the Revolving Credit Commitment (as such amount is reduced and canceled in accordance with this Agreement). Each LC must expire no later than 13 months after such LC's issuance, provided that (i) any LC may, at Borrower's request, provide that it is self-extending upon its expiration date for successive periods of 6 to 12 months each unless Issuing Lender has given the beneficiary under such LC at least 30 days (but no more than 120 days) prior written notice to the contrary, and (ii) each LC must expire no later than the Revolving Credit Termination Date.
