Common use of Letter of Credit Sub-Facility Clause in Contracts

Letter of Credit Sub-Facility. The Bank agrees to issue standby letters of credit (each a "Letter of Credit") on behalf of the Borrower of up to $250,000.00. At no time, however, shall the total principal amount of all Advances outstanding under the Line of Credit, together with the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, exceed the Borrowing Base.

Letter of Credit Sub-Facility. The Bank agrees to issue commercial and/or standby letters of credit (each a "“Letter of Credit"”) on behalf of the Borrower of up to $250,000.003,000,000.00. At no time, however, shall the total principal amount of all Advances outstanding under the Line of Credit, together with the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, exceed the Borrowing BaseLine of Credit. For the purposes hereof, any Letters of Credit issued and outstanding for the account of the Borrower as of the date hereof shall be deemed to be issued hereunder.

Letter of Credit Sub-Facility. The Bank agrees to issue standby letters of credit (each a "Letter of Credit") on behalf of the Borrower of up to $250,000.002,000,000.00. At no time, however, shall the total principal amount of all Advances outstanding under the Line of CreditForeign Exchange Facility, together with the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, exceed the Borrowing BaseLine of Credit. For the purposes hereof, any Letters of Credit issued and outstanding for the account of the Borrower as of the date hereof shall be deemed to be issued hereunder.

Letter of Credit Sub-Facility. The Bank agrees to issue commercial and/or standby letters of credit (each a "Letter of Credit") on behalf of the Borrower of up to $250,000.001,000,000.00. At no time, however, shall the total principal amount of all Advances outstanding under the Line of CreditFX Facility, together with the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, exceed the Borrowing BaseLine of Credit. For the purposes hereof, any Letters of Credit issued and outstanding for the account of the Borrower as of the date hereof shall be deemed to be issued hereunder.

Letter of Credit Sub-Facility. The Bank agrees to issue commercial and/or standby letters of credit (each a "“Letter of Credit"”) on behalf of the Borrower of up to $250,000.001,000,000.00. At no time, however, shall the total principal amount of all Advances outstanding under the Line of Credit, together with the total face amount of all Letters of Credit outstanding, less any partial draws paid by the Bank, exceed the Borrowing BaseLine of Credit.