Common use of Letter of Credit Subfacility Clause in Contracts

Letter of Credit Subfacility. During the Revolving Credit Commitment Period and subject to the other terms and conditions of this Agreement, Borrowing Agent may request LC Issuer to issue one or more of its standard standby letters of credit ("Standby Letter of Credit") or its standard commercial letters of credit ("Commercial Letter of Credit") in favor of such beneficiary(ies) as are designated by Borrowing Agent by delivering to LC Issuer, with a copy to Agent: (i) a Letter of Credit Application completed to the satisfaction of LC Issuer, together with the proposed form of the Letter of Credit (which, in all respects, will comply with the applicable requirements of Section 2.4.2), (ii) a Borrowing Base Certificate which calculates the Letter of Credit Availability by giving effect to the proposed Letter of Credit, and (iii) such other Letter of Credit Documents that LC Issuer then reasonably requires. LC Issuer, in addition to the other terms of this Agreement, will have no obligation to issue the proposed Letter of Credit if, after giving effect to such proposed Letter of Credit, the Letter of Credit Availability will be less than zero Dollars. The making of each Letter of Credit request by Borrowing Agent will be deemed to be a representation by each Borrower that the Letter of Credit may be issued in accordance with, and will not violate the terms of, this Section 2.4. 1. Letters of Credit issued hereunder shall constitute a utilization of the Revolving Credit Commitments.

Letter of Credit Subfacility. During the Revolving Credit Commitment Period and subject to the other terms and conditions of this Agreement, Borrowing Agent Borrower may request LC Issuer to issue one or more of its standard standby letters of credit ("“Standby Letter of Credit") or its standard commercial letters of credit ("Commercial Letter of Credit"”) in favor of such beneficiary(ies) as are designated by Borrowing Agent Borrower by delivering to LC Issuer, with a copy to Agent: (i) a Letter of Credit Application completed to the satisfaction of LC Issuer, together with the proposed form of the Letter of Credit (which, in all respects, will comply with the applicable requirements of Section 2.4.2), (ii) a Borrowing Base Certificate which calculates the Letter of Credit Availability by giving effect to the proposed Letter of Credit, and (iii) such other Letter of Credit Documents that LC Issuer then reasonably requires. LC Issuer, in addition to the other terms of this Agreement, will have no obligation to issue the proposed Letter of Credit if, after giving effect to such proposed Letter of Credit, the Letter of Credit Availability will be less than zero Dollars. The making of each Letter of Credit request by Borrowing Agent Borrower will be deemed to be a representation by each Borrower that the Letter of Credit may be issued in accordance with, and will not violate the terms of, this Section 2.4. 12.4.1. Letters of Credit issued hereunder shall constitute a utilization of the Revolving Credit Commitments.

Letter of Credit Subfacility. The LC Issuer has issued the Existing Letter of Credit as of the Closing Date which shall be a Letter of Credit for all purposes of the Loan Documents. During the Revolving Credit Commitment Period and subject to the other terms and conditions of this Agreement, Borrowing Agent Borrower may request LC Issuer to issue one or more of its standard standby letters of credit ("“Standby Letter of Credit"”) or its standard commercial letters of credit ("“Commercial Letter of Credit"”) in favor of such beneficiary(ies) as are designated by Borrowing Agent Borrower by delivering to LC Issuer, with a copy to Agent: (i) a Letter of Credit Application completed to the satisfaction of LC Issuer, together with the proposed form of the Letter of Credit (which, in all respects, will comply with the applicable requirements of Section 2.4.22.3.2), (ii) a Borrowing Base Certificate which calculates the Letter of Credit Availability by giving effect to the proposed Letter of Credit, and (iii) such other Letter of Credit Documents that LC Issuer then reasonably requires. LC Issuer, in addition to the other terms of this Agreement, will have no obligation to issue the proposed Letter of Credit if, after giving effect to such proposed Letter of Credit, the Letter of Credit Availability will be less than zero Dollars. The making of each Letter of Credit request by Borrowing Agent Borrower will be deemed to be a representation by each Borrower that the Letter of Credit may be issued in accordance with, and will not violate the terms of, this Section 2.4. 12.3.1. Letters of Credit issued hereunder shall constitute a utilization of the Revolving Credit Commitments.

Letter of Credit Subfacility. During Until the Revolving Credit Commitment Period termination of this Agreement pursuant to Section 11 and subject to the other terms and conditions of this Agreement, Borrowing Agent Borrowers may request LC Issuer Bank to issue one or more of its standard standby letters of credit ("“Standby Letter of Credit"”) or its standard commercial letters of credit ("“Commercial Letter of Credit"”) in favor of such beneficiary(ies) as are designated by Borrowing Agent Borrowers by delivering to LC Issuer, with a copy to AgentBank: (i) a Letter of Credit Application completed to the satisfaction of LC IssuerBank, together with the proposed form of the Letter of Credit (which, in all respects, will comply with the applicable requirements of Section 2.4.2), (ii) a Borrowing Base Certificate which calculates the Letter of Credit Availability by giving effect to the proposed Letter of Credit, and (iii) such other Letter of Credit Documents that LC Issuer Bank then reasonably requires. LC IssuerBank, in addition to the other terms of this Agreement, will have no obligation to issue the proposed Letter of Credit if, after giving effect to such the proposed Letter of Credit, the Letter of Credit Availability will be less than zero Dollars. The making of each Letter of Credit request by Borrowing Agent any Borrower will be deemed to be a representation by each such Borrower that the Letter of Credit may be issued in accordance with, and will not violate the terms of, this Section 2.42.4.1. 1. Letters of Credit issued hereunder shall constitute a utilization of the Revolving Credit Commitments.