Common use of Letter of Credit Subfacility Clause in Contracts

Letter of Credit Subfacility. (a) Subject to the terms and conditions set forth herein, (i) the Issuing Bank agrees in reliance upon the agreements of the other Banks set forth in this Article III, (A) from time to time, on any Business Day during the period from the Effective Date to the date which is 30 days prior to the Maturity Date to issue Letters of Credit for the account of the Borrower and its Subsidiaries, and to amend or renew Letters of Credit previously issued by it, in accordance with Sections 3.02(b) and 3.02(d), and (B) to honor drafts under the Letters of Credit; and (ii) the Banks with Revolving Commitments severally agree to participate in such Letters of Credit; provided however that the Issuing Bank shall not issue any Letter of Credit if as of the date of, and after giving effect to, the issuance of such Letter of Credit, (x) the aggregate amount of all Letter of Credit Obligations plus the aggregate principal amount of all Revolving Loans made under the Revolving Commitments shall exceed the Aggregate Revolving Commitment or (y) the Letter of Credit Obligations shall exceed the Letter of Credit Commitment.

Letter of Credit Subfacility. (a) Subject to On the terms and conditions set forth herein, herein (i) the Issuing Bank agrees in reliance upon the agreements of the other Banks set forth in this Article IIIagrees, (A) from time to time, on any Business Day during the period from the Effective Date to the date which is 30 days prior to the Maturity Date to issue Letters of Credit for the account of the Borrower and its Subsidiaries, and to amend or renew Letters of Credit previously issued by it, in accordance with Sections 3.02(b) and 3.02(d), and (B) to ---------------- ------- honor drafts under the Letters of Credit; and (ii) the Banks with Revolving Commitments severally agree to participate in such Letters of Credit; provided however that the Issuing Bank shall not issue any Letter of Credit -------- if as of the date of, and after giving effect to, the issuance of such Letter of Credit, (x) the aggregate amount of all Letter of Credit Obligations plus the aggregate principal amount of all Revolving Loans made under the Revolving Commitments shall exceed the Aggregate Revolving Commitment or (y) the Letter of Credit Obligations shall exceed the Letter of Credit Commitment.

Letter of Credit Subfacility. (a) Subject to On the terms and conditions set forth herein, herein (i) the Issuing Bank agrees Lender agrees, in reliance upon the agreements of the other Banks Revolving Lenders set forth in this Article III, (A) from time to time, on any Business Day during the period from the Effective Date to the date which is 30 thirty (30) days prior to the Maturity Date to issue Letters of Credit for the account of the Borrower and its SubsidiariesBorrower, and to amend or renew Letters of Credit previously issued by it, in accordance with Sections 3.02(b3.2(b) and 3.02(dSection 3.2(d), and (B) to honor drafts under the Letters of Credit; and (ii) the Banks with Revolving Commitments Lenders severally agree to participate in such Letters of CreditCredit issued for the account of the Borrower; provided however provided, however, that the Issuing Bank Lender shall not issue any Letter of Credit if as of the date of, and immediately after giving effect to, the issuance of such Letter of Credit, : (x1) there shall be continuing any Event of Default of which the Issuing Lender shall have received written notice from any of the Credit Parties or the Administrative Agent; (2) the aggregate amount of all Letter of Credit Obligations Obligations, plus the aggregate principal amount of all Revolving Loans made under the Revolving Commitments Loans, shall exceed the Aggregate Revolving Commitment then in effect; or (y3) the Letter of Credit Obligations shall exceed the Letter of Credit CommitmentCommitment then in effect.

Letter of Credit Subfacility. (a) Subject to On the terms and conditions set forth herein, herein (i) the Issuing Bank agrees in reliance upon the agreements of the other Banks set forth in this Article IIIagrees, (A) from time to time, on any Business Day during the period from the Effective Date to the date which is 30 days prior to the Maturity Date to issue Letters of Credit for the account of the Borrower and its Subsidiaries, and to amend or renew Letters of Credit previously issued by it, in accordance with Sections 3.02(b) and 3.02(d), and (B) to honor ---------------- ------- drafts under the Letters of Credit; and (ii) the Banks with Revolving Commitments severally agree to participate in such Letters of Credit; provided however that the Issuing Bank shall not issue any Letter of Credit -------- if as of the date of, and after giving effect to, the issuance of such Letter of Credit, (x) the aggregate amount of all Letter of Credit Obligations plus the aggregate principal amount of all Revolving Loans made ---- under the Revolving Commitments shall exceed the Aggregate Revolving Commitment or (y) the Letter of Credit Obligations shall exceed the Letter of Credit Commitment.