Common use of Limitations on Amounts Clause in Contracts

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Aggregate LC Exposure shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Revolving Commitment, (iii) the Revolving Credit Exposure of each Revolving Lender shall not exceed such Revolving Lender’s Commitment, (iv) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all Letters of Credit issued by any Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effect.

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Revolving Lender’s Commitment, Revolving Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectCommitment.

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Lxxxxx’s Revolving Lender’s CommitmentCredit Commitment and, (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing LenderLxxxxx’s LC Commitment then in effectand (v) not more than 20 Letters of Credit are issued and outstanding at such time.

Limitations on Amounts. A Letter of Credit shall be issued, ---------------------- amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Aggregate LC Exposure shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Revolving Commitment, (iii) the Aggregate Subsidiary Borrower Revolving Credit Exposure of each Revolving Lender Exposures shall not exceed such Revolving Lender’s Commitment, the Aggregate Subsidiary Borrower Sublimit Commitment and (iv) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all Letters of Credit issued by any Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectAmount.

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Xxxxxx’s Revolving Lender’s Credit Commitment, (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing LenderXxxxxx’s LC Commitment then in effectand (v) not more than 20 Letters of Credit are issued and outstanding at such time.

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Revolving Lender’s Commitment, Revolving Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectCommitment.

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Xxxxxx’s Revolving Lender’s Commitment, Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing LenderXxxxxx’s LC Commitment then in effect.Commitment. An Issuing Lender shall not be under any obligation to issue, amend, renew or extend any Letter of Credit if:

Limitations on Amounts. A Letter of Credit shall be issued, amended, ---------------------- renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Aggregate LC Exposure shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Revolving Commitment, (iii) the Aggregate Subsidiary Borrower Revolving Credit Exposure of each Revolving Lender Exposures shall not exceed such Revolving Lender’s Commitment, the Aggregate Subsidiary Borrower Sublimit Commitment and (iv) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all Letters of Credit issued by any Issuing Lender shall not exceed such Issuing Lender’s LC Commitment then in effectAmount.

Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended shall be created only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal renewal, extension or extension creation (i) the Aggregate total LC Exposure Exposures shall not exceed the Aggregate Letter of Credit Sublimit Amount, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Aggregate total Revolving CommitmentCredit Commitments, (iii) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Lxxxxx’s Revolving Lender’s Commitment, Credit Commitment and (iv) the aggregate face amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount and (v) the LC Obligations attributable to all outstanding Letters of Credit issued by any each Issuing Lender shall not exceed such Issuing LenderLxxxxx’s LC Commitment then in effectCommitment.

Limitations on Amounts. A Fronted Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Fronted Letter of Credit the Borrower XL Group shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Aggregate LC Credit Exposure of the Lenders shall not exceed the Aggregate Letter aggregate amount of Credit Sublimit Amountthe Commitments, (ii) the Aggregate Revolving LC Exposure of the Issuing Lender with respect to all Fronted Letters of Credit Exposure shall not exceed the Aggregate Revolving Commitment$100,000,000, (iii) the Revolving Credit Exposure of each Revolving Lender shall not exceed such Revolving Lender’s Commitment, (ivincluding their risk participations in Fronted Letters of Credit) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount Commitment of such Lender and (viv) after giving effect to the LC Obligations attributable to all Letters issuance of any such Fronted Letter of Credit issued by denominated in any Issuing Lender shall Alternative Currency, the Dollar Equivalent of the Aggregate Credit Exposure denominated in Alternative Currencies at such time will not exceed such Issuing Lender’s LC Commitment then in effectthe Aggregate Alternative Currency Limit.

Limitations on Amounts. A Fronted Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Fronted Letter of Credit the Borrower XL Group shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Aggregate LC Exposure of the Lenders shall not exceed the Aggregate Letter aggregate amount of Credit Sublimit Amountthe Commitments, (ii) the Aggregate Revolving LC Exposure of the Issuing Lender with respect to all Fronted Letters of Credit Exposure shall not exceed the Aggregate Revolving Commitment$100,000,000, (iii) the Revolving Credit LC Exposure of each Revolving Lender shall not exceed such Revolving Lender’s Commitment, (ivincluding their risk participations in Fronted Letters of Credit) the aggregate amount of Revolving Credit Exposures denominated in Foreign Currencies shall not exceed the Aggregate Foreign Currency Sublimit Dollar Amount Commitment of such Lender and (viv) after giving effect to the LC Obligations attributable to all Letters issuance of any such Fronted Letter of Credit issued by denominated in any Issuing Lender shall Alternative Currency, the Dollar Equivalent of the Aggregate LC Exposure denominated in Alternative Currencies at such time will not exceed such Issuing Lender’s LC Commitment then in effectthe Aggregate Alternative Currency Limit.