Common use of Maximum Letter of Credit Outstandings; Final Maturities Clause in Contracts

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, (II) the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and (ii) each Letter of Credit shall by its terms term inate on or before the earlier of (x) (A) in the case of standby Letters of Credit, the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable for successive periods of up to 12 months, but not beyond the third Business Day prior to the Final Maturity Date, on terms acceptable to such Issuing Bank) and (B) in the case of trade Letters of Credit, the date which occurs 180 days after the date of the issuance thereof and (y) three Business Days (or 30 days in the case of a trade Letter of Credit) prior to the Final Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 5,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, outstanding and (II) the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and (ii) each Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Letters of Credit, the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable extendible for successive periods of up to 12 months, but but, in each case, not beyond the third Business Day prior to the Final Revolving Loan Maturity Date, on terms acceptable to such the Issuing BankLender) and (B) in the case of trade Letters of Credit, the date which occurs 180 days after the date of the issuance thereof thereof, and (y) three Business Days (or 30 days A) in the case of a trade Letter standby Letters of Credit) , three Business Days prior to the Final Revolving Loan Maturity Date and (B) in the case of trade Letters of Credit, 30 days prior to the Revolving Loan Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 10,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, outstanding and (II) the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and (ii) each Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Letters of Credit, (A) the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable extendible for successive periods of up to 12 months, but not beyond the third Business Day prior to the Final Revolving Loan Maturity Date, on terms acceptable to such the Issuing BankLender) and (B) three Business Days prior to the Revolving Loan Maturity Date and (y) in the case of trade Letters of Credit, (A) the date which occurs 180 days after the date of the issuance thereof and (yB) three Business Days (or 30 15 days in the case of a trade Letter of Credit) prior to the Final Revolving Loan Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 5,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, (II) outstanding and the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and (ii) each Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Standby Letters of Credit, the date which occurs 12 months (or, in the case of certain Standby Letters of Credit issued on the Initial Borrowing Date, 14 months) after the date of the issuance thereof (although any such standby Standby Letter of Credit may be extendable for successive periods of up to 12 months, but not beyond the third Business Day prior to the Final Revolving Loan Maturity Date, on terms acceptable to such the Issuing Bank) and (B) in the case of trade Trade Letters of Credit, the date which occurs 180 days after the date of the issuance thereof and (y) three thirty Business Days (or 30 days in the case of a trade Letter of Credit) prior to the Final Revolving Loan Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 or (y) when added to the sum of (I) the aggregate principal amount Principal Amount of all Revolving Loans then outstanding, outstanding and (II) the aggregate principal amount Principal Amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and time, (ii) each standby Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Letters of Credit, the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable for successive periods of up to 12 months, but not beyond the third Business Day prior to the Final Maturity Date, on terms acceptable to such Issuing BankLender) and (By) in three Business Days prior to the case Final Maturity Date, and (iii) each trade Letter of trade Letters Credit shall by its terms terminate on or before the earlier of Credit, (x) the date which occurs 180 days after the date of the issuance thereof and (y) three Business Days (or 30 days in the case of a trade Letter of Credit) prior to the Final Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 20,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, outstanding and (II) the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and (ii) each Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Letters of Credit, (A) the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable extendible for successive periods of up to 12 months, but but, in each case, not beyond the third Business Day prior to the Final Revolving Loan Maturity Date, on terms acceptable to such the respective Issuing BankLender) and (B) the third Business Day prior to the Revolving Loan Maturity Date and (y) in the case of trade Letters of Credit, (A) the date which occurs 180 days after the date of the issuance thereof and (yB) three Business Days (or 30 days in the case of a trade Letter of Credit) 30th day prior to the Final Revolving Loan Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 5,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, outstanding and (II) the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and time, (ii) each standby Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Letters of Credit, the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable for successive periods of up to 12 months, but not beyond the third tenth Business Day prior to the Final Revolving Loan Maturity Date, on terms acceptable to such Issuing BankLender) and (By) in ten Business Days prior to the case Revolving Loan Maturity Date, and (iii) each trade Letter of trade Letters Credit shall by its terms terminate on or before the earlier of Credit, (x) the date which occurs 180 days after the date of the issuance thereof and (y) three Business Days (or 30 days in the case of a trade Letter of Credit) prior to the Final Revolving Loan Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 40,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, outstanding and (II) the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Total Revolving Loan Commitment at such time time, and (ii) each Letter of Credit shall by its terms term inate on or before the earlier of terminate (x) (A) in the case of standby Letters of Credit, on or before the earlier of (A) the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable extendible for successive periods of up to 12 months, but but, in each case, not beyond the third fifth Business Day prior to the Final Maturity Date, on terms acceptable to such the respective Issuing BankLender) and (B) five Business Days prior to the Maturity Date, and (y) in the case of trade Letters of Credit, on or before the earlier of (A) the date which occurs 180 days after the date of the issuance thereof and (yB) three Business Days (or 30 days in the case of a trade Letter of Credit) prior to the Final Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either any of (x) $25,000,000 or 50,000,000, (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans then outstanding, outstanding and (II) the aggregate principal amount of all Swingline Loans then outstanding and outstanding, an amount equal to the Borrowing Base Amount at such time (IIIbased on the Borrowing Base Certificate last delivered or then being delivered) or (z) when added to the sum of (I) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess Revolving Loans then outstanding and (II) the aggregate principal amount of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) all Swingline Loans then outstanding, an amount equal to the Total Revolving Loan Commitment at such time and time, (ii) each standby Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Letters of Credit, the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendable extendible for successive periods of up to 12 months, but not beyond the third fifth Business Day prior to the Final Maturity Date, on terms acceptable to such Issuing BankLender) and (By) in five Business Days prior to the case Maturity Date, and (iii) each trade Letter of trade Letters Credit shall by its terms terminate on or before the earlier of Credit, (x) the date which occurs 180 days after the date of the issuance thereof and (y) three Business Days (or 30 15 days in the case of a trade Letter of Credit) prior to the Final Maturity Date.

Maximum Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed either (x) $25,000,000 20,000,000 or (y) when added to the sum of (I) the aggregate principal amount of all Revolving Loans made by NonDefaulting Banks then outstanding, (II) outstanding and the aggregate principal amount of all Swingline Loans then outstanding and (III) the aggregate principal amount of all Foreign Subsidiary Third Party Borrowings in excess of $15,000,000 (or the Dollar Equivalent thereof in the case of Foreign Subsidiary Third Party Borrowings incurred in a currency other than Dollars) then outstanding, an amount equal to the Adjusted Total Revolving Loan Commitment at such time and (ii) each Letter of Credit shall by its terms term inate terminate on or before the earlier of (x) (A) in the case of standby Standby Letters of Credit, the earlier of (x) the date which occurs 12 months after the date of the issuance thereof (although any such standby Standby Letter of Credit may be extendable for successive periods of up to 12 months, but not beyond the third Business Day prior to the Final Revolving Loan Maturity Date, on terms acceptable to such the Issuing BankBank thereof) and (y) the third Business Day prior to the Revolving Loan Maturity Date and (B) in the case of trade Trade Letters of Credit, the earlier of (x) the date which occurs 180 360 days after the date of the issuance thereof and (y) three Business Days (or 30 days in the case of a trade Letter of Credit) prior to the Final Revolving Loan Maturity Date.