Common use of Multicurrency Letters of Credit Clause in Contracts

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European Borrower may request, on behalf of itself or any Subsidiary Borrower, that any Facing Agent (other than the Canadian Facing Agent) issue, at any time and from time to time on and after the Initial Borrowing Date, and prior to the 30th Business Day preceding the Revolver Termination Date for the Multicurrency Revolving Facility, (x) for the account of such Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for any such holder) of LC Supportable Indebtedness of such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars), in a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Letter of Credit”, and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings and its Subsidiaries; provided, however, no Multicurrency Letter of Credit shall be issued the Dollar Equivalent of the Stated Amount of which, (i) when added to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Multicurrency Letters of Credit which are repaid on or prior to the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time), would exceed either (x) $200,000,000 or (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans of such Borrower, such Borrower’s Euro Revolving Sublimit

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forthforth herein, U.S. Borrower or European Borrower may request(i) each Issuing Bank agrees, on behalf in each case in reliance upon the agreements of itself or any Subsidiary Borrowerthe other Revolving Lenders set forth in this Section 2.05, that any Facing Agent (other than the Canadian Facing AgentA) issue, at any time and from time to time on and after any Business Day during the Initial Borrowing Date, and period from the Closing Date to the fifth Business Day prior to the 30th Business Day preceding Revolving Credit Maturity Date, upon the Revolver Termination Date for request of the Lead Borrower, to issue Multicurrency Revolving Facility, (x) Letters of Credit issued only for the account of such the Lead Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for Restricted Subsidiary; provided that to the extent that any such holderRestricted Subsidiary is not a Loan Party, such Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and shall only be issued so long as it is permitted under Section 6.06) and to amend or renew Multicurrency Letters of LC Supportable Indebtedness of such Borrower or any of its SubsidiariesCredit previously issued by it, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollarsaccordance with Section 2.05(b), in a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (yB) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Letter of Credit”, and together with to honor drafts under the Multicurrency Standby Letters of Credit, and (ii) the “Multicurrency Revolving Lenders severally agree to participate in the Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings Credit issued pursuant to Section 2.05(d). On and its Subsidiaries; providedafter the Closing Date, however, no each Existing Multicurrency Letter of Credit shall be deemed to be a Multicurrency Letter of Credit issued hereunder on the Dollar Equivalent Closing Date for all purposes under this Agreement and the other Loan Documents, subject to the last sentence of Section 2.05(b). Multicurrency Letters of Credit will be issued on a serial basis by each Primary Issuing Bank, in each case, at the direction of the Stated Amount of whichAdministrative Agent, with (i) when added such issuance to result in the Primary Issuing Banks sharing (to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating extent reasonably practicable) ratably in the aggregate exposure with respect to Multicurrency Letters of Credit which are repaid on or prior to and (ii) the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time)exposure of each Primary Issuing Bank to be subject to an individual sub-limit, would exceed either (x) $200,000,000 or (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loanswhich shall be $10,000,000 for RBC and $5,000,000 for JPM, Swing Line Loans and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans of such Borrowerin either case, such other amounts from time to time as otherwise mutually agreed to by each such Primary Issuing Bank and the Lead Borrower. For the avoidance of doubt, Existing Multi-Currency Letters of Credit of a Primary Issuing Bank shall count towards such Primary Issuing Bank’s Euro Revolving Sublimitindividual sub-limit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European Borrower Borrowers’ Agent may request, on behalf of itself or any Subsidiary BorrowerMulticurrency Revolving Borrower (other than O-I Canada; provided, however, that Borrowers’ Agent may request that a Letter of Credit be issued for the account of Xxxxx-Xxxxxxxx which will support an obligation of O-I Canada), that any Facing Agent Issuing Lender issue (other than and the Canadian Facing Agent) Issuing Lenders hereby agree to issue), at any time and from time to time on and after the Initial Borrowing Closing Date, and prior to the 30th Business Day preceding the Revolver Termination Date for the Multicurrency Revolving Facility, Facility (x) for the account of such Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for any such holder) of LC Supportable Indebtedness of such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars)Currency, in a form customarily used by such Facing AgentIssuing Lender, or in such other form as has been approved by such Facing Agent Issuing Lender (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. such Borrower and in support of trade obligations of U.S. such Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent Issuing Lender or in such other form as has been approved by such Facing Agent Issuing Lender (each such commercial letter of credit, a “Multicurrency Commercial Letter of Credit”, ,” and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings Company and its Subsidiaries; provided, however, no Multicurrency Letter of Credit shall be issued the Dollar Equivalent of the Stated Amount of which, (i) when added to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Multicurrency Letters of Credit which are repaid on or prior to the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time), would exceed either (x) when aggregated with all Dollar Letters of Credit issued pursuant to Section 2.11(a)(ii) below, $200,000,000 or 350,000,000 (or, in the case of Multicurrency Standby Letters of Credit, when aggregated with all Dollar Standby Letters of Credit issued pursuant to Section 2.11(a)(ii) below for Restricted Standby Letter of Credit Purposes, $200,000,000), (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans Overdraft Amounts and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time time, or (z) without the consent of the applicable Issuing Lender (other than with respect to the Existing Letters of Credit on the Closing Date), with respect to Letters of Credit issued by such Issuing Lender, the Letter of Credit Issuer Sublimit of such Issuing Lender or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans Overdraft Amounts of such Borrower, such Borrower’s Euro Multicurrency Revolving Sublimit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forthforth herein, U.S. Borrower or European Borrower may request(i) each Issuing Bank agrees, on behalf in each case in reliance upon the agreements of itself or any Subsidiary Borrowerthe other Revolving Lenders set forth in this Section 2.05, that any Facing Agent (other than the Canadian Facing AgentA) issue, at any time and from time to time on and after any Business Day during the Initial Borrowing Date, and period from the Closing Date to the fifth Business Day prior to the 30th Business Day preceding Revolving Credit Maturity Date, upon the Revolver Termination Date for request of the Lead Borrower, to issue Multicurrency Revolving Facility, (x) Letters of Credit issued only for the account of such the Lead Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for Restricted Subsidiary; provided that to the extent that any such holder) of LC Supportable Indebtedness of Restricted Subsidiary is not a Loan Party, such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars), in a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Letter of Credit”, and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings and its Subsidiaries; provided, however, no Multicurrency Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and shall only be issued so long as it is permitted under Section 6.06) (provided that any Commercial Letter of Credit under the Dollar Equivalent of the Stated Amount of which, Multicurrency Revolving Facility shall only be issued by JPM (or a successor thereto appointed pursuant to clause (i) when added of this Section 2.05 and which agrees to issue such Commercial Letters of Credit) and shall not exceed at any time an amount equal to (x) $10,000,000 minus (y) the aggregate amount of any outstanding Commercial Letters of Credit issued under the Dollar Revolving Facility ; provided, further, that the Lead Borrower will be the applicant) and to amend or renew Multicurrency Letters of Credit previously issued by it, in accordance with Section 2.05(b), and (B) to honor drafts under the Multicurrency Letters of Credit, and (ii) the Multicurrency Revolving Lenders severally agree to participate in the Multicurrency Letters of Credit issued pursuant to Section 2.05(d). Multicurrency Letters of Credit will be issued on a serial basis by each Primary Issuing Bank, in each case, at the direction of the Administrative Agent, with (i) such issuance to result in the Primary Issuing Banks sharing (to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating extent reasonably practicable) ratably in the aggregate exposure with respect to Multicurrency Letters of Credit which are repaid on or prior to and (ii) the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time)exposure of each Primary Issuing Bank to be subject to an individual sub-limit, would exceed either (x) $200,000,000 or (y) when added to the Dollar Equivalent of which shall be $7,500,000 for DBNY, $7,500,000 for CS, $7,500,000 for JPM and $7,500,000 for RBC or in such other amounts from time to time as otherwise mutually agreed to by each such Primary Issuing Bank and the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans of such Lead Borrower, such Borrower’s Euro Revolving Sublimit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European Borrower Borrowers’ Agent may request, on behalf of itself or any Subsidiary BorrowerBorrower (other than O-I Canada; provided, however, that Borrowers’ Agent may request that a Letter of Credit be issued for the account of Xxxxx-Xxxxxxxx which will support an obligation of O-I Canada), that any Facing Agent Issuing Lender issue (other than and the Canadian Facing Agent) Issuing Lenders hereby agree to issue), at any time and from time to time on and after the Initial Borrowing Closing Date, and prior to the 30th Business Day preceding the Revolver Termination Date for the Multicurrency Revolving Facility, Facility (x) for the account of such Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for any such holder) of LC Supportable Indebtedness of such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars)Currency, in a form customarily used by such Facing AgentIssuing Lender, or in such other form as has been approved by such Facing Agent Issuing Lender (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. such Borrower and in support of trade obligations of U.S. such Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent Issuing Lender or in such other form as has been approved by such Facing Agent Issuing Lender (each such commercial letter of credit, a “Multicurrency Commercial Letter of Credit”, ,” and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings the Company and its Subsidiaries; provided, however, no Multicurrency Letter of Credit shall be issued the Dollar Equivalent of the Stated Amount of which, (i) when added to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Multicurrency Letters of Credit which are repaid on or prior to the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time), would exceed either (x) when aggregated with all Dollar Letters of Credit issued pursuant to Section 2.10(a)(ii) below, $200,000,000 or 350,000,000 (or, in the case of Multicurrency Standby Letters of Credit, when aggregated with all Dollar Standby Letters of Credit issued pursuant to Section 2.10(a)(ii) below for Restricted Standby Letter of Credit Purposes, $200,000,000), (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans Overdraft Amounts and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time time, or (z) without the consent of the applicable Issuing Lender (other than with respect to the Existing Letters of Credit on the Closing Date; provided, that the consent of DB will be required for any modification, extension, renewal or other change to the term or tenor of any of the Existing Letters of Credit after the Closing Date), with respect to Letters of Credit issued by such Issuing Lender, the Letter of Credit Issuer Sublimit of such Issuing Lender or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans Overdraft Amounts of such Borrower, such Borrower’s Euro Multicurrency Revolving Sublimit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European (a) The Canadian Revolver Borrower may requestrequest the issuance of Multicurrency Letters of Credit on a sight basis for its own account or for the account of any of its subsidiaries, on behalf of itself or any Subsidiary Borrower, that any Facing in a form reasonably acceptable to the Administrative Agent (other than and the Canadian Facing Agent) issuerelevant Multicurrency Issuing Bank, at any time and from time to time on and or after the Initial Borrowing Date, Closing Date and prior to the 30th Business Day preceding earlier to occur of (i) the Revolver Termination Date for termination of the Multicurrency Revolving Facility, Credit Commitments and (xii) for the account date that is 5 Business Days prior to the Revolving Credit Maturity Date. This Section shall not be construed to impose an obligation upon any Multicurrency Issuing Bank to issue any Multicurrency Letter of such Borrower Credit that is inconsistent with the terms and for conditions of this Agreement. Multicurrency Letters of Credit may be denominated in US Dollars or in one or more Alternate Borrowing Currencies. (b) In order to request the benefit issuance of any holder a Multicurrency Letter of Credit (or any trusteeto amend, agent renew or other similar representative for any such holder) extend an existing Multicurrency Letter of LC Supportable Indebtedness of such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian DollarsCredit), in the Canadian Revolver Borrower shall deliver a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent notice (each such standby letter of credit, a “Multicurrency Standby Letter of Credit Application”) to the relevant Multicurrency Issuing Bank and the Administrative Agent (reasonably, and in any event, unless waived by the relevant Multicurrency Issuing Bank, no later than 2 Business Days in advance of the requested date of issuance, amendment, renewal or extension) requesting the issuance of a Multicurrency Letter of Credit”, or identifying the Multicurrency Letter of Credit to be amended, renewed or extended and specifying (i) the date of issuance, amendment, renewal or extension, (ii) the date on which such Multicurrency Letter of Credit is to expire (which shall comply with paragraph (c) below), in support (iii) the amount of LC Supportable Indebtedness and (y) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Multicurrency Letter of Credit”, if applicable pursuant to Section 1.10, (iv) the currency in which such Multicurrency Letter of Credit is requested to be denominated, (v) the name and together address of the beneficiary thereof and (vi) such other information as the relevant Multicurrency Issuing Bank may request with the respect to such Multicurrency Standby Letters Letter of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings and its Subsidiaries; provided, however, no . A Multicurrency Letter of Credit shall be issued issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Multicurrency Letter of Credit the Dollar Equivalent of the Stated Amount of whichCanadian Revolver Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) when added the Multicurrency L/C Exposure shall not exceed $25,000,000 and (ii) the Aggregate Multicurrency Revolving Credit Exposure shall not exceed the Total Multicurrency Revolving Credit Commitment. Promptly after receipt of any Multicurrency Letter of Credit Application, the relevant Multicurrency Issuing Bank will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Multicurrency Letter of Credit Application from the Canadian Revolver Borrower and, if not, such Multicurrency Issuing Bank will provide the Administrative Agent with a copy thereof. Subject to the Effective Amount of all terms and conditions hereof, such Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Issuing Bank shall, on the requested date, issue a Multicurrency Letters Letter of Credit which are repaid for the account of the Canadian Revolver Borrower or enter into the applicable amendment, as the case may be. Promptly after its delivery of any Multicurrency Letter of Credit or any amendment to a Multicurrency Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the relevant Multicurrency Issuing Bank will also deliver to the Canadian Revolver Borrower and the Administrative Agent a true and complete copy of such Multicurrency Letter of Credit or amendment. (c) Each Multicurrency Letter of Credit shall expire at the close of business on or the earlier of the date 1 year after the date of the issuance of such Multicurrency Letter of Credit and the date that is 5 Business Days prior to the Revolving Credit Maturity Date, unless such Multicurrency Letter of Credit expires by its terms on an earlier date of(such date of expiration, and the “Multicurrency Letter of Credit Expiration Date”); provided, however, that a Multicurrency Letter of Credit may, upon the request of the Canadian Revolver Borrower, include a provision whereby such Multicurrency Letter of Credit (an “Auto-Renewal Multicurrency Letter of Credit”) shall be renewed automatically for additional consecutive periods of 12 months or less (but not beyond the date that is 5 Business Days prior to the issuance ofRevolving Credit Maturity Date) unless the relevant Multicurrency Issuing Bank notifies the beneficiary thereof at least 30 days (or such longer period as may be specified in such Multicurrency Letter of Credit) prior to the then-applicable Multicurrency Letter of Credit Expiration Date that such Multicurrency Letter of Credit will not be renewed. Once an Auto-Renewal Multicurrency Letter of Credit has been issued, the respective Multicurrency Revolving Credit Lenders shall be deemed to have authorized (but may not require) the relevant Multicurrency Issuing Bank to permit the renewal of such Multicurrency Letter of Credit at any time to an expiry date not later than the Multicurrency Letter of Credit Expiration Date; provided that the relevant Multicurrency Issuing Bank shall not permit any such time), renewal if (i) the relevant Multicurrency Issuing Bank has determined that it would exceed either have no obligation at such time to issue such Multicurrency Letter of Credit in its renewed form under the terms hereof (xby reason of the provisions of Section 2.25(l) $200,000,000 or otherwise) or (yii) when added it has received notice (which may be by telephone or in writing) 5 Business Days prior to the Dollar Equivalent day that is 30 days (or such longer period as may be specified in such Multicurrency Letter of Credit) prior to the then-applicable Multicurrency Letter of Credit Expiration Date from the Administrative Agent, any Multicurrency Revolving Credit Lender or the Canadian Revolver Borrower that one or more of the applicable conditions specified in Section 4.01 is not then satisfied. (d) By the issuance of a Multicurrency Letter of Credit and without any further action on the part of an Multicurrency Issuing Bank or the Lenders, such Multicurrency Issuing Bank hereby grants to each Multicurrency Revolving Credit Lender, and each such Lender hereby acquires from such Multicurrency Issuing Bank, a participation in such Multicurrency Letter of Credit equal to such Lender’s Pro Rata Percentage of the aggregate principal amount available to be drawn under such Multicurrency Letter of all Credit, effective upon the issuance of such Multicurrency Letter of Credit. In consideration and in furtherance of the foregoing, each Multicurrency Revolving LoansCredit Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, Swing Line Loans for the account of such Multicurrency Issuing Bank, such Lender’s Pro Rata Percentage of each Multicurrency L/C Disbursement made by such Multicurrency Issuing Bank and not reimbursed by the Canadian Revolver Borrower (or, if applicable, another party pursuant to its obligations under any other Loan Document) forthwith on the date due as provided in Section 2.02(f). Each Multicurrency LC Obligations then outstanding Revolving Credit Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Multicurrency Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Upon any change in the Multicurrency Revolving Credit Commitments or Pro Rata Percentages of the Multicurrency Revolving Credit Lenders pursuant to Section 2.22 or 9.04(b), it is hereby agreed that, with respect to all Borrowersoutstanding Letters of Credit and unreimbursed Multicurrency L/C Disbursements relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2.25(d) to reflect the new Pro Rata Percentages of each Multicurrency Revolving Credit Lender. (e) If a Multicurrency Issuing Bank shall make any Multicurrency L/C Disbursement in respect of a Multicurrency Letter of Credit, the Total Canadian Revolver Borrower shall pay to the Administrative Agent an amount equal to such Multicurrency Revolving Commitment L/C Disbursement not later than 12:00 noon on the immediately following Business Day. In the case of a Multicurrency Letter of Credit denominated in an Alternate Borrowing Currency, the Canadian Revolver Borrower shall reimburse the relevant Multicurrency Issuing Bank in the relevant Borrowing Alternate Currency on the date of such Multicurrency L/C Disbursement. The Multicurrency Issuing Bank shall notify the Canadian Revolver Borrower of the amount of the drawing promptly following the determination thereof. (i) The Canadian Revolver Borrower’s obligations to reimburse Multicurrency L/C Disbursements as provided in paragraph (e) above shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, under any and all circumstances whatsoever, and irrespective of the existence of any claim, setoff, defense or other right that the Canadian Revolver Borrower or any other Person may at any time have against the beneficiary under any Multicurrency Letter of Credit, the Multicurrency Issuing Bank, the Administrative Agent or any Lender or any other Person, including any defense based on the failure of any draft or other document presented under a Multicurrency Letter of Credit to comply with the terms of such time Multicurrency Letter of Credit; provided that the Canadian Revolver Borrower shall not be obligated to reimburse the Multicurrency Issuing Bank for any wrongful payment made by the Multicurrency Issuing Bank as a result of the Multicurrency Issuing Bank’s gross negligence, bad faith, willful misconduct or breach of its obligations in determining whether drafts and other documents presented under a Multicurrency Letter of Credit comply with the terms thereof. (ii) when added Each Lender and the Canadian Revolver Borrower agree that, in paying any drawing under a Multicurrency Letter of Credit, the relevant Multicurrency Issuing Bank shall not have any responsibility to obtain any document (other than any draft, demand, certificate or other document expressly required by the Multicurrency Letter of Credit) or to ascertain or inquire as to the Dollar Equivalent validity or accuracy of any such document or the authority of the aggregate principal amount Person executing or delivering any such document. None of the Multicurrency Issuing Banks, any Agent-Related Person nor any of the respective correspondents, participants or assignees of any Multicurrency Issuing Bank shall be liable to any Lender for (x) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable, (y) any action taken or omitted in the absence of gross negligence or willful misconduct or (z) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Multicurrency Letter of Credit or Multicurrency Letter of Credit Application. The Canadian Revolver Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Multicurrency Letter of Credit; provided that this assumption is not intended to, and shall not, preclude the Canadian Revolver Borrower from pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. (g) The relevant Multicurrency Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Multicurrency Letter of Credit. The relevant Multicurrency Issuing Bank shall as promptly as possible give telephonic notification, confirmed by fax, to the Administrative Agent and the Canadian Revolver Borrower of such demand for payment and whether such Multicurrency Issuing Bank has made or will make a Multicurrency L/C Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Canadian Revolver Borrower of its obligations to reimburse such Multicurrency Issuing Bank and the Multicurrency Revolving LoansCredit Lenders with respect to any such Multicurrency L/C Disbursement. (h) If a Multicurrency Issuing Bank shall make any Multicurrency L/C Disbursement in respect of a Multicurrency Letter of Credit, Original Euro Revolving Loansthen, unless the Canadian Revolver Borrower shall reimburse such Multicurrency LC Obligations L/C Disbursement in full on the same day that such Multicurrency L/C Disbursement is made, the unpaid amount thereof shall bear interest for the account of a Multicurrency Issuing Bank, for each day from and Swing Line Loans including the date of such BorrowerMulticurrency L/C Disbursement, to but excluding the earlier of the date of payment by the Canadian Revolver Borrower or the date on which interest shall commence to accrue thereon as provided in Section 2.02(f), at the rate per annum that would apply to such Borrower’s Euro amount if such amount were an ABR US Revolving SublimitLoan. (i) A Multicurrency Issuing Bank may be removed at any time by the Canadian Revolver Borrower by notice from the Canadian Revolver Borrower to such Multicurrency Issuing Bank, the Administrative Agent and the Lenders. Upon the acceptance of any appointment as a Multicurrency Issuing Bank hereunder by a Lender that shall agree to serve

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European Borrower may request, on behalf of itself or any Subsidiary Borrower, that any Facing Agent (other than the Canadian Facing Agent) issue, at any time and from time to time on and after the Initial Borrowing Effective Date, and prior to the 30th 5th Business Day preceding the Revolver Termination Date for the Multicurrency Revolving Facility, (x) for the account of such Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for any such holder) of LC Supportable Indebtedness obligations of such Borrower or Borrower, any of its SubsidiariesSubsidiaries or any Unrestricted Entities (in the case of Unrestricted Entities, an irrevocable standby subject to the limitation on Investments in Unrestricted Entities set forth in Section 8.4(m)), a letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars), in a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Letter of Credit”, and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings and its Subsidiaries); provided, however, no Multicurrency Letter of Credit shall be issued the Dollar Equivalent of the Stated Amount of which, (i) when added to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Multicurrency Letters of Credit which are repaid on or prior to the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time), would exceed either (x) $200,000,000 or (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time provided, further, that the aggregate face amount of all Multicurrency Letters of Credit issued and outstanding by any Facing Agent shall not exceed such Facing Agent’s Applicable LC Sublimit or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans of such Borrower, such Borrower’s Euro Multicurrency Revolving Sublimit. Notwithstanding anything to the contrary in this Section 2.10, at the request of the applicable requesting Borrower, any Multicurrency Letter of Credit may contain a statement to the effect that such Multicurrency Letter of Credit is issued for the account of Crown Holdings, any of its Subsidiaries or any Unrestricted Entity; provided that notwithstanding such statement, such requesting Borrower shall be the actual account party for all purposes of the Loan Documents for such Multicurrency Letter of Credit and such statement shall not affect such requesting Borrower’s reimbursement obligations hereunder with respect to such Multicurrency Letter of Credit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forthforth herein, U.S. Borrower or European Borrower may request(i) each Issuing Bank agrees, on behalf in each case in reliance upon the agreements of itself or any Subsidiary Borrowerthe other Initial Revolving Lenders set forth in this Section 2.05, that any Facing Agent (other than the Canadian Facing AgentA) issue, at any time and from time to time on and after any Business Day during the Initial Borrowing Date, and period from the Closing Date to the fifth Business Day prior to the 30th Business Day preceding Revolving Credit Maturity Date, upon the Revolver Termination Date for request of the Lead Borrower, to issue Multicurrency Revolving Facility, (x) Letters of Credit issued only for the account of such the Lead Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for Restricted Subsidiary; provided that to the extent that any such holderRestricted Subsidiary is not a Loan Party, such Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and shall only be issued so long as it is permitted under Section 6.06) and to amend or renew Multicurrency Letters of LC Supportable Indebtedness of such Borrower or any of its SubsidiariesCredit previously issued by it, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollarsaccordance with Section 2.05(b), in a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (yB) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Letter of Credit”, and together with to honor drafts under the Multicurrency Standby Letters of Credit, and (ii) the “Multicurrency Revolving Lenders severally agree to participate in the Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings Credit issued pursuant to Section 2.05(d). On and its Subsidiaries; providedafter the Closing Date, however, no each Existing Multicurrency Letter of Credit shall be deemed to be a Multicurrency Letter of Credit issued hereunder on the Dollar Equivalent Closing Date for all purposes under this Agreement and the other Loan Documents, subject to the last sentence of Section 2.05(b). Multicurrency Letters of Credit will be issued on a serial basis by each Primary Issuing Bank, in each case, at the direction of the Stated Amount of whichAdministrative Agent, with (i) when added such issuance to result in the Primary Issuing Banks sharing (to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating extent reasonably practicable) ratably in the aggregate exposure with respect to Multicurrency Letters of Credit which are repaid on or prior to and (ii) the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time)exposure of each Primary Issuing Bank to be subject to an individual sub-limit, would exceed either (x) $200,000,000 or (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loanswhich shall be $10,000,000 for RBC and $5,000,000 for JPM, Swing Line Loans and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans of such Borrowerin either case, such other amounts from time to time as otherwise mutually agreed to by each such Primary Issuing Bank and the Lead Borrower. For the avoidance of doubt, Existing Multi-Currency Letters of Credit of a Primary Issuing Bank shall count towards such Primary Issuing Bank’s Euro Revolving Sublimitindividual sub-limit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European Borrower Borrowers’ Agent may request, on behalf of itself or any Subsidiary BorrowerBorrower (other than O-I Canada; provided, however, that Borrowers’ Agent may request that a Letter of Credit be issued for the account of Xxxxx-Xxxxxxxx which will support an obligation of O-I Canada), that any Facing Agent Issuing Lender issue (other than and the Canadian Facing Agent) Issuing Lenders hereby agree to issue), at any time and from time to time on and after the Initial Borrowing Closing Date, and prior to the 30th Business Day preceding the Revolver Termination Date for the Multicurrency Revolving Facility, Facility (x) for the account of such Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for any such holder) of LC Supportable Indebtedness of such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars)Currency, in a form customarily used by such Facing AgentIssuing Lender, or in such other form as has been approved by such Facing Agent Issuing Lender (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. such Borrower and in support of trade obligations of U.S. such Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent Issuing Lender or in such other form as has been approved by such Facing Agent Issuing Lender (each such commercial letter of credit, a “Multicurrency Commercial Letter of Credit”, ,” and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings the Company and its Subsidiaries; provided, however, no Multicurrency Letter of Credit shall be issued the Dollar Equivalent of the Stated Amount of which, (i) when added to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Multicurrency Letters of Credit which are repaid on or prior to the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time), would exceed either (x) when aggregated with all Dollar Letters of Credit issued pursuant to Section 2.10(a)(ii) below, $200,000,000 or 350,000,000 (or, in the case of Multicurrency Standby Letters of Credit, when aggregated with all Dollar Standby Letters of Credit issued pursuant to Section 2.10(a)(ii) below for Restricted Standby Letter of Credit Purposes, $200,000,000), (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans Overdraft Amounts and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time time, or (z) without the consent of the applicable Issuing Lender (other than with respect to the Existing Letters of Creditthe Existing Letters of Credit on the Closing Date; provided, that the consent of DB will be required for any modification, extension, renewal or other change to the term or tenor of any of the Existing Letters of Credit the Existing Letters of Credit after the Closing Date), with respect to Letters of Credit issued by such Issuing Lender, the Letter of Credit Issuer Sublimit of such Issuing Lender or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans Overdraft Amounts of such Borrower, such Borrower’s Euro Multicurrency Revolving Sublimit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European Borrower Borrowers’ Agent may request, on behalf of itself or any Subsidiary BorrowerMulticurrency Revolving Borrower (other than O-I Canada; provided, however, that Borrowers’ Agent may request that a Letter of Credit be issued for the account of Oxxxx-Xxxxxxxx which will support an obligation of O-I Canada), that any Facing Agent Issuing Lender issue (other than and the Canadian Facing Agent) Issuing Lenders hereby agree to issue), at any time and from time to time on and after the Initial Borrowing Closing Date, and prior to the 30th Business Day preceding the Revolver Termination Date for the Multicurrency Revolving Facility, Facility (x) for the account of such Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for any such holder) of LC Supportable Indebtedness of such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars)Currency, in a form customarily used by such Facing AgentIssuing Lender, or in such other form as has been approved by such Facing Agent Issuing Lender (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. such Borrower and in support of trade obligations of U.S. such Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent Issuing Lender or in such other form as has been approved by such Facing Agent Issuing Lender (each such commercial letter of credit, a “Multicurrency Commercial Letter of Credit”, ,” and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings Company and its Subsidiaries; provided, however, no Multicurrency Letter of Credit shall be issued the Dollar Equivalent of the Stated Amount of which, (i) when added to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Multicurrency Letters of Credit which are repaid on or prior to the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time), would exceed either (x) when aggregated with all Dollar Letters of Credit issued pursuant to Section 2.11(a)(ii) below, $200,000,000 or 350,000,000 (or, in the case of Multicurrency Standby Letters of Credit, when aggregated with all Dollar Standby Letters of Credit issued pursuant to Section 2.11(a)(ii) below for Restricted Standby Letter of Credit Purposes, $200,000,000), (y) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans Overdraft Amounts and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time time, or (z) without the consent of the applicable Issuing Lender (other than with respect to the Existing Letters of Credit on the Closing Date), with respect to Letters of Credit issued by such Issuing Lender, the Letter of Credit Issuer Sublimit of such Issuing Lender or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans Overdraft Amounts of such Borrower, such Borrower’s Euro Multicurrency Revolving Sublimit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forth, U.S. Borrower or European each Multicurrency Revolving Borrower may request, on behalf of itself or any Subsidiary Borroweror Unrestricted Entity, that any Facing Agent (other than the Canadian Facing Agent) issue, at any time and from time to time on and after the Initial Borrowing Date, and prior to the 30th Business Day preceding the Revolver Termination Date for during the Multicurrency Revolving FacilityCommitment Period, (x) for the account of such Multicurrency Revolving Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for any such holder) of LC Supportable Indebtedness obligations of such Borrower one or more of the Multicurrency Revolving Borrowers, any of its Subsidiariestheir Subsidiaries and any Unrestricted Entities (in the case of Unrestricted Entities, an irrevocable standby letter subject to the limitation on Investments in Unrestricted Entities set forth in Section 8.7(k)), a Multicurrency Letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars)Credit, in a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Letter of Credit”, and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings and its Subsidiariesobligations; provided, however, that no Multicurrency Letter of Credit shall be issued the Dollar Equivalent of the Stated Amount of which, (i) when added to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating to Multicurrency Letters of Credit which are repaid on or prior to the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit Credit) at such time), would exceed either the lesser of (x1) $200,000,000 25,000,000 or (y2) when added to the Dollar Equivalent of the aggregate principal amount Effective Amount of all Multicurrency Revolving Loans, Loans and Multicurrency Swing Line Loans and Multicurrency LC Obligations then outstanding with respect to all Multicurrency Revolving Borrowers, the Total Multicurrency Revolving Commitment Commitments at such time or time; provided, further, that (iix) when added to the Dollar Equivalent of the aggregate principal face amount of all outstanding Multicurrency Letters of Credit issued by any Facing Agent shall not exceed such Facing Agent’s Applicable LC Sublimit in respect of Multicurrency Letters of Credit and (y) the aggregate face amount of all Multicurrency Letters of Credit issued and outstanding for the account of any Multicurrency Revolving LoansBorrower shall not exceed, Original Euro when added without duplication to the aggregate Effective Amount of all Multicurrency Revolving Loans, Multicurrency LC Obligations and Multicurrency Swing Line Loans of such Multicurrency Revolving Borrower, such Multicurrency Revolving Borrower’s Euro Revolving Available Multicurrency Revolver Sublimit.

Multicurrency Letters of Credit. Subject to and upon the terms and conditions herein set forthforth herein, U.S. Borrower or European Borrower may request(i) each Issuing Bank agrees, on behalf in each case in reliance upon the agreements of itself or any Subsidiary Borrowerthe other Revolving Lenders set forth in this Section 2.05, that any Facing Agent (other than the Canadian Facing AgentA) issue, at any time and from time to time on and after any Business Day during the Initial Borrowing Date, and period from the Closing Date to the fifth Business Day prior to the 30th Business Day preceding Revolving Credit Maturity Date, upon the Revolver Termination Date for request of the Lead Borrower, to issue Multicurrency Revolving Facility, (x) Letters of Credit issued only for the account of such the Lead Borrower and for the benefit of any holder (or any trustee, agent or other similar representative for Restricted Subsidiary; provided that to the extent that any such holder) of LC Supportable Indebtedness of Restricted Subsidiary is not a Loan Party, such Borrower or any of its Subsidiaries, an irrevocable standby letter of credit in Dollars or an Alternative Currency (other than Canadian Dollars), in a form customarily used by such Facing Agent, or in such other form as has been approved by such Facing Agent (each such standby letter of credit, a “Multicurrency Standby Letter of Credit”), in support of LC Supportable Indebtedness and (y) for the account of U.S. Borrower and in support of trade obligations of U.S. Borrower or any of its Subsidiaries, an irrevocable sight letter of credit in a form customarily used by such Facing Agent or in such other form as has been approved by such Facing Agent (each such commercial letter of credit, a “Commercial Letter of Credit”, and together with the Multicurrency Standby Letters of Credit, the “Multicurrency Letters of Credit”) in support of commercial transactions of Crown Holdings and its Subsidiaries; provided, however, no Multicurrency Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and shall only be issued so long as it is permitted under Section 6.06) (provided that any Commercial Letter of Credit under the Dollar Equivalent of the Stated Amount of which, Multicurrency Revolving Facility shall only be issued by JPM (or a successor thereto appointed pursuant to clause (i) when added of this Section 2.05 and which agrees to issue such Commercial Letters of Credit) and shall not exceed at any time an amount equal to (x) $10,000,000 minus (y) the aggregate amount of any outstanding Commercial Letters of Credit issued under the Dollar Revolving Facility; provided, further, that the Lead Borrower will be the applicant) and to amend or renew Multicurrency Letters of Credit previously issued by it, in accordance with Section 2.05(b), and (B) to honor drafts under the Multicurrency Letters of Credit, and (ii) the Multicurrency Revolving Lenders severally agree to participate in the Multicurrency Letters of Credit issued pursuant to Section 2.05(d). Multicurrency Letters of Credit will be issued on a serial basis by each Primary Issuing Bank, in each case, at the direction of the Administrative Agent, with (i) such issuance to result in the Primary Issuing Banks sharing (to the Effective Amount of all Multicurrency LC Obligations (exclusive of Unpaid Drawings relating extent reasonably practicable) ratably in the aggregate exposure with respect to Multicurrency Letters of Credit which are repaid on or prior to and (ii) the date of, and prior to the issuance of, the respective Multicurrency Letter of Credit at such time)exposure of each Primary Issuing Bank to be subject to an individual sub-limit, would exceed either (x) $200,000,000 or (y) when added to the Dollar Equivalent of which shall be $10 million for DBNY, $10 million for CS and $10 million for JPM or in such other amounts from time to time as otherwise mutually agreed to by each such Primary Issuing Bank and the aggregate principal amount of all Multicurrency Revolving Loans, Swing Line Loans and Multicurrency LC Obligations then outstanding with respect to all Borrowers, the Total Multicurrency Revolving Commitment at such time or (ii) when added to the Dollar Equivalent of the aggregate principal amount of all Multicurrency Revolving Loans, Original Euro Revolving Loans, Multicurrency LC Obligations and Swing Line Loans of such Lead Borrower, such Borrower’s Euro Revolving Sublimit.