Common use of Non-Rata Letters of Credit Clause in Contracts

Non-Rata Letters of Credit. Any Borrower may from time to time, on any Business Day prior to the Commitment Termination Date, request that any Lender issue a letter of credit (relative to such Lender, a "Non-Rata Letter of Credit") denominated in any Available Currency. Such Lender may in its sole and absolute discretion agree to issue or not issue such Non-Rata Letter of Credit, it being understood and agreed that the Lenders' Commitments only require the making by them of Pro-Rata Revolving Loans and participation in or issuance of Pro-Rata Letters of Credit (subject to the terms and conditions contained herein). Except as otherwise provided herein and subject in each case to the satisfaction of the applicable conditions precedent set forth in Sections 6.1 and 6.2 hereof, each Non-Rata Letter of Credit shall be issued on the terms and conditions agreed to between the relevant Borrower and the relevant Lender; provided, however, that the Obligations of Micro with respect to each Pro-Rata Credit Extension shall rank pari passu with the Obligations of each Borrower with respect to each Non-Rata Letter of Credit.

Non-Rata Letters of Credit. Any Borrower may from time to time, on any Business Day prior to the Commitment Termination Date, request that any Lender issue a letter of credit (relative to such Lender, a "NonNON-Rata Letter of CreditRATA LETTER OF CREDIT") denominated in any Available CurrencyDollars or Canadian Dollars. Such Lender may in its sole and absolute discretion agree to issue or not issue such Non-Rata Letter of Credit, it being understood and agreed that the Lenders' Commitments only require the making by them of Pro-Rata Revolving Loans and participation in or issuance of Pro-Rata Letters of Credit (subject to the terms and conditions contained herein). Except as as, otherwise provided herein and subject in each case to the satisfaction of the applicable conditions precedent set forth in Sections SECTIONS 6.1 and 6.2 hereof, each Non-Rata Letter of Credit shall be issued on the terms and conditions agreed to between the relevant Borrower and the relevant Lender; provided, however, provided that the direct and contingent Obligations of Micro Borrowers with respect to each Pro-Rata Credit Extension shall rank pari passu with the direct and contingent Obligations of each Borrower with respect to each Non-Rata Letter of Credit.

Non-Rata Letters of Credit. Any Borrower may from time to time, on any Business Day prior to the Commitment Termination Date, request that any Lender issue a letter of credit (relative to such Lender, a "NonNON-Rata Letter of Credit") RATA LETTER OF CREDIT" denominated in any Available Currency. Such Lender may in its sole and absolute discretion agree to issue or not issue such Non-Rata Letter of Credit, it being understood and agreed that the Lenders' Commitments only require the making by them of Pro-Pro- Rata Revolving Loans and participation in or issuance of Pro-Rata Letters of Credit (subject to the terms and conditions contained herein). Except as as, otherwise provided herein and subject in each case to the satisfaction of the applicable conditions precedent set forth in Sections SECTIONS 6.1 and 6.2 hereof, each Non-Rata Letter of Credit shall be issued on the terms and conditions agreed to between the relevant Borrower and the relevant Lender; provided, however, provided that the direct and contingent Obligations of Micro each Primary Borrower with respect to each Pro-Rata Credit Extension shall rank pari passu with the that Primary Borrower's direct and contingent Obligations of each Borrower with respect to each Non-Rata Letter of CreditCredit for each Borrower.