Common use of Responsibilities of the Administrative Agent; Issuance Clause in Contracts

Responsibilities of the Administrative Agent; Issuance. As of the US Business Day immediately preceding the requested issuance date of the Letter of Credit, the Administrative Agent shall determine the amount of the US Unused Letter of Credit Subfacility and US Availability or Total Excess Availability. If (i) the face amount of the requested Letter of Credit is less than the US Unused Letter of Credit Subfacility and (ii) the amount of such requested Letter of Credit and all commissions, fees, and charges due from the US Borrower in connection with the opening thereof would not exceed US Availability or Total Excess Availability, the Administrative Agent shall cause the Letter of Credit Issuer to issue the requested Letter of Credit on the requested issuance date so long as the other conditions hereof are met.

Responsibilities of the Administrative Agent; Issuance. As of the US Business Day immediately preceding the requested issuance date of the Letter of Credit, the Administrative Agent shall determine the amount of the US applicable Unused Letter of Credit Subfacility and US Availability or Total Excess Availabilityof the applicable Borrower as of such date. If (iA) the face amount of the requested Letter of Credit is less than the US Unused Letter of Credit Subfacility and (iiB) the amount of such requested Letter of Credit and all commissions, fees, and charges due from the US requesting Borrower in connection with the opening thereof would not exceed US Availability or Total Excess Availabilityof such Borrower, the Administrative Agent shall cause the Letter of Credit Issuer to issue the requested Letter of Credit on the requested issuance date so long as the other conditions hereof are met.

Responsibilities of the Administrative Agent; Issuance. As of the US Business Day immediately preceding the requested issuance date of the Letter of Credit, the Administrative Agent shall determine the amount of the US applicable Unused Letter of Credit Subfacility and US Availability or Total Excess Availability. If (i) the face amount of the requested Letter of Credit is less than the US Unused Letter of Credit Subfacility and (ii) the amount of such requested Letter of Credit and all commissions, fees, and charges due from the US Borrower Borrowers in connection with the opening thereof would not exceed US Availability or Total Excess Availability, then the Administrative Agent shall cause the Letter of Credit Issuer to issue the requested Letter of Credit on the requested issuance date so long as the other conditions hereof are met.

Responsibilities of the Administrative Agent; Issuance. As of the US Business Day immediately preceding the requested issuance date of the Letter of Credit, the Administrative Agent shall determine the amount of the US applicable Unused Letter of Credit Subfacility and US Availability or Total Excess Availabilityof the applicable Borrower as of such date. If (iA) the face amount of the requested Letter of Credit is less than the US Unused Letter of Credit Subfacility and (iiB) the amount of such requested Letter of Credit and all commissions, fees, fees and charges due from the US requesting Borrower in connection with the opening thereof would not exceed US Availability or Total Excess Availabilityof such Borrower, the Administrative Agent shall cause the Letter of Credit Issuer to issue the requested Letter of Credit on the requested issuance date so long as the other conditions hereof are met.