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

Responsibilities of the Agent; Issuance. As of the Business Day immediately preceding the requested issuance date of each Letter of Credit, the Agent shall determine the amount of the Unused Letter of Credit Subfacility and the then-current Availability as of such date. If (A) the aggregate amount of the requested Letter of Credit for the term of such Letter of Credit (including any increases in amount referenced therein) is less than the Unused Letter of Credit Subfacility and (B) the amount of such requested Letter of Credit would not exceed the then-current Availability, the Agent shall inform the applicable Letter of Credit Issuer that it may issue the requested Letter of Credit on the requested issuance date so long as the other conditions to such issuance set forth in this Agreement are met.

Responsibilities of the Agent; Issuance. As of the Business Day immediately preceding the requested issuance date of each the Letter of Credit, the Agent shall determine the amount of the applicable Unused Letter of Credit Subfacility and Subfacility, the then-current amount of Availability as and, if applicable, the available amount of such datethe Additional Issuer Sublimit. If (Ai) the aggregate face amount of the requested Letter of Credit for the term of such Letter of Credit (including any increases in amount referenced therein) is less than does not exceed either the Unused Letter of Credit Subfacility or, if applicable, the available Additional Issuer Sublimit and (Bii) the amount of such requested Letter of Credit would not exceed the then-current Availability, the Agent shall inform notify the applicable Letter of Credit Issuer that it may is authorized to issue the requested Letter of Credit on the requested issuance date so long as the other conditions to such issuance set forth in this Agreement hereof are met.

Responsibilities of the Agent; Issuance. As of the Business Day immediately preceding the requested issuance date of each Letter of Credit, the Agent shall determine the amount of the Unused Letter of Credit Subfacility and the then-current Availability as of such date. If (A) the aggregate amount of the requested Letter of Credit for the term of such Letter of Credit (including any increases in amount referenced therein) is less than the Unused Letter of Credit 194 Subfacility and (B) the amount of such requested Letter of Credit would not exceed the then-current Availability, the Agent shall inform the applicable Letter of Credit Issuer that it may issue the requested Letter of Credit on the requested issuance date so long as the other conditions to such issuance set forth in this Agreement are met.

Responsibilities of the Agent; Issuance. As of the Business Day immediately preceding the requested issuance date of each the Letter of Credit, the Agent shall determine the amount of the applicable Unused Letter of Credit Subfacility Subfacility, the applicable Availability of the applicable Borrower and the then-current Availability as of such dateAggregate Availability. If (Ai) the aggregate face amount of the requested Letter of Credit for the term of such Letter of Credit (including any increases in amount referenced therein) is less than the Unused Letter of Credit Subfacility and (Bii) the amount of such requested Letter of Credit and all commissions, fees, and charges due from such Borrower in connection with the opening thereof would not exceed the then-current such Borrower's applicable Availability or Aggregate Availability, the Agent shall inform cause the applicable Letter of Credit Issuer that it may to issue the requested Letter of Credit on the requested issuance date so long as the other conditions to such issuance set forth in this Agreement hereof are met.