Common use of The Letters of Credit Clause in Contracts

The Letters of Credit. Each Issuing Bank agrees, upon the terms and subject to the conditions of this Agreement, to issue from time to time, on and after the Agreement Date, but prior to the Initial Maturity Date, for the account of the Borrower, Letters of Credit to such beneficiaries as shall be designated in writing by the Borrower to such Issuing Bank, up to the limit of the Letter of Credit Committed Amount.

The Letters of Credit. Each Issuing Bank agrees, prior to the Initial Maturity Date and upon the terms and subject to the conditions of this Agreement, to issue from time to time, on and after the Agreement Date, but prior to the Initial Maturity Date, time for the account of the Borrower, in the ordinary course of business of the Borrower, Letters of Credit to such beneficiaries as shall be designated in writing by the Borrower to such Issuing Bank, up in an aggregate amount not to the limit exceed for all Letters of Credit issued hereunder the Letter of Credit Committed Amount, or if less, the Revolving Commitment.

The Letters of Credit. Each The Issuing Bank agrees, prior to the Initial --------------------- Maturity Date and upon the terms and subject to the conditions of this Agreement, to issue from time to time, on and after the Agreement Date, but prior to the Initial Maturity Date, time for the account of the Borrower, in the ordinary course of business of the Borrower, Letters of Credit to such beneficiaries as shall be designated in writing by the Borrower to such the Issuing Bank, up to the limit of the Letter of Credit Committed Amount.