CONTINUING AGREEMENT FOR STANDBY LETTERS OF CREDITContinuing Agreement for Standby Letters of Credit • December 13th, 2010 • Brinks Co • Arrangement of transportation of freight & cargo • New York
Subject to the terms and conditions of this Agreement, The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch ("Issuer") agrees from time to time during the Availability Period to issue one or more irrevocable standby letters of credit, substantially in the form attached hereto as Exhibit 1 or such other form as Issuer may in its reasonable discretion agree (each, a "Credit" and collectively, the "Credits"); provided that Issuer shall have no obligation to agree to issue any Credit that does not satisfy each of the criteria set forth on Appendix A hereto (the "Baseline Criteria"). The issuance of Credits hereunder shall be up to, but not to exceed, a maximum aggregate principal amount of such Credits at any one time outstanding of Fifty Four Million U.S. Dollars ($54,000,000.00) (as such amount may subsequently be amended at the request of Applicant and agreed to by you in your sole and absolute discretion, and as reduced in accordance with the terms and conditions of this Agreement,
