Lending Limit. Subject to the conditions set forth ------------- herein, the Lenders severally agree that they shall (and the Companies hereby irrevocably authorize and direct them) from time to time up to and including the Business Day immediately preceding the Maturity Date, advance and readvance their respective Percentage Shares of loans (the "Tranche G Loans" or a "Tranche G Loan") directly to the Administrative Agent for the benefit of the L/C Bank for the account of the Companies and at the request of the L/C Bank, for the purpose of reimbursing the L/C Bank for unrepaid L/C Drawings, in amounts not to exceed, in the aggregate at any one time outstanding, the lesser of: (1) The L/C Credit Limit minus the sum of (i) the aggregate amount of all unrepaid L/C Drawings and (ii) the maximum aggregate amount available to be drawn on all outstanding Letters of Credit; and (2) The Aggregate Collateral Value of the Borrowing Base minus the sum of (i) the aggregate dollar amount of all Loans outstanding, and (ii) the aggregate amount of all unrepaid L/C Drawings, and (iii) the maximum aggregate amount available to be drawn under all outstanding Letters of Credit. Provided, however, that (i) for purposes of the calculations under this -------- ------- Paragraph 6C(a), the Lenders shall, so long as there shall not exist an Event of Default or Potential Default, deem unrepaid L/C Drawings outstanding on any date not to include L/C Drawings being paid with a Tranche G Loan on such date; and (ii) notwithstanding anything contained herein to the contrary, at no time may the sum of all Tranche A Loans outstanding, all Tranche B Loans outstanding, all Tranche C Loans outstanding, all Tranche D Loans outstanding, all Tranche E Loans outstanding, all Tranche F Loans outstanding, all Tranche G Loans outstanding, the aggregate amount of all L/C Drawings which have not been reimbursed by the Companies, the maximum aggregate amount available to be drawn under all outstanding Letters of Credit, and all Swing Line Loans outstanding exceed the lesser of (i) the Aggregate Collateral Value of the Borrowing Base or (ii) the Aggregate Facility Commitment at such time.
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Lending Limit. Subject to the conditions set forth ------------- herein, the Lenders severally agree that they shall (and the Companies hereby irrevocably authorize and direct them) from time to time up to and including the Business Day immediately preceding the Maturity Date, advance and readvance their respective Percentage Shares of loans (the "Tranche G Loans" or a "Tranche G Loan") directly to the Administrative * This provision has been deleted and has been filed separately with the Securities and Exchange Commission in connection with a request for confidential treatment filed pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Agent for the benefit of the L/C Bank for the account of the Companies and at the request of the L/C Bank, for the purpose of reimbursing the L/C Bank for unrepaid L/C Drawings, in amounts not to exceed, in the aggregate at any one time outstanding, the lesser of:
(1) The L/C Credit Limit minus the sum of (i) the aggregate amount of all unrepaid L/C Drawings and (ii) the maximum aggregate amount available to be drawn on all outstanding Letters of Credit; and
(2) The Aggregate Collateral Value of the Borrowing Base minus the sum of (i) the aggregate dollar amount of all Loans outstanding, and (ii) the aggregate amount of all unrepaid L/C Drawings, and (iii) the maximum aggregate amount available to be drawn under all outstanding Letters of Credit. Provided, however, that (i) for purposes of the calculations under this -------- ------- Paragraph 6C(a), the Lenders shall, so long as there shall not exist an Event of Default or Potential Default, deem unrepaid L/C Drawings outstanding on any date not to include L/C Drawings being paid with a Tranche G Loan on such date; and (ii) notwithstanding anything contained herein to the contrary, at no time may the sum of all Tranche A Loans outstanding, all Tranche B Loans outstanding, all Tranche C Loans outstanding, all Tranche D Loans outstanding, all Tranche E Loans outstanding, all Tranche F Loans outstanding, all Tranche G Loans outstanding, the aggregate amount of all L/C Drawings which have not been reimbursed by the Companies, the maximum aggregate amount available to be drawn under all outstanding Letters of Credit, and all Swing Line Loans outstanding exceed the lesser of (i) the Aggregate Collateral Value of the Borrowing Base or (ii) the Aggregate Facility Commitment at such time.
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