Common use of Letters of Credit Sublimit Clause in Contracts

Letters of Credit Sublimit. Bank will issue or have issued Letters of Credit for Borrower's account not exceeding an amount equal to (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the outstanding principal balance of the Advances, all amounts utilized for Cash Management Services, and the FX Reserve; however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus all amounts utilized for Cash Management Services, plus the FX Reserve may not exceed $100,000. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date, but Borrower's reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.

Letters of Credit Sublimit. Bank will issue or have issued letters of credit for Borrower’s account (individually referred as a “Letter of Credit” and collectively referred to herein as the “Letters of Credit for Borrower's account Credit”) not exceeding an amount equal to (i) the lesser of the Committed Revolving Line or the Borrowing Base Base, minus (ii) the outstanding principal balance of the Advances, all amounts utilized for Revolving Advances and minus (iii) the Cash Management Services, and the FX ReserveSublimit; however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus all amounts utilized for Cash Management Services, plus the FX Reserve ) may not exceed $100,000500,000. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date, but Borrower's ’s reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.. ”

Letters of Credit Sublimit. Bank will issue or have issued letters of credit for Borrower’s account (individually referred as a “Letter of Credit” and collectively referred to herein as the “Letters of Credit for Borrower's account Credit”) not exceeding an amount equal to (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the sum of outstanding principal balance of the Advances, all amounts utilized for Cash Management Services, Revolving Advances and the FX ReserveCredit Card Utilization; provided, however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus all amounts utilized for Cash Management Services, plus the FX Reserve ) may not exceed $100,000500,000. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date, but Borrower's ’s reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.”

Letters of Credit Sublimit. Bank will issue or have issued Letters of Credit for Borrower's account in an aggregate face amount not exceeding an amount equal to exceed the Committed Revolving Line, in each case minus the sum of (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the then-outstanding principal balance of the Revolving Advances, plus (ii) all amounts utilized for then-outstanding under the Cash Management ServicesSublimit plus (iii) the Foreign Exchange Sublimit; provided, and the FX Reserve; however, that the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus all amounts utilized for Cash Management Services, plus ) may at no time exceed the FX Reserve may not exceed $100,000Committed Revolving Line. Each Letter of Credit will have an expiry date of no not later than 180 days after the Revolving Maturity Date, but Borrower's reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.

Letters of Credit Sublimit. Bank will issue or have issued letters of credit for Borrower’s account (individually referred as a “Letter of Credit” and collectively referred to herein as the “Letters of Credit for Borrower's account Credit”) not exceeding an amount equal to (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the outstanding principal balance of the Revolving Advances; provided, all amounts utilized for Cash Management Services, and the FX Reserve; however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus all amounts utilized for Cash Management Services, plus the FX Reserve ) may not exceed $100,000500,000. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date, but Borrower's ’s reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.

Letters of Credit Sublimit. Bank will issue or have issued Letters of Credit for Borrower's ’s account not exceeding an amount equal to (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the outstanding principal balance of the Advances, Advances minus all amounts for services utilized for under the Cash Management ServicesServices Sublimit, and minus the FX Reserve; however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus all amounts utilized for Cash Management Services, plus the FX Reserve ) may not exceed $100,0004,200,000. Each Letter of Credit will have an expiry expiration date of no later than 180 days after the Revolving Maturity Date, but Borrower's ’s reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.

Letters of Credit Sublimit. Bank will issue or have issued Letters of Credit for Borrower's account not exceeding an amount equal to (i) the lesser of the Committed Revolving Line or the Borrowing Base minus (ii) the outstanding principal balance of the Advances, Advances minus all amounts for services utilized for under the Cash Management ServicesServices Sublimit, and minus the FX Reserve; however, the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus all amounts utilized for Cash Management Services, plus the FX Reserve ) may not exceed $100,0004,200,000. Each Letter of Credit will have an expiry date of no later than 180 days after the Revolving Maturity Date, but Borrower's reimbursement obligation will be secured by cash on terms acceptable to Bank at any time after the Revolving Maturity Date if the term of this Agreement is not extended by Bank. Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request.