Common use of Acceptances Clause in Contracts

Acceptances. Subject to the terms and conditions set forth in this Agreement, each Issuing Bank hereby severally agrees to extend credit to the Borrowers, during the period from the Closing Date to the Acceptance Termination Date, by creating acceptances ("Acceptances") for the account of the Borrowers from time to time up to an aggregate amount at any one time outstanding for all Borrowers equal to $10,000,000, subject to the following provisions:

Acceptances. Subject to the terms and conditions set forth in this Agreement, each Issuing Bank hereby severally agrees to extend credit to the Borrowers, during the period from the Closing Date to the Acceptance Termination Date, by creating acceptances ("Acceptances") for the account of the Borrowers from time to time up to an aggregate amount at any one time outstanding for all Borrowers equal to $10,000,00015,000,000, subject to the following provisions: