Common use of Available Amount Clause in Contracts

Available Amount. The face amount of the requested Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, or (b) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Closing Date Letters of Credit then outstanding (including any Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment.

Available Amount. The face amount of the requested Committed Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, or (b) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Closing Date Existing Letters of Credit then outstanding (including any Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment.

Available Amount. The face amount of the requested Committed Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 53-Year Obligations of all Syndication Parties from the 53-Year Commitment, or (b) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Closing Date Existing Letters of Credit then outstanding (including any Letter of Credit requested but not yet issued unless the Letter of Credit Bank has declined to issue the Letter of Credit) from the LC Commitment.

Available Amount. The face amount of the requested Committed Letter of Credit may not exceed the lesser of (a) the amount determined by subtracting the aggregate Individual Outstanding 5-Year Obligations of all Syndication Parties from the 5-Year Commitment, or (b) the amount determined by subtracting the undrawn face amount of all Letters of Credit and Closing Date Letters of Credit then outstanding (including any Letter of Credit requested but not yet issued unless the Letter of Credit Bank or the applicable Syndication Party has declined to issue the Letter of Credit) from the LC Commitment.