Common use of Changes to Stated Amount Clause in Contracts

Changes to Stated Amount. At any time when any Letter of Credit is outstanding, at the request of the Borrower, the Issuing Bank will enter into an amendment increasing or reducing the Stated Amount of such Letter of Credit, provided that (i) in no event shall the Stated Amount of such Letter of Credit be increased to an amount which, when added to (x) the Letter of Credit Outstandings at such time and (y) the aggregate principal amount of all Loans then outstanding, would exceed an amount equal to the Total Commitment, (ii) in no event shall the Stated Amount of such Letter of Credit be increased to an amount which, when added to the Letter of Credit Outstandings at such time, equals $20,000,000, (iii) the Stated Amount of a Letter of Credit may not be increased at any time if the conditions precedent set forth in Section 4.02 are not satisfied at such time, and (iv) the Stated Amount of a Letter of Credit may not be increased at any time after the date which is 30 days prior to the Maturity Date.