Common use of Commitment to Issue Clause in Contracts

Commitment to Issue. The Borrower may request Revolving Advances by the Lender, and the Lender, subject to the terms and conditions of this Agreement, may, in its sole discretion, issue letters of credit for any Borrower’s account; provided, however, that: (A) the aggregate amount of outstanding Letter of Credit Liabilities shall not at any time exceed $3,000,000.00; (B) the maturity or expiry date of each Letter of Credit shall be no later than the Maturity Date; and (C) the sum of the outstanding Letters of Credit plus the Outstanding Revolving Advances shall not at any time exceed the available Term Revolving Loan Commitment.