Common use of Commitment to Issue Clause in Contracts

Commitment to Issue. Upon the terms and subject to the conditions of this Agreement, the Issuing Bank agrees to issue, from time to time during the period from the Agreement Date through the Termination Date, one or more Letters of Credit for the account of the Borrower, provided that (i) for each Bank, the sum of (A) the aggregate unpaid principal amount of such Bank's RC Loans and (B) the aggregate amount of such Bank's Letter of Credit Participations shall not at any time exceed such Bank's Commitment at such time, (ii) the sum of (A) the aggregate unpaid principal amount of all Loans and (B) the aggregate amount of all Letter of Credit Participations shall not exceed at any time the aggregate amount of the Commitments at such time and (iii) the sum of the aggregate amount of all Letter of Credit Participations and Five-Year Letter of Credit Participations shall not exceed at any time the LC Sublimit at such time.

Commitment to Issue. Upon the terms and subject to the conditions of this Agreement, the Issuing Bank agrees to issue, from time to time during the period from the Agreement Date through the Termination Date, one or more Letters of Credit for the account of the Borrower, provided that (i) for each Bank, the sum of (A) the aggregate unpaid principal amount of such Bank's RC Loans and (B) the aggregate amount of such Bank's Letter of Credit Participations shall not at any time exceed such Bank's Commitment at such time, (ii) the sum of (A) the aggregate unpaid principal amount of all Loans and (B) the aggregate amount of all Letter of Credit Participations shall not exceed at any time the aggregate amount of the Commitments at such time and (iii) the sum of the aggregate amount of all Letter of Credit Participations and Five364-Year Day Letter of Credit Participations shall not exceed at any time the LC Sublimit at such time.