Common use of Commitments and LC Exposure Clause in Contracts

Commitments and LC Exposure. Both before and immediately after giving effect to the issuance of the applicable Letter of Credit, the Dollar Equivalent of the total LC Exposure shall not exceed the Aggregate Commitments.

Appears in 2 contracts

Sources: Revolving Performance Letter of Credit Facility Agreement (Fluor Corp), Letter of Credit Facility Agreement (Fluor Corp)