{"component": "clause", "props": {"groups": [{"snippet": "(a) Each LC Issuer hereby agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.18, on the terms and conditions set forth in this Agreement, to issue letters of credit (each, a \u201cFacility LC\u201d) and to renew, extend, increase, decrease or otherwise modify each Facility LC (\u201cModify,\u201d and each such action a \u201cModification\u201d), from time to time from the Closing Date and prior to the fifth Business Day prior to the Facility Termination Date upon the request of the Borrower; provided that immediately after each such Facility LC is issued or Modified, (i) the Aggregate Outstanding Credit Exposure shall not exceed the Aggregate Commitment, (ii) the sum of the aggregate undrawn face amount of all Facility LCs outstanding at such time issued by the LC Issuers and the Reimbursement Obligations shall not exceed the LC Subcommitment, (iii) the sum of the aggregate undrawn face amount of all Facility LCs issued by any LC Issuer and the Reimbursement Obligations owed to such LC Issuer shall not exceed such LC Issuer\u2019s LC Commitment, and (iv) no Lender shall be a Defaulting Lender, unless the LC Issuer has entered into an arrangement, including the delivery of Cash Collateral, satisfactory to such LC Issuer (in its sole discretion), with the Borrower or such Lender to eliminate the LC Issuer\u2019s actual or potential Fronting Exposure (after giving effect to Section 2.22(a)(iv)) with respect to the Defaulting Lender arising from either the Facility LC then proposed to be issued or that Facility LC and the Outstanding Credit Exposure as to which such LC Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion. No Facility LC shall have an expiry date later than the earlier of (A) the fifth Business Day prior to the Facility Termination Date and (B) one year after its issuance (the \u201cFacility LC Maturity Date\u201d), provided that any Facility LC with a one-year tenor may provide for the renewal thereof for additional one-year periods (but in no event beyond the date referred to in clause (A) above). Notwithstanding the foregoing, no LC Issuer shall be under any obligation to issue any Facility LC if (x) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the LC Issuer from issuing such Facility LC, or any law applicable to such LC Issuer or (y) any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the LC Issuer shall (1) prohibit, or request that the LC Issuer refrain from, the issuance of letters of credit generally or such Facility LC in particular or (2) impose upon the LC Issuer with respect to such Facility LC any restriction, reserve or capital requirement (for which the LC Issuer is not otherwise compensated hereunder) not in effect on the Closing Date or shall impose upon the LC Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date, in each case under this clause (y)(2) which the L/C Issuer in good \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 material to it, unless the Borrower agrees in writing to indemnify the LC Issuer for any such costs.\n(b) Upon the issuance or Modification by any LC Issuer of a Facility LC in accordance with this Section 2.18, such LC Issuer shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender, and each Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from such LC Issuer without recourse or warranty, a participation in such Facility LC (and each Modification thereof) and the related LC Obligations in proportion to its Pro Rata Share. Notwithstanding anything herein to the contrary, effective upon any increase or reduction of the Aggregate Commitments pursuant to the terms hereunder, each Lender\u2019s participation in any Facility LC outstanding on such date shall be adjusted to reflect its Pro Rata Share after giving effect to such increase or reduction, as the case may be.\n(c) Subject to Section 2.18(a), the Borrower shall give the applicable LC Issuer notice prior to 11:00 a.m. at least three (3) Business Days (or such shorter period as is acceptable to the LC Issuer in any given case) prior to the proposed date of issuance or Modification of each Facility LC, specifying the beneficiary, the proposed date of issuance (or Modification) and the expiry date of such Facility LC, and describing the proposed terms of such Facility LC and the nature of the transactions proposed to be supported thereby. Upon receipt of such notice, the applicable LC Issuer shall promptly notify the Administrative Agent, and the Administrative Agent shall promptly notify each Lender, of the contents thereof and of the amount of such Lender\u2019s participation in such proposed Facility LC. The issuance or Modification by any LC Issuer of any Facility LC shall, in addition to the conditions precedent set forth in Article 4 (the satisfaction of which the LC Issuer shall have no duty to ascertain), be subject to the conditions precedent that such Facility LC shall be satisfactory to such LC Issuer, acting reasonably, and that the Borrower shall have executed and delivered such application agreement and/or such other instruments and agreements relating to such Facility LC as such LC Issuer shall have reasonably requested (each, a \u201cFacility LC Application\u201d). In the event of any conflict between the terms of this Agreement and the terms of any Facility LC Application, the terms of this Agreement shall control.\n(d) The Borrower shall pay to the Administrative Agent, for the account of the Lenders in accordance with their respective Pro Rata Shares, with respect to each Facility LC issued hereunder, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Advances in effect from time to time on the average daily undrawn stated amount under such standby Facility LC, such fee to be payable in arrears on each Payment Date, on the Facility LC Maturity Date and thereafter on demand (each such fee described in this sentence an \u201cLC Fee\u201d), provided, however, that any LC Fees otherwise payable for the account of a Defaulting Lender with respect to any Facility LC as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the LC Issuer pursuant to Section 2.22(c) shall be payable, to the maximum extent permitted by applicable law, to the other Lenders in accordance with the upward adjustments in their respective Pro Rata Shares allocable to such Facility LC, with the balance of such fee, if any, payable to the LC Issuer for its own account; provided further, that so long as no Unmatured Default or Default exists, notwithstanding the Pricing Level otherwise applicable to the Advances, Facility LCs and Facility Fee, the Borrower shall be required to pay an LC Fee on any portion of any Facility LC that the Borrower has Cash Collateralized at a rate equal to the Applicable Margin for LIBOR Loans corresponding to Pricing Level I. The Borrower shall also pay to the applicable LC Issuer for its own account (x) a fronting fee at the per annum rate set forth in the Senior Lead Arrangers Fee Letter or as separately agreed with such LC Issuer on the average daily undrawn stated amount under each Facility LC issued hereunder, such fee to be payable in arrears on each Payment Date, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the applicable LC Issuer\u2019s standard schedule for such charges as in effect from time to time.\n(e) Upon receipt from the beneficiary of any Facility LC of any demand for payment under such Facility LC, the applicable LC Issuer shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Borrower and each other Lender as to the amount to be paid by such LC Issuer as a result of such demand and the proposed payment date (the \u201cLC Payment Date\u201d). The responsibility of such LC Issuer to the Borrower and each Lender shall be only to determine that the documents (including each demand for payment) delivered under each Facility LC in connection with such presentment shall be in conformity in all material respects with such Facility LC. Each LC Issuer shall endeavor to exercise the same care in the issuance and administration of the Facility LCs as it does with respect to letters of credit in which no participations are granted. Each Lender\u2019s obligation to reimburse each LC Issuer for its Pro Rata Share of the amount drawn under each Facility LCs to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.18(f) below shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the LC Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default or Unmatured Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing. If any Lender fails to make available to the Administrative Agent for the account of the applicable LC Issuer any amount required to be paid by such Lender pursuant to this foregoing provisions of this Section 2.18(e), such LC Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the LC Payment Date to the date on which such payment is immediately available to the LC Issuer at a rate per annum equal to the Federal Funds Effective Rate for the first three (3) days and, thereafter, at a rate of interest equal to the rate applicable to Floating Rate Advances.\n(f) The Borrower shall be irrevocably and unconditionally obligated to reimburse any LC Issuer on the applicable LC Payment Date for any amounts to be paid by such LC Issuer upon any drawing under any Facility LC, without presentment, demand, protest or other formalities of any kind; provided that, subject to Section 2.18(h), the Borrower shall not be precluded from asserting any claim for direct (but not consequential) damages suffered by the Borrower to the extent, but only to the extent, caused by (i) the willful misconduct or gross negligence of such LC Issuer in determining whether a request presented under any Facility LC issued by it complied with the terms of such Facility LC or (ii) such LC Issuer\u2019s failure to pay under any Facility LC issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Facility LC. All such amounts paid by such LC Issuer and remaining unpaid by the Borrower shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (x) the rate applicable to Floating Rate Advances for such day if such day falls on or before the applicable LC Payment Date and (y) the sum of 2% plus the rate applicable to Floating Rate Advances for such day if such day falls after such LC Payment Date. The applicable LC Issuer will pay to each Lender ratably in accordance with its Pro Rata Share all amounts received by it from the Borrower for application in payment, in whole or in part, of the Reimbursement Obligation in respect of any Facility LC issued by such LC Issuer, but only to the extent such Lender has made payment to such LC Issuer in respect of such Facility LC pursuant to Section 2.18(e). Subject to the terms and conditions of this Agreement (including the submission of a Borrowing Notice in compliance with Section 2.7 and the satisfaction of the applicable conditions precedent set forth in Article 4), the Borrower may request an Advance hereunder for the purpose of satisfying any Reimbursement Obligation.\n(g) The Borrower\u2019s obligations to reimburse each LC Issuer for each drawing under each Facility LC shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: (i) any lack of validity or enforceability of such Facility LC, this Agreement, or any other Loan Document; (ii) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower may have at any time against any beneficiary or any transferee of such Facility LC (or any Person for whom any such beneficiary or any such transferee may be acting), the LC Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Facility LC or any agreement or instrument relating thereto, or any unrelated transaction; (iii) any draft, demand, certificate or other document presented under such Facility LC proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; (iv) any payment by the applicable LC Issuer under such Facility LC against presentation of a draft or certificate that does not strictly comply with the terms of such Facility LC; or any payment made by the LC Issuer under such Facility LC to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; (v) any dispute between or among the Borrower, any of its Affiliates, the beneficiary of any Facility LC or any financing institution or other party to whom any Facility LC may be transferred; (vi) any claims or defenses whatsoever of the Borrower or of any of its Affiliates against the beneficiary of any Facility LC or any such transferee; or (vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower. No LC Issuer shall be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Facility LC. The Borrower agrees that any action taken or omitted by any LC Issuer or any Lender under or in connection with each Facility LC and the related drafts and documents, if done without gross negligence or willful misconduct, shall be binding upon the Borrower and shall not put any LC Issuer or any Lender under any liability to the Borrower. Nothing in this Section 2.18(g) is intended to limit the right of the Borrower to make a claim against any LC Issuer for damages as contemplated by Section 2.18(h).\n(h) Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the applicable LC Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the applicable Facility LC) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document, provided that at all times the LC Issuer shall be acting in good faith. None of the LC Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any LC Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Facility LC. Notwithstanding any other provision of this Section 2.18, each LC Issuer shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of the Required Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lenders and any future holders of a participation in any Facility LC. 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"definition", "offset": [11289, 11300]}, {"key": "in-payment", "type": "clause", "offset": [11338, 11348]}, {"key": "in-respect-of", "type": "definition", "offset": [11403, 11416]}, {"key": "payment-to", "type": "clause", "offset": [11503, 11513]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [11604, 11642]}, {"key": "submission-of", "type": "clause", "offset": [11658, 11671]}, {"key": "borrowing-notice", "type": "definition", "offset": [11674, 11690]}, {"key": "compliance-with-section", "type": "clause", "offset": [11694, 11717]}, {"key": "applicable-conditions-precedent", "type": "clause", "offset": [11750, 11781]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [11853, 11871]}, {"key": "unconditional-and-irrevocable", "type": "clause", "offset": [12031, 12060]}, {"key": "under-all-circumstances", "type": "clause", "offset": [12136, 12159]}, {"key": "lack-of-validity", "type": "clause", "offset": [12194, 12210]}, {"key": "loan-document", "type": "clause", "offset": [12279, 12292]}, {"key": "at-any-time", "type": "clause", "offset": [12399, 12410]}, {"key": "any-person", "type": "definition", "offset": [12477, 12487]}, {"key": "contemplated-hereby", "type": "clause", "offset": [12652, 12671]}, {"key": "agreement-or", "type": "definition", "offset": [12702, 12714]}, {"key": "other-document", "type": "clause", "offset": [12814, 12828]}, {"key": "payment-by-the", "type": "clause", "offset": [13012, 13026]}, {"key": "comply-with-the", "type": "clause", "offset": [13141, 13156]}, {"key": "trustee-in-bankruptcy", "type": "clause", "offset": [13277, 13298]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [13331, 13349]}, {"key": "other-representative", "type": "definition", "offset": [13385, 13405]}, {"key": "debtor-relief-law", "type": "definition", "offset": [13551, 13568]}, {"key": "other-party", "type": "definition", "offset": [13707, 13718]}, {"key": "action-taken", "type": "clause", "offset": [14366, 14378]}, {"key": "gross-negligence-or-willful-misconduct", "type": "clause", "offset": [14520, 14558]}, {"key": "binding-upon", "type": "clause", "offset": [14569, 14581]}, {"key": "nothing-in-this-section", "type": "clause", "offset": [14678, 14701]}, {"key": "right-of-the", "type": "clause", "offset": [14735, 14747]}, {"key": "certificates-and-documents", "type": "clause", "offset": [15047, 15073]}, {"key": "required-by", "type": "definition", "offset": [15084, 15095]}, {"key": "applicable-facility", "type": "definition", "offset": [15100, 15119]}, {"key": "authority-of-the", "type": "clause", "offset": [15210, 15226]}, {"key": "at-all-times", "type": "definition", "offset": [15291, 15303]}, {"key": "acting-in-good-faith", "type": "clause", "offset": [15327, 15347]}, {"key": "related-parties", "type": "clause", "offset": [15423, 15438]}, {"key": "approval-of", "type": "definition", "offset": [15619, 15630]}, {"key": "the-required-lenders", "type": "clause", "offset": [15646, 15666]}, {"key": "due-execution", "type": "clause", "offset": [15787, 15800]}, {"key": "related-to", "type": "clause", "offset": [15874, 15884]}, {"key": "provision-of", "type": "clause", "offset": [15928, 15940]}, {"key": "in-all-cases", "type": "clause", "offset": [15981, 15993]}, {"key": "failure-to-act", "type": "clause", "offset": [16170, 16184]}, {"key": "holders-of", "type": "clause", "offset": [16251, 16261]}], "hash": "f042a3757f8d9c71abeb8f0a3ed4446f", "id": 1}, {"snippet": "Section 2.19.1. Issuance The LC Issuer hereby agrees, on the terms and conditions set forth in this Agreement, to issue standby letters of credit (each, a \u201cFacility LC\u201d) and to renew, extend, increase, decrease or otherwise modify each Facility LC (\u201cModify,\u201d and each such action a \u201cModification\u201d), from time to time from and including the date of this Agreement and prior to the Facility Termination Date upon the request of the Borrower; provided that immediately after each such Facility LC is issued or Modified, (i) the aggregate amount of the outstanding LC Obligations shall not exceed $5,000,000, and (ii) the Aggregate Outstanding Revolving Credit Exposure shall not exceed the Aggregate Revolving Commitment. No Facility LC shall have an expiry date later than the earlier of (x) the fifth Business Day prior to the Facility Termination Date and (y) one year after its issuance.\nSection 2.19.2. Participations Upon the issuance or Modification by the LC Issuer of a Facility LC in accordance with this Section 2.19, the LC Issuer shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender, and each Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the LC Issuer, a participation in such Facility LC (and each Modification thereof) and the related LC Obligations in proportion to its Applicable Percentage.", "samples": [{"hash": "fcB7YUOBhft", "uri": "/contracts/fcB7YUOBhft#facility-lcs", "label": "Credit Agreement (Airnet Systems Inc)", "score": 21.0, "published": true}, {"hash": "6mAIBY6A03c", "uri": "/contracts/6mAIBY6A03c#facility-lcs", "label": "Credit Agreement (Airnet Systems Inc)", "score": 21.0, "published": true}], "size": 3, "snippet_links": [{"key": "lc-issuer", "type": "definition", "offset": [29, 38]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [57, 81]}, {"key": "in-this-agreement", "type": "definition", "offset": [92, 109]}, {"key": "to-issue", "type": "clause", "offset": [111, 119]}, {"key": "standby-letters-of-credit", "type": "clause", "offset": [120, 145]}, {"key": "facility-lc", "type": "definition", "offset": [156, 167]}, {"key": "from-time-to-time", "type": "clause", "offset": [299, 316]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [340, 362]}, {"key": "facility-termination-date", "type": "clause", "offset": [380, 405]}, {"key": "the-request", "type": "clause", "offset": [411, 422]}, {"key": "of-the-borrower", "type": "clause", "offset": [423, 438]}, {"key": "provided-that", "type": "definition", "offset": [440, 453]}, {"key": "aggregate-amount", "type": "definition", "offset": [525, 541]}, {"key": "obligations-shall", "type": "definition", "offset": [564, 581]}, {"key": "aggregate-outstanding-revolving-credit-exposure", "type": "definition", "offset": [618, 665]}, {"key": "aggregate-revolving-commitment", "type": "clause", "offset": [687, 717]}, {"key": "expiry-date", "type": "definition", "offset": [748, 759]}, {"key": "business-day", "type": "clause", "offset": [800, 812]}, {"key": "one-year", "type": "definition", "offset": [860, 868]}, {"key": "the-issuance", "type": "clause", "offset": [925, 937]}, {"key": "a-facility", "type": "definition", "offset": [974, 984]}, {"key": "in-accordance-with", "type": "clause", "offset": [988, 1006]}, {"key": "party-hereto", "type": "definition", "offset": [1087, 1099]}, {"key": "sold-to", "type": "clause", "offset": [1141, 1148]}, {"key": "each-lender", "type": "clause", "offset": [1149, 1160]}, {"key": "applicable-percentage", "type": "definition", "offset": [1429, 1450]}], "hash": "0d297085645ad3112721e7726aab01b9", "id": 2}, {"snippet": "(a) The LC Issuer hereby agrees, on the terms and conditions set forth in this Agreement, to issue stand-by and commercial Facility LCs in Dollars or an Agreed Currency for the account of a Borrower or any Subsidiary (each, a \u201cFacility LC\u201d) and to renew, extend, increase, decrease or otherwise modify each Facility LC (each a \u201cModification\u201d), from time to time from and including the Closing Date and prior to the Maturity Date (or, if earlier, the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.7 hereof or the Commitments pursuant to Section 8.1 hereof) upon the request of the Parent Borrower or, in the case of a Non-U.S. Subsidiary Borrower, upon the request of the Parent Borrower on its behalf; provided, that immediately after each such Facility LC is issued or subject to a Modification, (i) the aggregate Dollar Amount of the outstanding LC Obligations shall not exceed $100,000,000, (ii) the Dollar Amount of all Eurocurrency Loans and Facility LCs in Agreed Currencies other than Dollars is less than or equal to the Maximum Foreign Currency Amount, (iii) the Revolving Credit Obligations shall not exceed the Aggregate Revolving Loan Commitment, (iv) the aggregate outstanding principal Dollar Amount of all Revolving Loans and Facility LCs made to or issued for the account of the Non-U.S. Subsidiary Borrowers shall not exceed the Maximum Non-U.S. Subsidiary Borrower Amount and (v) the conditions precedent set forth in Section 4.3 shall have been satisfied; provided, further, that if the applicable Borrower has requested a Lender other than JPMorgan to act as LC Issuer with respect to the issuance or Modification of a particular Facility LC, such issuance or Modification shall be made only in the sole discretion of such Lender. No Facility LC shall have an expiry date later than the day which is two years after the Maturity Date; provided that any Facility LC with a one-year term may provide for the renewal thereof for additional one-year periods (which in no event shall extend beyond the date which is two years after the Maturity Date).\n(b) On the Revolving Loan Funding Date with respect to the Existing LCs and upon the issuance or Modification by the LC Issuer of a Facility LC in accordance with this Section 2.23, the LC Issuer shall be deemed, without further action by any party hereto, to have sold to each Revolving Loan Lender, and each Revolving Loan Lender shall be deemed, without further action by any party hereto, to have purchased from the LC Issuer, a participation in such Facility LC (and each Modification thereof) and the related LC Obligations in an amount equal to the stated amount available for drawing under the applicable Facility LC and any such related LC Obligations, multiplied by such Revolving Loan Lender\u2019s Revolving Loan Percentage, provided, however, that no Revolving Loan Lender\u2019s participation shall extend to Reimbursement Obligations or amounts available for drawing under outstanding Facility LCs to the extent such Obligations and amounts have been cash collateralized in accordance with the terms of Section 2.23(m). Such participation shall constitute usage of each such Revolving Loan Lenders\u2019 Revolving Loan Commitment.\n(c) Subject to subsection (a), the applicable Borrower (or in the case of a Non-U.S. Subsidiary Borrower, the Parent Borrower on its behalf) shall give the LC Issuer notice prior to 10:00 a.m. (Chicago time) at least (i) three Business Days for Dollar denominated Facility LCs and (ii) five Business Days for Facility LCs denominated in any Agreed Currency other than Dollars prior to the proposed date of issuance or Modification of each Facility LC, specifying the beneficiary, the Agreed Currency in which the Facility LC is to be denominated, the proposed date of issuance (or Modification) and the expiry date of such Facility LC, and describing the proposed terms of such Facility LC and the nature of the transactions proposed to be supported thereby. Upon receipt of such notice, the LC Issuer shall promptly notify the Agent, and the Agent shall promptly notify each Lender, of the contents thereof and of the amount of such Lender\u2019s participation in such proposed Facility LC. The issuance or Modification by the LC Issuer of any Facility LC shall, in addition to the conditions precedent set forth in Article IV (the satisfaction of which the LC Issuer shall have no duty to ascertain), be subject to the conditions precedent that such Facility LC shall be satisfactory to the LC Issuer and that the applicable Borrower shall have executed and delivered such application agreement and/or such other instruments and agreements relating to such Facility LC as the LC Issuer shall have reasonably requested (each, a \u201cFacility LC Application Agreement\u201d). In the event of any conflict between the terms of this Agreement and the terms of any Facility LC Application Agreement, the terms of this Agreement shall control.\n(d) The Borrowers shall pay to the Agent, for the account of the Revolving Loan Lenders ratably in accordance with their respective Revolving Loan Percentages (except as provided in Section 8.2), a letter of credit fee equal to (i) a percentage per annum equal to the Applicable Stand-by Facility LC Fee in effect from time to time on the average daily aggregate amount available for drawings under all stand-by Facility LCs outstanding during such quarter and (ii) a percentage per annum equal to the Applicable Commercial Facility LC Fee in effect from time to time on the average daily aggregate amount available for drawings under all commercial Facility LCs outstanding during such quarter (it being understood and agreed that a Non-U.S. Subsidiary Borrower shall be liable to pay such fees only with respect to Facility LCs issued for its account). Each such fee under clauses (i) and (ii) shall be payable in arrears on each Payment Date after the Revolving Loan Funding Date and on the Maturity Date (or, if earlier, the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.7 hereof or the Commitments pursuant to Section 8.1 hereof). The applicable Borrower shall pay to the LC Issuer on the date of issuance of each Facility LC, a Facility LC fronting fee equal to the Applicable Facility LC Fronting Fee of the stated amount available for drawing under each such Facility LC, and such additional fees and expenses relating to the issuance, Modification, and payment of Facility LCs in the amounts and at the times agreed between the Parent Borrower and the LC Issuer (it being understood and agreed that a Non-U.S. Subsidiary Borrower shall be liable to pay such fronting fee only with respect to Facility LCs issued for its account). The LC Issuer shall furnish to the Agent upon request its calculations with respect to the amount of any fee payable under this subsection (d).\n(e) Upon receipt from the beneficiary of any Facility LC of any demand for payment under such Facility LC, the LC Issuer shall notify the Agent and the Agent shall promptly notify the applicable Borrower and each other Revolving Loan Lender as to the amount to be paid by the LC Issuer as a result of such demand and the proposed payment date (the \u201cLC Payment Date\u201d). The responsibility of the LC Issuer to the applicable Borrower and each Revolving Loan Lender shall be only to determine that the documents (including each demand for payment) delivered under each Facility LC in connection with such presentment shall be in conformity in all material respects with such Facility LC. The LC Issuer shall endeavor to exercise the same care in the issuance and administration of the Facility LCs as it does with respect to letters of credit in which no participations are granted, it being understood that in the absence of any gross negligence or willful misconduct by the LC Issuer, each Revolving Loan Lender shall be unconditionally and irrevocably liable without regard to the occurrence of any Default or any condition precedent whatsoever, to reimburse the LC Issuer on demand for (i) such Revolving Loan Lender\u2019s Revolving Loan Percentage of the amount of each payment made by the LC Issuer under each Facility LC to the extent such amount is not reimbursed by the applicable Borrower pursuant to subsection (f) below plus (ii) interest on the foregoing amount to be reimbursed by such Revolving Loan Lender, for each day from the date of the LC Issuer\u2019s demand for such reimbursement (or, if such demand is made after 11:00 a.m. (Chicago time) on such date, from the next succeeding Business Day) to the date on which such Revolving Loan Lender pays the amount to be reimbursed by it, at a rate of interest per annum equal to the Federal Funds Effective Rate for such day; provided, however, that upon any such demand by the LC Issuer for reimbursement from the Revolving Loan Lenders of the amounts described in clauses (i) and (ii) above (the \u201cLC Reimbursement Amounts\u201d), the LC Reimbursement Amounts shall be immediately and automatically converted to and redenominated in Dollars equal to the Dollar Amount of such LC Reimbursement Amounts determined as of the date of such conversion.\n(f) Each Borrower shall be irrevocably and unconditionally obligated to reimburse the LC Issuer on or by the applicable LC Payment Date for any amounts to be paid by the LC Issuer upon any drawing under any Facility LC, without presentment, demand, protest or other formalities of any kind (it being understood and agreed that each Non-U.S. Subsidiary Borrower shall be liable to reimburse any LC Issuer only for amounts attributable to drawings under Facility LCs issued for its account); provided, that neither the Borrowers nor any Revolving Loan Lender shall hereby be precluded from asserting any claim for direct (but not consequential) damages suffered by the applicable Borrower or such Revolving Loan Lender to the extent, but only to the extent, caused by (i) the willful misconduct or gross negligence of the LC Issuer in determining whether a request presented under any Facility LC issued by it complied with the terms of such Facility LC or (ii) the LC Issuer\u2019s failure to pay under any Facility LC issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Facility LC. All such amounts paid by the LC Issuer and remaining unpaid by the applicable Borrower after the applicable LC Payment Date shall bear interest, payable on demand, for each day until paid, at a rate per annum equal to the sum of 2% plus the rate applicable to Floating Rate Advances for such day. The LC Issuer will pay to each Revolving Loan Lender ratably in accordance with its Revolving Loan Percentage all amounts received by it from the applicable Borrower for application in payment, in whole or in part, of the Reimbursement Obligation in respect of any Facility LC issued by the LC Issuer, but only to the extent such Revolving Loan Lender has made payment to the LC Issuer in respect of such Facility LC pursuant to subsection (e). Subject to the terms and conditions of this Agreement (including without limitation the submission of a Borrowing Notice in compliance with Section 2.9 and the satisfaction of the applicable conditions precedent set forth in Article IV), any Borrower may request an Advance or, in the case of the Parent Borrower only, a Swing Line Loan hereunder for the purpose of satisfying any Reimbursement Obligation.\n(g) If after the Revolving Loan Funding Date, the adoption of any applicable law, rule or regulation, or any change in any applicable law, rule or regulation, or any change in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by the LC Issuer or any Revolving Loan Lender with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency shall impose, modify or deem applicable any tax, reserve, special deposit or similar requirement against or with respect to or measured by reference to Facility LCs issued or to be issued hereunder or participation therein, and the result shall be to increase the cost to the LC Issuer or any Revolving Loan Lender of issuing or maintaining any Facility LC or any participation therein, or reduce any amount receivable hereunder by the LC Issuer or any Revolving Loan Lender in respect of any Facility LC (which increase in cost, or reduction in amount receivable, shall be the result of such Revolving Loan Lender\u2019s or the LC Issuer\u2019s reasonable allocation of the aggregate of such increases or reductions resulting from such event), then, upon demand by the LC Issuer or such Revolving Loan Lender, each Borrower agrees, as applicable, to pay to the LC Issuer or such Revolving Loan Lender, from time to time as specified by the LC Issuer or such Revolving Loan Lender, such additional amounts as shall be sufficient to compensate the LC Issuer or such Revolving Loan Lender for such increased costs or reductions in amounts received by the LC Issuer or such Revolving Loan Lender (it being understood and agreed that each Non-U.S. Subsidiary Borrower shall be liable to compensate any LC Issuer only for such costs or reductions in amounts received with respect to Facility LCs issued for its account). A certificate of the LC Issuer or such Revolving Loan Lender submitted by the LC Issuer or such Revolving Loan Lender to the applicable Borrower shall be conclusive as to the amount thereof in the absence of manifest error.\n(h) The Borrowers\u2019 obligations under this Section 2.23 shall be absolute and unconditional under any and all circumstances and irrespective of any set off, counterclaim or defense to payment which the applicable Borrower may have or have had against the LC Issuer, any Revolving Loan Lender or any beneficiary of a Facility LC. Each Borrower further agrees with the LC Issuer and the Revolving Loan Lenders that the LC Issuer and the Revolving Loan Lenders shall not be responsible for, and such Borrower\u2019s Reimbursement Obligation in respect of any Facility LC shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even if such documents should in fact prove to be in any or all respects invalid, fraudulent or forged, or any dispute between or among such Borrower, any of its Subsidiaries, the beneficiary of any Facility LC or any financing institution or other party to whom any Facility LC may be transferred or any claims or defenses whatsoever of such Borrower or of any of its Subsidiaries against the beneficiary of any Facility LC or any such transferee. Absent willful misconduct or gross negligence, the LC Issuer shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Facility LC. Each Borrower agrees that any action taken or omitted by the LC Issuer or any Revolving Loan Lender under or in connection with each Facility LC and the related drafts and documents, if done without gross negligence or willful misconduct, shall be binding upon such Borrower and shall not put the LC Issuer or any Revolving Loan Lender under any liability to such Borrower. Nothing in this subsection (h) is intended to limit the right of any Borrower to make a claim against the LC Issuer for damages as contemplated by the proviso to the first sentence of subsection (f) above.\n(i) To the extent not inconsistent with subsection (h) above, the LC Issuer shall be entitled to rely, and shall be fully protected in relying upon, any Facility LC, draft, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel, independent accountants and other experts selected by the LC Issuer. The LC Issuer shall be fully justified in failing or refusing to take any action under this Agreement unless it shall first have received such advice or concurrence of the Required Revolving Loan Lenders as it", "samples": [{"hash": "2Oh51OHiCiU", "uri": "/contracts/2Oh51OHiCiU#facility-lcs", "label": "Credit Agreement (Gardner Denver Inc)", "score": 21.0, "published": true}], "size": 3, "snippet_links": [{"key": "lc-issuer", "type": "definition", "offset": [8, 17]}, {"key": "in-this-agreement", "type": "definition", "offset": [71, 88]}, {"key": "to-issue", "type": "clause", "offset": [90, 98]}, {"key": "commercial-facility", "type": "clause", "offset": [112, 131]}, {"key": "currency-for", "type": "definition", "offset": [160, 172]}, {"key": "the-account", "type": "clause", "offset": [173, 184]}, {"key": "from-time-to-time", "type": "clause", "offset": [344, 361]}, {"key": "the-closing-date", "type": "clause", "offset": [381, 397]}, {"key": "prior-to-the", "type": "clause", "offset": [402, 414]}, {"key": "termination-in-whole", "type": "clause", "offset": [458, 478]}, {"key": "aggregate-revolving-loan-commitment", "type": "clause", "offset": [486, 521]}, {"key": "pursuant-to-section", "type": "clause", "offset": [522, 541]}, {"key": "the-commitments", "type": "clause", "offset": [556, 571]}, {"key": "section-81", "type": "clause", "offset": [584, 595]}, {"key": "the-request", "type": "clause", "offset": [609, 620]}, {"key": "parent-borrower", "type": "definition", "offset": [628, 643]}, {"key": "in-the-case", "type": "clause", "offset": [648, 659]}, {"key": "a-non", "type": "clause", "offset": [663, 668]}, {"key": "aggregate-dollar-amount", "type": "definition", "offset": [853, 876]}, {"key": "obligations-shall", "type": "definition", "offset": [899, 916]}, {"key": "eurocurrency-loans", "type": "definition", "offset": [972, 990]}, {"key": "agreed-currencies", "type": "definition", "offset": [1011, 1028]}, {"key": "equal-to", "type": "definition", "offset": [1064, 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"type": "definition", "offset": [86, 120]}, {"key": "according-to", "type": "definition", "offset": [121, 133]}, {"key": "pro-rata-share", "type": "clause", "offset": [138, 152]}], "hash": "7f5ddc3cdff37d5d1f9a02ca3451114b", "id": 5}, {"snippet": "Notwithstanding the terms of this Section 2.19, the parties acknowledge and agree that Facility LCs shall not be available hereunder.", "samples": [{"hash": "6Go7duoYJTz", "uri": "/contracts/6Go7duoYJTz#facility-lcs", "label": "Credit Agreement (Extra Space Storage Inc.)", "score": 31.6365509033, "published": true}], "size": 1, "snippet_links": [{"key": "terms-of", "type": "clause", "offset": [20, 28]}, {"key": "the-parties-acknowledge-and-agree-that", "type": "clause", "offset": [48, 86]}], "hash": "963dd2792b8c435f03e81c7b97f3f7bd", "id": 6}, {"snippet": "Section 2.19 of the Credit Agreement shall be amended as follows:\n(a) Section 2.19.1 of the Credit Agreement shall be amended to read as follows:", "samples": [{"hash": "b1itZehflXE", "uri": "/contracts/b1itZehflXE#facility-lcs", "label": "Credit Agreement (Shaw Group Inc)", "score": 21.0, "published": true}], "size": 1, "snippet_links": [{"key": "the-credit-agreement", "type": "clause", "offset": [16, 36]}], "hash": "6bd92b1bd308a785828bce28743d219d", "id": 7}, {"snippet": "Upon acceleration of the maturity of the Obligations as provided in Section 8.1, (i) an amount equal to the maximum amount which would be available at any time to be drawn under Facility LCs then outstanding (whether or not any beneficiary under any Facility LC shall have presented, or shall be entitled at such time to present, the drafts or other documents required to draw under such Facility LC), and all reimbursement obligations in respect of such outstanding Facility LCs shall become forthwith due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby waived by the Borrower, (ii) the Agent may, with the consent of the Lenders, cause to be advanced for the account of the Borrower an Advance consisting of Loans bearing interest at the rate provided in Section 2.11(ii) in an amount equal to the aggregate amount so becoming due and payable, the proceeds of which Advance shall be paid directly into the LC C\u2587\u2587\u2587 \u2587\u2587\u2587lateral Account as hereinafter provided (such Advance to be funded by the Lenders in the manner provided in Section 2.1), and (iii) the Agent may exercise any rights or remedies under the LC C\u2587\u2587\u2587 \u2587\u2587\u2587lateral Assignment. So long as any Facility LC shall remain outstanding, any amounts described in clauses (i) and (ii) above with respect to the Facility LCs, when received by the Agent, shall be deposited in the LC C\u2587\u2587\u2587 \u2587\u2587\u2587lateral Account as cash collateral for the obligations of the Borrower hereunder in the event of any drawing under a Facility LC, and upon drawing under any outstanding Facility LC in respect of which the Agent has deposited in the LC C\u2587\u2587\u2587 \u2587\u2587\u2587lateral Account any amounts described in clause (i) above, the Agent shall pay such amounts held in the LC C\u2587\u2587\u2587 \u2587\u2587\u2587lateral Account to the LC Issuer to reimburse the LC Issuer for the amount of such drawing.", "samples": [{"hash": "dlHslDD5FhQ", "uri": "/contracts/dlHslDD5FhQ#facility-lcs", "label": "Credit Agreement (Industrial Distribution Group Inc)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "upon-acceleration", "type": "clause", "offset": [0, 17]}, {"key": "section-81", "type": "clause", "offset": [68, 79]}, {"key": "equal-to", "type": "definition", "offset": [95, 103]}, {"key": "maximum-amount", "type": "clause", "offset": [108, 122]}, {"key": "at-any-time", "type": "clause", "offset": [148, 159]}, {"key": "other-documents-required", "type": "clause", "offset": [344, 368]}, {"key": "reimbursement-obligations", "type": "clause", "offset": [410, 435]}, {"key": "in-respect-of", "type": "definition", "offset": [436, 449]}, {"key": "outstanding-facility", "type": "clause", "offset": [455, 475]}, {"key": "due-and-payable", "type": "clause", "offset": [503, 518]}, {"key": "notice-of-any", "type": "clause", "offset": [569, 582]}, {"key": "by-the-borrower", "type": "clause", "offset": [620, 635]}, {"key": "the-agent-may", "type": "clause", "offset": [642, 655]}, {"key": "consent-of-the-lenders", "type": "definition", "offset": [666, 688]}, {"key": "the-account", "type": "clause", "offset": [715, 726]}, {"key": "the-rate", "type": "clause", "offset": [794, 802]}, {"key": "section-21", "type": "clause", "offset": [815, 826]}, {"key": "aggregate-amount", "type": "definition", "offset": [858, 874]}, {"key": "by-the-lenders", "type": "clause", "offset": [1044, 1058]}, {"key": "rights-or-remedies", "type": "clause", "offset": [1136, 1154]}, {"key": "in-clauses", "type": "clause", "offset": [1271, 1281]}, {"key": "to-the-facility", "type": "definition", "offset": [1314, 1329]}, {"key": "by-the-agent", "type": "clause", "offset": [1349, 1361]}, {"key": "obligations-of-the-borrower", "type": "definition", "offset": [1443, 1470]}, {"key": "in-the-event-of", "type": "definition", "offset": [1481, 1496]}, {"key": "a-facility", "type": "definition", "offset": [1515, 1525]}, {"key": "the-agent-shall", "type": "clause", "offset": [1702, 1717]}, {"key": "amounts-held", "type": "clause", "offset": [1727, 1739]}, {"key": "lc-issuer", "type": "definition", "offset": [1781, 1790]}, {"key": "to-reimburse", "type": "definition", "offset": [1791, 1803]}], "hash": "a1ba808babf8a26763a044a268f30317", "id": 8}, {"snippet": "(a) Each of the LC Issuers hereby agrees, subject to satisfaction of the conditions precedent contained in SECTIONS 4.1 and 4.2 (the satisfaction of which the applicable LC Issuer shall have no duty to ascertain), on the terms and conditions set forth in this Agreement, to issue stand-by and commercial letters of credit (each, a \"FACILITY LC\") and to renew, extend, increase, decrease or otherwise modify each Facility LC (each a \"MODIFICATION\"), from time to time from and including the date of this Agreement and prior to the Revolving Loan Termination Date upon the request of the Borrower; PROVIDED that immediately after each such Facility LC is issued or after each such Modification, (i) the aggregate amount of the outstanding LC Obligations shall not exceed $100,000,000 and (ii) the Revolving Credit Obligations shall not exceed the Aggregate Revolving Loan Commitment; PROVIDED, FURTHER, that if the Borrower has requested a Lender other than First Chicago, Bank of America Illinois or The Bank of New York (the \"DESIGNATED ISSUERS\") to act as LC Issuer with respect to the issuance or Modification of a particular Facility LC, such issuance or Modification shall be made only in the sole discretion of such Lender; and PROVIDED, FURTHER, that no Designated Issuer shall be obligated to issue a Facility LC if, after taking into account the requested LC: (i) the aggregate amount of such Designated Issuer's LC Obligations would exceed", "samples": [{"hash": "6xHne3c8Lfo", "uri": "/contracts/6xHne3c8Lfo#facility-lcs", "label": "Credit Agreement (TJX Companies Inc /De/)", "score": 18.0, "published": true}], "size": 1, "snippet_links": [{"key": "lc-issuers", "type": "definition", "offset": [16, 26]}, {"key": "subject-to", "type": "clause", "offset": [42, 52]}, {"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [53, 93]}, {"key": "contained-in", "type": "definition", "offset": [94, 106]}, {"key": "the-applicable", "type": "clause", "offset": [155, 169]}, {"key": "no-duty-to-ascertain", "type": "clause", "offset": [191, 211]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [217, 241]}, {"key": "in-this-agreement", "type": "definition", "offset": [252, 269]}, {"key": "to-issue", "type": "clause", "offset": [271, 279]}, {"key": "commercial-letters-of-credit", "type": "definition", "offset": [293, 321]}, {"key": "facility-lc", "type": "definition", "offset": [332, 343]}, {"key": "from-time-to-time", "type": "clause", "offset": [449, 466]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [490, 512]}, {"key": "revolving-loan-termination-date", "type": "definition", "offset": [530, 561]}, {"key": "the-request", "type": "clause", "offset": [567, 578]}, {"key": "of-the-borrower", "type": "clause", "offset": [579, 594]}, {"key": "provided-that", "type": "definition", "offset": [596, 609]}, {"key": "aggregate-amount", "type": "definition", "offset": [701, 717]}, {"key": "obligations-shall", "type": "definition", "offset": [740, 757]}, {"key": "revolving-credit-obligations", "type": "definition", "offset": [795, 823]}, {"key": "aggregate-revolving-loan-commitment", "type": "clause", "offset": [845, 880]}, {"key": "a-lender", "type": "definition", "offset": [936, 944]}, {"key": "first-chicago", "type": "definition", "offset": [956, 969]}, {"key": "bank-of-america", "type": "definition", "offset": [971, 986]}, {"key": "the-bank-of-new-york", "type": "definition", "offset": [999, 1019]}, {"key": "to-act", "type": "definition", "offset": [1047, 1053]}, {"key": "with-respect-to", "type": "clause", "offset": [1067, 1082]}, {"key": "the-issuance", "type": "clause", "offset": [1083, 1095]}, {"key": "modification-of", "type": "clause", "offset": [1099, 1114]}, {"key": "sole-discretion", "type": "definition", "offset": [1197, 1212]}, {"key": "designated-issuer", "type": "definition", "offset": [1260, 1277]}, {"key": "a-facility", "type": "definition", "offset": [1306, 1316]}], "hash": "531f5e2d452c4594606199190e173c80", "id": 9}, {"snippet": "Issuance Lender hereby agrees, on the terms and conditions set forth in this Agreement, to issue standby letters of credit (each, a \u201cFacility LC\u201d) and to renew, extend, increase, decrease or otherwise modify each Facility LC (\u201cModify,\u201d and each such action a \u201cModification\u201d), from time to time from and including the date of this Agreement and prior to the Facility Termination Date upon the request of the Borrower; provided that immediately after each such Facility LC is issued or Modified, (i) the aggregate amount of the outstanding LC Obligations shall not exceed $5,000,000, and (ii) the Outstanding Credit Exposure shall not exceed the Revolving Commitment. No Facility LC shall have an expiry date later than the earlier of (x) the fifth Business Day prior to the Facility Termination Date and (y) one year after its issuance.", "samples": [{"hash": "8AQlZlOtZR7", "uri": "/contracts/8AQlZlOtZR7#facility-lcs", "label": "Credit Agreement (Airnet Systems Inc)", "score": 21.0, "published": true}], "size": 1, "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [34, 58]}, {"key": "in-this-agreement", "type": "definition", "offset": [69, 86]}, {"key": "to-issue", "type": "clause", "offset": [88, 96]}, {"key": "standby-letters-of-credit", "type": "clause", "offset": [97, 122]}, {"key": "facility-lc", "type": "definition", "offset": [133, 144]}, {"key": "from-time-to-time", "type": "clause", "offset": [276, 293]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [317, 339]}, {"key": "facility-termination-date", "type": "clause", "offset": [357, 382]}, {"key": "the-request", "type": "clause", "offset": [388, 399]}, {"key": "of-the-borrower", "type": "clause", "offset": [400, 415]}, {"key": "provided-that", "type": "definition", "offset": [417, 430]}, {"key": "aggregate-amount", "type": "definition", "offset": [502, 518]}, {"key": "obligations-shall", "type": "definition", "offset": [541, 558]}, {"key": "outstanding-credit-exposure", "type": "definition", "offset": [595, 622]}, {"key": "the-revolving-commitment", "type": "clause", "offset": [640, 664]}, {"key": "expiry-date", "type": "definition", "offset": [695, 706]}, {"key": "business-day", "type": "clause", "offset": [747, 759]}, {"key": "one-year", "type": "definition", "offset": [807, 815]}], "hash": "b51a1afbec21f251f8b8b29aca0fb142", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVmYWNpbGl0eS1sY3MjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["the-credits", "The Credits"], ["amounts-and-terms-of-the-commitments", "Amounts and Terms of the Commitments"], ["the-facility", "The Facility"], ["miscellaneous", "Miscellaneous"], ["headings", "Headings"]], "title": "Facility LCS", "children": [["obligations-absolute", "Obligations Absolute"], ["participations", "Participations"], ["indemnification", "Indemnification"], ["issuance", "Issuance"], ["notice", "Notice"]], "size": 428, "id": "facility-lcs", "related": [["letters-of-credit", "Letters of Credit", "Letters of Credit"], ["letter-of-credit-participations", "Letter of Credit Participations", "Letter of Credit Participations"], ["letter-of-credit-participation", "Letter of Credit Participation", "Letter of Credit Participation"], ["lenders-participation-in-letters-of-credit", "Lenders\u2019 Participation in Letters of Credit", "Lenders\u2019 Participation in Letters of Credit"], ["letter-of-credit-facility", "Letter of Credit Facility", "Letter of Credit Facility"]], "related_snippets": [], "updated": "2026-03-28T04:49:54+00:00"}, "json": true, "cursor": ""}}