Common use of Commitment to Issue Letters of Credit Clause in Contracts

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s customary form (a “Letter of Credit Application”), the Administrative Agent on behalf of the Revolving Credit Lenders and in reliance upon the agreement of the Revolving Credit Lenders set forth in §5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “Letter of Credit”), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (i) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 at any one time and (ii) the sum of (1) the Maximum Drawing Amount on all Letters of Credit, (2) all Unpaid Reimbursement Obligations, and (3) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such time.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 (S)5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, -------- ------- that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 10,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such timeCommitment.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s customary form (a “Letter of Credit Application”), the Administrative Agent on behalf of the Revolving Credit Lenders and in reliance upon the agreement of the Revolving Credit Lenders set forth in §5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “Letter of Credit”), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (i) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 20,000,000 at any one time and (ii) the sum of (1) the Maximum Drawing Amount on all Letters of Credit, (2) all Unpaid Reimbursement Obligations, and (3) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such time.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 ss.5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit prior to the Revolving Credit Loan Maturity Date (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; providedPROVIDED, howeverHOWEVER, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed Two Million Dollars ($50,000,000 2,000,000) at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the lesser of (A) the Total Revolving Credit Commitment at such timeand (B) the Borrowing Base.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s customary form (a “Letter of Credit Application”), the Administrative Agent Agent, on behalf of the Revolving Credit Lenders and in reliance upon the agreement of the Revolving Credit Lenders set forth in §5.1.4 3.1(d) and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “Letter of Credit”), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (i) the sum of the aggregate Maximum Drawing Amount at such time and all Unpaid Reimbursement Obligations at such time shall not exceed $50,000,000 at any one time time, and (ii) the sum of (1A) the Maximum Drawing Amount on all Letters of Creditat such time, (2B) all Unpaid Reimbursement ObligationsObligations at such time, and (3C) the aggregate unpaid principal amount of all Revolving Credit Loans outstanding then outstanding, shall not exceed the Total Revolving Credit Commitment in effect at such time.. (b)

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 Section 4.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 5,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the lesser of (A) the Total Revolving Credit Commitment at such timeand (B) the Borrowing Base.

Commitment to Issue Letters of Credit. (a) Subject to the terms ------------------------------------- and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 (S)4.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving -------- ------- effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 10,000,000 at any one time time, and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such time.Commitment

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §Section 5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 20,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the lesser of (A) the Total Revolving Credit Commitment at such timeand (B) the Borrowing Base.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower Borrowers of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 Section 4.1.4 hereof and upon the representations and warranties of the Borrower Borrowers contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of any of the Borrower Borrowers one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower Borrowers and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 20,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such timeMaximum Availability.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 Section 3A.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; providedPROVIDED, howeverHOWEVER, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed Five Hundred Thousand Dollars ($50,000,000 500,000) at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the lesser of (A) the Total Revolving Credit Commitment at such timeand (B) the Borrowing Base.

Commitment to Issue Letters of Credit. (a) Subject to the terms and ------------------------------------- conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 (S)7.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) -------- ------- the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 5,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such timeCommitment.

Commitment to Issue Letters of Credit. (a) Subject to the terms and ------------------------------------- conditions hereof and the execution and delivery by the Borrower Borrowers of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 ss.4.1.4 and upon the representations and warranties of the Borrower Borrowers contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower Borrowers one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower Borrowers and agreed to by the Administrative Agent; provided, however, that, after giving effect to such -------- ------- request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 20,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of CreditAmount, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the lesser of (A) the sum of the Total Commitment and (B) the Revolving Credit Commitment at such timeBorrowing Base.

Commitment to Issue Letters of Credit. (a) Subject to the ------------------------------------- terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 (S)5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, -------- ------- (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 10,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such timeCommitment.

Commitment to Issue Letters of Credit. (a) Subject to the terms and ------------------------------------- conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 inss.4.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving -------- ------- effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 10,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of CreditAmount, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the lesser of (A) the Total Revolving Credit Commitment at such timeand (B) the Borrowing Base.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 (S)4.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 10,000,000 at any one time time, and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such time.Commitment

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §Section 5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 5,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such timeCommitment.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower Borrowers of a letter of credit application on the Administrative Agent’s Fronting Bank's customary form as part of a Completed Revolving Credit Loan Request (a “"Letter of Credit Application”"), the Administrative Agent Fronting Bank on behalf of the Revolving Credit Lenders and in reliance upon the agreement of the Revolving Credit Lenders set forth in §5.1.4 ss.3.1.4 and upon the representations and warranties of the Borrower Borrowers contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower Borrowers one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower Representative and reasonably agreed to by the Administrative AgentFronting Bank; provided, however, that, after giving effect to such requestCompleted Revolving Credit Loan Request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 at any one time and time, (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2) all Unpaid Reimbursement Obligations, Credit and (3ii) the amount of all Revolving Credit Loans and Competitive Bid Loans outstanding shall not exceed the Total Revolving Credit Commitment in effect at such time, and (c) the total number of Letters of Credit outstanding shall not exceed ten (10).

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s Issuing Bank's customary form (a “"Letter of Credit Application”"), the Administrative Agent Issuing Bank on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 inss.5.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative AgentIssuing Bank; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 20,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of CreditAmount, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such timeCommitment.

Commitment to Issue Letters of Credit. (a) Subject to the terms and ------------------------------------- conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 ss.4.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) the -------- ------- sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 1,000,000 at any one time and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of CreditAmount, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Tranche A Loans outstanding shall not exceed the lesser of (A) the sum of the Total Revolving Credit Commitment at such timeminus the outstanding amount of Tranche B Loans and (B) the ----- Tranche A Borrowing Base.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s Fronting Bank's customary form as part of a Completed Revolving Credit Loan Request (a “Letter of Credit Application”"LETTER OF CREDIT APPLICATION"), the Administrative Agent Fronting Bank on behalf of the Revolving Credit Lenders and in reliance upon the agreement of the Revolving Credit Lenders set forth in §5.1.4 Section 3.1.4 and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “Letter of Credit”"LETTER OF CREDIT"), in such form as may be requested from time to time by the Borrower and reasonably agreed to by the Administrative AgentFronting Bank; providedPROVIDED, howeverHOWEVER, that, after giving effect to such requestCompleted Revolving Credit Loan Request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 100,000,000 at any one time and time, (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2) all Unpaid Reimbursement Obligations, Credit and (3ii) the amount of all Revolving Credit Loans and Competitive Bid Loans outstanding shall not exceed the Total Revolving Credit Commitment in effect at such time, and (c) the total number of Letters of Credit outstanding shall not exceed twenty-five (25).

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “Letter of Credit Application”"LETTER OF CREDIT APPLICATION"), the Administrative Agent on behalf of the Revolving Credit Lenders and in reliance upon the agreement of the Revolving Credit Lenders set forth in §SECTION 5.1.4 below and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, agrees to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, each a “Letter of Credit”"LETTER OF CREDIT"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; providedPROVIDED, howeverHOWEVER, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 9,000,000 at any one time and time, (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the lesser of (A) the Total Revolving Credit Commitment at and (B) the Borrowing Base and (c) the principal amounts outstanding under the UK Facility (including the maximum amount available to be drawn under letters of credit and other collateral instruments issued under such timefacility) shall equal or exceed (pound)2,000,000.

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Managing Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Managing Agent on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §Section 5.1.4 below and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, agrees to issue, extend and renew for the account of the Borrower one or more standby letters of credit (individually, each a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Managing Agent; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not exceed $50,000,000 at any one time time, and (iib) the sum of (1i) the Maximum Drawing Amount on all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Tranche A Loans outstanding shall not exceed the Total Revolving Credit Tranche A Commitment at such time.Amount. 5.1.2

Commitment to Issue Letters of Credit. (a) Subject to the terms and conditions hereof and the execution and delivery by the Borrower of a letter of credit application on the Administrative Agent’s 's customary form (a “"Letter of Credit Application”"), the Administrative Agent Agent, on behalf of the Revolving Credit Lenders Banks and in reliance upon the agreement of the Revolving Credit Lenders Banks set forth in §5.1.4 (S)4.1.4 hereof and upon the representations and warranties of the Borrower contained herein, agrees, in its individual capacity, to issue, extend and renew for the account of the Borrower one or more standby or documentary letters of credit (individually, a “"Letter of Credit”"), in such form as may be requested from time to time by the Borrower and agreed to by the Administrative Agent; provided, however, that, after giving effect to such request, (ia) the sum of the aggregate Maximum Drawing Amount and of all Letters of Credit plus all Unpaid Reimbursement Obligations shall does not exceed $50,000,000 at any one time 15,000,000 and (iib) the sum of (1i) the Maximum Drawing Amount on of all Letters of Credit, (2ii) all Unpaid Reimbursement Obligations, and (3iii) the amount of all Revolving Credit Loans outstanding shall not exceed the Total Revolving Credit Commitment at such timeCommitment.