Common use of Letter of Credit Facility Clause in Contracts

Letter of Credit Facility. CNB will, at the request of Borrower, at any time up to, but not including, the Termination Date, issue Letters of Credit for the account of Borrower. The aggregate face amount of outstanding Letters of Credit will not at any time exceed the lesser of (a) $15,000,000.00, less any amount by which the Revolving Credit Commitment has been reduced by Borrower (the “Letter of Credit Commitment”) or (b) the Revolving Credit Commitment less Revolving Credit Loans outstanding on the date of the request.

Letter of Credit Facility. CNB will, at the request of Borrower, at any time up to, but not including, the Termination Date, issue Letters of Credit for the account of Borrower. The aggregate face amount of outstanding Letters of Credit will not at any time exceed the lesser of (a) $15,000,000.00, less any amount by which the Revolving Credit Commitment has been reduced by Borrower 1,500,000.00 (the “Letter of Credit Commitment”) or (b) the Revolving Credit Commitment less Revolving Credit Loans outstanding on the date of the request.

Letter of Credit Facility. CNB will, at the request of Borrower, at any time up to, but not including, the Termination Date, issue Letters of Credit for the account of Borrower. The aggregate face amount of outstanding Letters of Credit will not at any time exceed the lesser of (a) $15,000,000.00, less any amount by which the Revolving Credit Commitment has been reduced by Borrower 15,000,000.00 (the “Letter of Credit Commitment”) or (b) the Revolving Credit Commitment less Revolving Credit Loans outstanding on the date of the request).

Letter of Credit Facility. CNB will, at the request of Borrower, at any time up to, but not including, the Termination Date, issue Letters of Credit for the account of Borrower. The aggregate face amount of outstanding Letters of Credit will not at any time exceed the lesser of (a) $15,000,000.00, less any amount by which the Revolving Credit Commitment has been reduced by Borrower 750,000.00 (the “"Letter of Credit Commitment”) or (b) the Revolving Credit Commitment less Revolving Credit Loans outstanding on the date of the request")."

Letter of Credit Facility. CNB will, at the request of Borrower, at the Borrower any time up to, but not including, to the Termination Date, issue Letters of Credit for the account of Borrower. The aggregate face amount of outstanding Letters of Credit will not at any time will not exceed the lesser of (a) $15,000,000.00, less any amount by which the Revolving Credit Commitment has been reduced by Borrower (the “Letter of Credit Commitment”) Commitment or (b) the Revolving Credit Commitment Borrowing Base, less Revolving Credit Loans outstanding on the date of the requestoutstanding.

Letter of Credit Facility. CNB will, at the request of Borrower, at Borrower any time up to, but not including, to the Termination Date, issue Letters of Credit for the account of Borrower. The aggregate face amount of outstanding Letters of Credit will not and unpaid drafts under drawn Letters of Credit at any time will not exceed the lesser of (a) $15,000,000.00, less any amount by which the Revolving Credit Commitment has been reduced by Borrower (the “Letter of Credit Commitment”) Commitment or (b) the Revolving Credit Commitment less Revolving Credit Loans outstanding on the date of the requestoutstanding.

Letter of Credit Facility. CNB will, at the request of Borrower, at Borrower any time up to, but not including, to the Termination Date, issue Letters of Credit for the account of Borrower. The aggregate face amount of outstanding Letters of Credit will not at any time will not exceed the lesser of (a) $15,000,000.00, less any amount by which the Revolving Credit Commitment has been reduced by Borrower (the “Letter of Credit Commitment”) Commitment or (b) the Revolving Credit Commitment Borrowing Base, less the amount of Revolving Credit Loans outstanding on and the date amount of the requestLetters of Guarantee outstanding.