L/C Sub-limit Cap

L/C Sub-limit Cap. The cap upon L/C Obligations under particular categories of Letters of Credit Issued under the Borrowing Base Line as follows (each such category below is referred to herein as a "Type" of Letter of Credit): (a) Performance L/Cs - $25,000,000.00; (b) Ninety (90) Day Transportation and Storage L/Cs - $150,000,000.00 but not to exceed the Elected Ninety (90) Day Transportation and Storage L/C Cap then in effect; (c) Three Hundred Sixty-Five (365) Day Transportation and Storage L/Cs -... $100,000,000.00 but not to exceed the Elected Three Hundred Sixty-Five (365) Day Transportation and Storage L/C Cap then in effect; (d) Ninety (90) Day Swap L/Cs - $100,000,000.00, but not to exceed the Elected Ninety (90) Day Swap L/C Cap then in effect; (e) Three Hundred Sixty-Five (365) Day Swap L/Cs - $75,000,000.00 but not to exceed the Elected Three Hundred Sixty-Five (365) Day Swap L/C then in effect; (f) Three Hundred Sixty-Five (365) Day Supply L/Cs - $25,000,000.00; (g) NGL Supply L/Cs - $25,000,000.00; (h) Coal Supply L/Cs - $25,000,000.00 and (i) Ninety (90) Day Supply L/Cs – the lesser of (A) Committed Line Portions subscribed to by the Banks as shown on Schedule 2.01 and (B) the Borrowing Base Sub-Cap then in effect less (i) any amounts outstanding under (a), (b), (c), (d), (e), (f), (g) and (h) above and (ii) the Effective Amount of all Loans. View More