Subject to the terms and conditions set forth herein, any Account Party may request the Issuing Lender to issue, at any time and from time to time during the Availability Period, Fronted Letters of Credit for its own account. Each Fronted Letter of Credit shall be in such form as is consistent with the requirements of the applicable regulatory authorities as reasonably determined by the Administrative Agent (in consultation with XL Group) or as otherwise agreed to by the Administrative Agent and XL Group. Fronted Letters of Credit issued hereunder shall constitute utilization of the Commitments. Such Fronted Letters of Credit shall be denominated, at the relevant Account Party’s request, in Dollars or any Alternative Currency.