Spirit Airlines 2012 Annual Report Download - page 56

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excess above the lines of credit if the derivatives are in a net liability position and make periodic payments in order to maintain an adequate undrawn portion for physical
fuel delivery.
As of December 31, 2012 , we have $4.1 million in uncollateralized surety bonds and a $10.0 million unsecured standby letter of credit facility, representing an off
balance-sheet commitment, of which $7.0 million had been drawn upon for issued letters of credit.
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