Franchisee agrees to structure the letter of credit in such a manner so that if the cable administrator at any time draws upon the letter of credit, the amount of available credit shall automatically increase to the extent necessary to replenish that portion of the available credit exhausted by the honoring of the city’s draft. The intent of this subsection is to make available to the city at all times a letter of credit in the amount specified in the franchise agreement. (Ord. 205 § 3, 2001)