310.15(B)(2) Adjustment Factors.  
(a)     More Than Three Current-Carrying Conductors in a Raceway or  Cable. Where the number of current-carrying conductors in a raceway or  cable exceeds three, or where single conductors or multiconductor cables  are installed without maintaining spacing for a continuous length  longer than 600 mm (24 in.) and are not installed in raceways, the  allowable ampacity of each conductor shall be reduced as shown in Table  310.15(B)
Exception No. 5:  Adjustment factors shall not apply to Type AC cable or  to Type MC cable without an overall outer jacket under the following  conditions:     
(1)     Each cable has not more than three current-carrying conductors.   
(2)     The conductors are 12 AWG copper. 
(3)     Not more than 20 current-carrying conductors are bundled,  stacked, or supported on ?bridle rings.?