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.?