Common use of Applicant Under Letter of Credit Clause in Contracts

Applicant Under Letter of Credit. If the Borrower so requests in any applicable LC Application, any other Obligor may be named as the applicant in the applicable Letter of Credit; provided that the Borrower shall remain fully liable for all fees and reimbursement obligations in respect of such Letter of Credit.

Appears in 4 contracts

Samples: Credit Agreement (SemGroup Corp), Credit Agreement (SemGroup Corp), Credit Agreement (Kinder Morgan Canada LTD)

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Applicant Under Letter of Credit. If the Principal Borrower so requests in any applicable LC Application, any other Obligor may be named as the applicant in the applicable Letter of Credit; provided that the Principal Borrower shall remain fully liable for all fees and reimbursement obligations in respect of such Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan, Inc.), Credit Agreement (Kinder Morgan, Inc.)

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