Common use of As to Letter-of-Credit Rights Clause in Contracts

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its Letter-of-Credit Rights to the Lender, intends to (and hereby does) collaterally assign to the Lender its rights (including its contingent rights ) to the Proceeds of all Letter-of-Credit Rights of which it is or hereafter becomes a beneficiary or assignee.

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its Letter-of-Credit Rights to the Lender, intends to (and hereby does) collaterally assign to the Lender its rights (including its contingent rights rights) to the Proceeds of all Letter-of-Credit Rights of which it is or hereafter becomes a beneficiary or assignee.

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its LetterReceivables consisting of letter-of-Credit Rights credit rights to the LenderCollateral Agent, intends to (and hereby does) collaterally assign to the Lender Collateral Agent its rights (including its contingent rights rights) to the Proceeds proceeds of all Letter-of-Credit Rights Related Contracts consisting of letters of credit of which it is or hereafter becomes a beneficiary or assignee.

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its LetterReceivables consisting of letter-of-Credit Rights credit rights to the LenderCollateral Trustees, intends to (and hereby does) collaterally assign to the Lender Collateral Trustees its rights (including its contingent rights ) to the Proceeds of all Letter-of-Credit Rights of which it is or hereafter becomes a beneficiary or assignee.contingent