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 Collateral Agent, intends to (and hereby does) assign to the Collateral Agent its rights (including its contingent rights) to the proceeds of all letters of credit of which it is or hereafter becomes a beneficiary. Each Grantor will promptly cause the issuer of such letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof and deliver written evidence of such consent to the Collateral Agent. (b) If an Event of Default shall have occurred and be continuing, each Grantor will, promptly upon request by the Collateral Agent, notify (and such Grantor hereby authorizes the Collateral Agent to notify) the issuer and each nominated person with respect to each of its pledged letters of credit that (i) the proceeds thereof have been assigned to the Collateral Agent hereunder and (ii) any payments due or to become due in respect thereof are to be made directly to the Collateral Agent or its designee.

As to Letter-of-Credit Rights. (a) Each Grantor, by ------------------------------ granting a security interest in its Letter-of-Credit Rights to the Collateral Agent, intends to (and hereby does) assign to the Collateral Agent its rights (including its contingent rights) to the proceeds of all letters of credit of which it is or hereafter becomes a beneficiary. Each Grantor will promptly cause the issuer of such letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof and deliver written evidence of such consent to the Collateral Agent. (b) If an Event of Default shall have occurred and be continuing, each Grantor will, promptly upon request by the Collateral Agent, notify (and such Grantor hereby authorizes the Collateral Agent to notify) the issuer and each nominated person with respect to each of its pledged letters of credit that (i) the proceeds thereof have been assigned to the Collateral Agent hereunder and (ii) any payments due or to become due in respect thereof are to be made directly to the Collateral Agent or its designee.

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 in respect of any letter of credit of $5,000,000 or more to the Collateral Agent, intends to (and hereby does) assign to the Collateral Agent its rights (including its contingent rights) to the proceeds of all Related Contracts consisting of such letters of credit of which it is or hereafter becomes a beneficiary. Each Upon the request of the Collateral Agent, each Grantor will promptly use its commercially reasonable efforts to cause the issuer of each such letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof and deliver written evidence of such consent to the Collateral Agent. (b) If Upon the occurrence and during the continuance of an Event of Default shall have occurred and be continuingDefault, each Grantor will, promptly upon request by the Collateral Agent, (i) notify (and such Grantor hereby authorizes the Collateral Agent to notify) the issuer and each nominated person with respect to each of its pledged the Related Contracts consisting of letters of credit of $5,000,000 or more that (i) the proceeds thereof have been assigned to the Collateral Agent hereunder and (ii) any payments due or to become due in respect thereof are to be made directly to the Collateral Agent or its designeedesignee and (ii) arrange for the Collateral Agent to become the transferee beneficiary of such letter of credit.

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 Collateral Agent, intends to (and hereby does) assign to the Collateral Agent its rights (including its contingent rights) to the proceeds of all Related Contracts consisting of letters of credit of which it is or hereafter becomes a beneficiarybeneficiary or assignee. Each Except for letters of credit the aggregate face amounts of which do not exceed $3,000,000 for all Grantors, each Grantor will use commercially reasonable efforts to promptly cause the issuer of such each letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof pursuant to a consent in form and substance satisfactory to the Collateral Agent and deliver written evidence of such consent to the Collateral Agent. (b) If Upon the occurrence of an Event of Default shall have occurred and be continuingDefault, each Grantor will, promptly upon request by the Collateral Agent, notify (and such Grantor hereby authorizes the Collateral Agent to notify) the issuer and each nominated person with respect to each of its pledged the Related Contracts consisting of letters of credit that (i) the proceeds thereof have been assigned to the Collateral Agent hereunder and (ii) any payments due or to become due in respect thereof are to be made directly to the Collateral Agent or its designeehereunder.

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 First Lien Collateral Agent, intends to (and hereby does) assign to the First Lien Collateral Agent its rights (including its contingent rights) to the proceeds of all Related Contracts consisting of letters of credit of which it is or hereafter becomes a beneficiarybeneficiary or assignee. Each Grantor will promptly use its commercially reasonable efforts to cause the issuer of such each letter of credit with a face amount greater than $2,000,000 and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof pursuant to a consent in form and substance reasonably satisfactory to the First Lien Collateral Agent and deliver written evidence of such consent to the First Lien Collateral Agent. (b) If an Upon the occurrence of a First Lien Event of Default shall have occurred and be continuingDefault, each Grantor will, promptly upon request by the First Lien Collateral Agent, Agent (i) notify (and such Grantor hereby authorizes the Collateral Agent to notify) the issuer and each nominated person with respect to each of its pledged letters of credit that (i) the proceeds thereof have been assigned to the Collateral Agent hereunder and (ii) any payments due or to become due in respect thereof are to be made directly to the Collateral Agent or its designee.Grantor

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 Collateral Agent, intends to (and hereby does) assign to the Collateral Agent its rights (including its contingent rights) to the proceeds of all Related Contracts consisting of letters of credit of which it is or hereafter becomes a beneficiarybeneficiary or assignee. Each Except for letters of credit the aggregate face amounts of which do not exceed $7,500,000 for all Grantors, each Grantor will use commercially reasonable efforts to promptly cause the issuer of such each letter of credit and each nominated person (if any) with respect thereto to consent to such assignment of the proceeds thereof pursuant to a consent in form and substance satisfactory to the Collateral Agent and deliver written evidence of such consent to the Collateral Agent. (b) If Upon the occurrence of an Event of Default shall have occurred and be continuingDefault, each Grantor will, promptly upon request by the Collateral Agent, notify (and such Grantor hereby authorizes the Collateral Agent to notify) the issuer and each nominated person with respect to each of its pledged the Related Contracts consisting of letters of credit that (i) the proceeds thereof have been assigned to the Collateral Agent hereunder and (ii) any payments due or to become due in respect thereof are to be made directly to the Collateral Agent or its designeehereunder.