Common use of Certain Existing Letter of Credit Clause in Contracts

Certain Existing Letter of Credit. The Company unconditionally and irrevocably agrees that, in connection with the Existing Letter of Credit issued for the account of Pulse Italy S.r.L., it will be fully responsible for the reimbursement of L/C Disbursements, the payment of interest thereon and the payment of all other amounts due hereunder under such Existing Letter of Credit to the same extent as if the Company were the account party in respect of such Existing Letter of Credit.

Appears in 4 contracts

Samples: Third Amendment Agreement (Pulse Electronics Corp), Second Amendment Agreement (Pulse Electronics Corp), Credit Agreement (Technitrol Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!