Common use of Collateralized Letters of Credit Clause in Contracts

Collateralized Letters of Credit. Notwithstanding anything to the contrary in this Section, the obligations of the Lenders to acquire participations in Letters of Credit and to reimburse any Issuing Bank for Unreimbursed Amounts (other than Unreimbursed Amounts arising from LC Disbursements made prior to the Maturity Date) shall terminate with respect to any Collateralized Letter of Credit on the Maturity Date (it being understood that the Lenders shall continue to participate in, and shall be required to reimburse in accordance with this Section, any LC Disbursement made prior to the Maturity Date). Any participation held by any Lender in a Collateralized Letter of Credit on the Maturity Date (other than in respect of any Unreimbursed Amounts arising from LC Disbursements made prior to the Maturity Date) shall be deemed to have been assigned on the Maturity Date to the Issuing Bank that issued such Collateralized Letter of Credit.

Collateralized Letters of Credit. Notwithstanding anything to the contrary in this Section, the obligations of the Lenders to acquire participations in Letters of Credit and to reimburse any Issuing Bank for Unreimbursed Amounts (other than Unreimbursed Amounts arising from LC Disbursements made prior to the Maturity DateDate applicable to Revolving Borrowings) shall terminate with respect to any Collateralized Letter of Credit on the such Maturity Date (it being understood that the Lenders shall continue to participate in, and shall be required to reimburse in accordance with this Section, any LC Disbursement made prior to the such Maturity Date). Any participation held by any Lender in a Collateralized Letter of Credit on the such Maturity Date (other than in respect of any Unreimbursed Amounts arising from LC Disbursements made prior to the such Maturity Date) shall be deemed to have been assigned on the such Maturity Date to the Issuing Bank that issued such Collateralized Letter of Credit.

Collateralized Letters of Credit. Notwithstanding anything to the contrary in this Section, the obligations of the Lenders to acquire participations in Letters of Credit and to reimburse any Issuing Bank for Unreimbursed Amounts (other than Unreimbursed Amounts arising from LC Disbursements made prior to the Maturity DateDate applicable to Revolving Borrowings) shall terminate with respect to any Collateralized Letter of Credit on the thesuch Maturity Date (it being understood that the Lenders shall continue to participate in, and shall be required to reimburse in accordance with this Section, any LC Disbursement made prior to the thesuch Maturity Date). Any participation held by any Lender in a Collateralized Letter of Credit on the thesuch Maturity Date (other than in respect of any Unreimbursed Amounts arising from LC Disbursements made prior to the thesuch Maturity Date) shall be deemed to have been assigned on the thesuch Maturity Date to the Issuing Bank that issued such Collateralized Letter of Credit.