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 Revolving 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 on or prior to the last day of the Availability Period) shall terminate with respect to any Collateralized Letter of Credit on the last day of the Availability Period (it being understood that the Revolving Lenders shall continue to participate in, and shall be required to reimburse in accordance with this Section, any LC Disbursement made on or prior to the last day of the Availability Period). Any participation held by any Revolving Lender in a Collateralized Letter of Credit after the last day of the Availability Period (other than in respect of any Unreimbursed Amounts arising from LC Disbursements made on or prior to the last day of the Availability Period) shall be deemed to have been assigned on the last day of the Availability Period 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 US Dollar Tranche Revolving 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 on or prior to the last day of the Availability PeriodRevolving Maturity Date) shall terminate with respect to any Collateralized Letter of Credit on upon the last day of the Availability Period Revolving Maturity Date (it being understood that the US Dollar Tranche Revolving Lenders shall continue to participate in, and shall be required to reimburse in accordance with this Section, any LC Disbursement made on or prior to the last day of the Availability PeriodRevolving Maturity Date). Any participation held by any US Dollar Tranche Revolving Lender in a Collateralized Letter of Credit after on the last day of the Availability Period Revolving Maturity Date (other than in respect of any Unreimbursed Amounts arising from LC Disbursements made on or prior to the last day of the Availability PeriodRevolving Maturity Date) shall be deemed to have been assigned on the last day of the Availability Period to the Issuing Bank that issued such Collateralized Letter of CreditCredit on the Revolving Maturity Date.

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