Commercial Letters of Credit; Bankers’ Acceptances; Bank Guarantees. No Issuing Bank (or any Affiliate or branch thereof) shall be required to issue any Letter of Credit other than a standby letter of credit, without such Issuing Bank’s consent; provided that in the event that any Issuing Bank does not consent to issue bank guarantees, bankers’ acceptances and/or trade letters of credit, such Issuing Bank will, at the Borrower’s request and expense and subject to the other limitations set forth in this Section 2.04, use commercially reasonable efforts to enter into backstop arrangements with one or more other banks reasonably satisfactory to the Borrower whereby such non-consenting Issuing Bank shall issue a standby Letter of Credit, on the terms and conditions set forth herein, to backstop the applicable bank guarantee, bankers’ acceptance and/or trade letter of credit (as applicable) issued by such other bank or banks, as applicable.
