Common use of Delphi Automotive Systems Pvt Clause in Contracts

Delphi Automotive Systems Pvt. Ltd. (“Delphi India”) has established a letter of credit (the “India L/C”) in support of its Steering Business. Delphi will cause Delphi India to keep the India L/C in place for no more than ninety (90) days following Closing (the “India L/C Period”). Parent will cause the applicable GM Buyer to establish, as soon as possible after Closing and in no event later than ninety (90) days following Closing, a replacement for the India L/C. Within ten (10) days after receipt of an invoice for such costs, Parent will pay or will cause the applicable GM Buyer to pay to Delphi India all costs incurred by Delphi India in connection with keeping the India L/C open during the India L/C Period.