Common use of Designation of Subsidiaries as Account Parties Clause in Contracts

Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon the request of either Canadian Borrower, be issued for the account of any Subsidiary of such Canadian Borrower, provided that notwithstanding such request, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit and such request shall not affect the applicable Canadian Borrower’s reimbursement obligations hereunder with respect to such Canadian Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De)

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Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon may contain a statement to the request effect that such Canadian Letter of either Canadian Borrower, be Credit is issued for the account of any a Canadian Subsidiary of such the Canadian Borrower, Borrowers; provided that notwithstanding such requeststatement, the applicable Canadian Borrower Borrowers shall be the actual account party parties for all purposes of this Agreement for such Canadian Letter of Credit and such request statement shall not affect the applicable Canadian Borrower’s Borrowers' reimbursement obligations hereunder with respect to such Canadian Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Wolverine Tube Inc), Credit Agreement (Cott Corp /Cn/)

Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon may contain a statement to the request effect that such Canadian Letter of either Canadian Borrower, be Credit is issued for the account of any a Subsidiary of such the Canadian Borrower, ; provided that notwithstanding such requeststatement, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit and such request statement shall not affect the applicable Canadian Borrower’s 's reimbursement obligations hereunder with respect to such Canadian Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Shorewood Packaging Corp), Credit Agreement (Shorewood Packaging Corp)

Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a3.042.04(a), a Canadian Letter of Credit issued hereunder shall, upon the request of either the Canadian Borrower, be issued for the account of any Subsidiary of such the Canadian Borrower, provided that notwithstanding such request, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit Credit, and such request shall not affect the applicable Canadian Borrower’s reimbursement obligations hereunder with respect to such Canadian Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon the request of either Canadian Borrower, be issued for the account of any Subsidiary of such Canadian Borrower, provided that notwithstanding such request, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit and such request shall not affect the applicable Canadian Borrower’s 's reimbursement obligations hereunder with respect to such Canadian Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

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Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon the request of either Canadian Borrower, be issued for the account of any Subsidiary of such Canadian BorrowerBorrower or any Subsidiary of Parent organized in Canada or a province thereof, provided that notwithstanding such request, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit and such request shall not affect the applicable Canadian Borrower’s reimbursement obligations hereunder with respect to such Canadian Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Burlington Resources Inc)

Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon the request of either the Canadian Borrower, be issued for the account of any Subsidiary of such the Canadian Borrower, provided that notwithstanding such request, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit and such request shall not affect the applicable Canadian Borrower’s reimbursement obligations hereunder with respect to such Canadian Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including without limitation Section 3.04(a), a Canadian Letter of Credit issued hereunder shall, upon may contain a statement to the request effect that such Canadian Letter of either Canadian Borrower, be Credit is issued for the account of any a Subsidiary of such the Canadian Borrower, ; provided that notwithstanding such requeststatement, the applicable Canadian Borrower shall be the actual account party for all purposes of this Agreement for such Canadian Letter of Credit and such request statement shall not affect the applicable Canadian Borrower’s reimbursement obligations hereunder with respect to such Canadian Letter of Credit.Canadian

Appears in 1 contract

Samples: Credit Agreement (Shorewood Packaging Corp)

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