Common use of Guaranty by the Borrower of Reimbursement Obligations under Existing Letters of Credit Clause in Contracts

Guaranty by the Borrower of Reimbursement Obligations under Existing Letters of Credit. The Borrower hereby guarantees the payment, promptly when due, of all Reimbursement Obligations of Fossil Partners with respect to the Existing Letters of Credit.

Guaranty by the Borrower of Reimbursement Obligations under Existing Letters of Credit. The Borrower hereby guarantees the payment, promptly when due, of all Reimbursement Obligations of Fossil Partners with respect to the Existing Letters of Credit. ARTICLE IV [INTENTIONALLY OMITTED.]