Common use of LC Subsidiaries Clause in Contracts

LC Subsidiaries. Any Subsidiary of the Borrower not an LC Subsidiary on the date hereof may become an “LC Subsidiary” hereunder by delivering to the respective Issuing Bank (which shall promptly forward a copy thereof to each Lender and the Agent) an agreement, in form and substance satisfactory to such Issuing Bank, wherein such Subsidiary agrees to be bound by all terms and provisions of this Agreement relating to Letters of Credit to be issued for the account of such Subsidiary and delivers a written consent of the Borrower assenting to the inclusion of such Subsidiary as an “LC Subsidiary” hereunder. Unless objected to by the Majority Lenders within the 10 day period referred to below, such Subsidiary shall become an “LC Subsidiary” hereunder 10 days after such Issuing Bank notifies the Borrower that such agreement and consent are in form and substance satisfactory to it; provided, that, no Subsidiary shall become an “LC Subsidiary” until such Issuing Bank shall have notified the Borrower in writing that such agreement and consent are in form and substance satisfactory to such Issuing Bank.

LC Subsidiaries. Any Subsidiary of the Borrower not an LC Subsidiary on the date hereof may become an “"LC Subsidiary” " hereunder by delivering to the respective Issuing Bank (which shall promptly forward a copy thereof to each LC Lender and the Agent) an agreement, in form and substance satisfactory to such the Issuing Bank, wherein such Subsidiary agrees to be bound by all terms and provisions of this Agreement relating to Letters of Credit to be issued for the account of such Subsidiary and delivers a written consent of the Borrower assenting to the inclusion of such Subsidiary as an “"LC Subsidiary” " hereunder. Unless objected to by the Majority LC Lenders within the 10 day period referred to below, such Subsidiary shall become an “"LC Subsidiary” " hereunder 10 days after such the Issuing Bank notifies the Borrower that such agreement and consent are in form and substance satisfactory to it; provided, that, no Subsidiary shall become an “"LC Subsidiary” " until such the Issuing Bank shall have notified the Borrower in writing that such agreement and consent are in form and substance satisfactory to such the Issuing Bank.

LC Subsidiaries. Any Subsidiary of the Borrower not an LC --------------- Subsidiary on the date hereof may become an “"LC Subsidiary” " hereunder by delivering to the respective Issuing Bank (which shall promptly forward a copy thereof to each LC Lender and the Agent) an agreement, in form and substance satisfactory to such the Issuing Bank, wherein such Subsidiary agrees to be bound by all terms and provisions of this Agreement relating to Letters of Credit to be issued for the account of such Subsidiary and delivers a written consent of the Borrower assenting to the inclusion of such Subsidiary as an “"LC Subsidiary” " hereunder. Unless objected to by the Majority LC Lenders within the 10 day period referred to below, such Subsidiary shall become an “"LC Subsidiary” " hereunder 10 days after such the Issuing Bank notifies the Borrower that such agreement and consent are in form and substance satisfactory to it; provided, that, no Subsidiary shall -------- ---- become an “"LC Subsidiary” " until such the Issuing Bank shall have notified the Borrower in writing that such agreement and consent are in form and substance satisfactory to such the Issuing Bank.

LC Subsidiaries. Any Subsidiary of the Borrower not an --------------- LC Subsidiary on the date hereof may become an “"LC Subsidiary” " hereunder by delivering to the respective Issuing Bank (which shall promptly forward a copy thereof to each LC Lender and the Agent) an agreement, in form and substance satisfactory to such the Issuing Bank, wherein such Subsidiary agrees to be bound by all terms and provisions of this Agreement relating to Letters of Credit to be issued for the account of such Subsidiary and delivers a written consent of the Borrower assenting to the inclusion of such Subsidiary as an “"LC Subsidiary” " hereunder. Unless objected to by the Majority LC Lenders within the 10 day period referred to below, such Subsidiary shall become an “"LC Subsidiary” " hereunder 10 days after such the Issuing Bank notifies the Borrower that such agreement and consent are in form and substance satisfactory to it; provided, that, no Subsidiary shall -------- ---- become an “"LC Subsidiary” " until such the Issuing Bank shall have notified the Borrower in writing that such agreement and consent are in form and substance satisfactory to such the Issuing Bank.

LC Subsidiaries. Any Subsidiary of the Borrower not an LC ---------------------------- Subsidiary on the date hereof may become an “"LC Subsidiary” " hereunder by delivering to the respective Issuing Bank (which shall promptly forward a copy thereof to each Lender and the Agent) an agreement, in form and substance satisfactory to such Issuing Bank, wherein such Subsidiary agrees to be bound by all terms and provisions of this Agreement relating to Letters of Credit to be issued for the account of such Subsidiary and delivers a written consent of the Borrower assenting to the inclusion of such Subsidiary as an “"LC Subsidiary” " hereunder. Unless objected to by the Majority Lenders within the 10 day period referred to below, such Subsidiary shall become an “"LC Subsidiary” " hereunder 10 days after such Issuing Bank notifies the Borrower that such agreement and consent are in form and substance satisfactory to it; provided, -------- that, no Subsidiary shall become an “"LC Subsidiary” " until such Issuing Bank ---- shall have notified the Borrower in writing that such agreement and consent are in form and substance satisfactory to such Issuing Bank.

LC Subsidiaries. Any Subsidiary of the Borrower not an LC Subsidiary on the date hereof may become an “"LC Subsidiary” " hereunder by delivering to the respective Issuing Bank (which shall promptly forward a copy thereof to each Lender and the Agent) an agreement, in form and substance satisfactory to such Issuing Bank, wherein such Subsidiary agrees to be bound by all terms and provisions of this Agreement relating to Letters of Credit to be issued for the account of such Subsidiary and delivers a written consent of the Borrower assenting to the inclusion of such Subsidiary as an “"LC Subsidiary” " hereunder. Unless objected to by the Majority Lenders within the 10 day period referred to below, such Subsidiary shall become an “"LC Subsidiary” " hereunder 10 days after such Issuing Bank notifies the Borrower that such agreement and consent are in form and substance satisfactory to it; provided, that, no Subsidiary shall become an “"LC Subsidiary” " until such Issuing Bank shall have notified the Borrower in writing that such agreement and consent are in form and substance satisfactory to such Issuing Bank.