Common use of Letters of Credit for the Account of Subsidiaries Clause in Contracts

Letters of Credit for the Account of Subsidiaries. Each Revolving Borrower and its applicable Subsidiary shall be jointly and severally liable for any Letter of Credit which is issued jointly for the account of that Revolving Borrower and any of its Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Mt Investors Inc/), Credit Agreement (Mt Investors Inc), Credit Agreement (Mt Investors Inc)

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Letters of Credit for the Account of Subsidiaries. Each Revolving Borrower and its applicable Subsidiary shall be jointly and severally liable for any Letter of Credit which is issued jointly for the account of that Revolving Borrower and any of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Mettler Toledo Holding Inc), Credit Agreement (Mettler Toledo Holding Inc)

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Letters of Credit for the Account of Subsidiaries. Each Revolving Borrower and its applicable Subsidiary Subsidiaries shall be jointly and severally liable for any Letter of Credit which is issued jointly for the account of that Revolving Borrower and any of its Subsidiaries.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Greif Brothers Corp), Senior Secured Credit Agreement (Greif Brothers Corp)

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