Common use of Letters of Credit Issued for Loan Parties Clause in Contracts

Letters of Credit Issued for Loan Parties. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Loan Party, the Borrower shall be obligated to reimburse the LC Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any Loan Party inures to the benefit of the Borrower and that the Borrower’s business derives substantial benefits from the businesses of such Loan Party.

Letters of Credit Issued for Loan Parties. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Loan PartyParty other than the Borrower, the Borrower shall be obligated to reimburse the LC Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any other Loan Party inures to the benefit of the Borrower Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such other Loan PartyParties.

Letters of Credit Issued for Loan Parties. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Loan Party, the Borrower shall be obligated to reimburse the LC Issuing Lender L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any Loan Party Parties inures to the benefit of the Borrower Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Loan PartyParties.

Letters of Credit Issued for Loan Parties. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Loan Party, Party the Borrower shall be obligated to reimburse the LC Issuing Lender L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any Loan Party Parties inures to the benefit of the Borrower Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Loan Party.

Letters of Credit Issued for Loan Parties. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Loan Party, the Borrower shall be obligated to reimburse the LC Issuing Lender L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any Loan Party Parties inures to the benefit of the Borrower Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Loan PartyParties.

Letters of Credit Issued for Loan Parties. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a another Loan Party, the Borrower shall be obligated to reimburse the LC Issuing Lender Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any the Loan Party Parties inures to the benefit of the Borrower Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Loan PartyParties.