Common use of Letters of Credit Issued for Other Credit Parties or Subsidiaries Clause in Contracts

Letters of Credit Issued for Other Credit Parties or Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, another Credit Party or a Subsidiary, the Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of other Credit Parties or Subsidiaries inures to the benefit of the Borrowers, and that the Borrowers’ business derives substantial benefits from the businesses of such Credit Parties and Subsidiaries.

Letters of Credit Issued for Other Credit Parties or Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, another Credit Party or of a SubsidiarySubsidiary of either Borrower, the Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers Each Borrower hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of other Credit Parties or Subsidiaries of either Borrower inures to the benefit of the Borrowersits benefit, and that the Borrowers’ its business derives substantial benefits from the businesses of such Credit Parties and Subsidiaries.

Letters of Credit Issued for Other Credit Parties or Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, another Credit Party or a Subsidiary, the Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of other Credit Parties or Subsidiaries inures to the benefit of the Borrowers, and that the Borrowers’ business derives substantial benefits from the businesses of such Credit Parties and Subsidiaries.

Letters of Credit Issued for Other Credit Parties or Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, another Credit Party or a Subsidiary, the Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of other Credit Parties or Subsidiaries inures to the benefit of the Borrowers, and that the Borrowers’ business derives substantial benefits from the businesses of such other Credit Parties and or Subsidiaries.

Letters of Credit Issued for Other Credit Parties or Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, another Credit Party or a Subsidiary, the Borrowers Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers Borrower hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of other Credit Parties or Subsidiaries inures to the benefit of the BorrowersBorrower, and that the BorrowersBorrower’ business derives substantial benefits from the businesses of such Credit Parties and Subsidiaries.