Common use of Letters of Credit Issued for Restricted Subsidiaries Clause in Contracts

Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary of any Borrower, such Borrower shall be obligated to reimburse each L/C Issuer hereunder for any and all drawings under each Letter of Credit issued by such L/C Issuer. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Restricted Subsidiaries inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary of any BorrowerSubsidiary, such the Applicable Borrower shall be obligated to reimburse each the applicable L/C Issuer hereunder for any and all drawings under each such Letter of Credit issued by such L/C IssuerCredit. Each Revolving Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Restricted Subsidiaries inures to the benefit of such Revolving Borrower, and that such Revolving Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary of or any other Borrower, such each Borrower shall be obligated to reimburse each L/C the Letter of Credit Issuer hereunder for any and all drawings under each such Letter of Credit issued by such L/C IssuerCredit. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Restricted Subsidiaries or any other Borrower inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the businesses of such Restricted SubsidiariesSubsidiaries or other Borrower.

Letters of Credit Issued for Restricted Subsidiaries. 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 (or on behalf of a Restricted Subsidiary of any BorrowerSubsidiary), such Borrower the Borrowers shall be obligated to reimburse each the L/C Issuer hereunder for any and all drawings under each such Letter of Credit issued by such L/C IssuerCredit. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its the Loan Parties (or on behalf of Restricted Subsidiaries Subsidiaries) inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary of or any other Borrower, such each Borrower shall be obligated to reimburse each the L/C Issuer hereunder for any and all drawings under each such Letter of Credit issued by such L/C IssuerCredit. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Restricted Subsidiaries or any other Borrower inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the businesses of such Restricted SubsidiariesSubsidiaries or other Borrower.