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

Letters of Credit Issued for 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 Subsidiary, the applicable Domestic Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunder. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses of such Subsidiaries.

Letters of Credit Issued for 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 Subsidiary, the applicable Domestic Borrower Company shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderas if such Letter of Credit were issued in support of obligations of, or for the account of, the Company. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses of such Subsidiaries.

Letters of Credit Issued for 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 SubsidiarySubsidiary (including, to the applicable Domestic Borrower extent not prohibited by Section 6.04, Unrestricted Subsidiaries) of the Company shall be obligated to reimburse the L/C Issuer hereunder applicable Issuing Lender for any and all such drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderCredit. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses business of such Subsidiaries.

Letters of Credit Issued for 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 Subsidiary, the applicable Domestic Borrower Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereundershall, at the option of the L/C Issuer, be listed as an account party thereto. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses of such Subsidiaries.

Letters of Credit Issued for 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 an L/C Subsidiary, the applicable Domestic Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderin accordance with the terms of this Section 2.04. The Company Borrower hereby acknowledges that the issuance of Letters of Credit for the account of L/C Subsidiaries inures to the benefit of the CompanyBorrower, and that the CompanyBorrower’s business derives substantial benefits from the businesses of such L/C Subsidiaries.

Letters of Credit Issued for 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 Subsidiary, the applicable Domestic Borrower shall be named as an account party in such Letter of Credit and shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderCredit. The Company Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the CompanyBorrower, and that the CompanyBorrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Letters of Credit Issued for 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 Subsidiary other than an LC Subsidiary, the applicable Domestic Borrower Company shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderCredit. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries (other than LC Subsidiaries) inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses of such Subsidiaries.

Letters of Credit Issued for 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 SubsidiaryDesignated Borrower or other Subsidiary of the Company, the applicable Domestic Borrower Company shall be obligated to reimburse the applicable L/C Issuer or Existing L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderCredit. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Designated Borrowers and other if its Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses of such Designated Borrowers and such other of its Subsidiaries.

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit of an L/C Issuer issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the applicable Domestic Borrower Company shall be obligated to reimburse the such L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderCredit. The Company hereby acknowledges that To the issuance of extent Letters of Credit are being issued for the account of Subsidiaries inures Subsidiaries, at the time of each such Credit Extension, such Letters of Credit do and will inure to the benefit of the Company, and that the Company’s business derives and will derive substantial benefits from the businesses of such Subsidiaries.

Letters of Credit Issued for 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 Subsidiary, the applicable Domestic Borrower shall be named as an account party in such Letter of Credit and shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereunderCredit. The Company Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the CompanyBorrower, and that the CompanyBorrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Letters of Credit Issued for 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 Subsidiary, the applicable Domestic Borrower Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit and to make any Cash Collateral deposits required hereundershall, at the option of the L/C Issuer, be listed as an account party thereto. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s 's business derives substantial benefits from the businesses of such Subsidiaries.