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 Restricted Subsidiary, the Borrower shall be obligated to reimburse the applicable LC Issuer hereunder for any and all drawings under such Letter of Credit if not otherwise timely reimbursed by such Restricted Subsidiary. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted 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 Wholly Owned Restricted SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the applicable LC Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit if not otherwise timely reimbursed by such Restricted SubsidiaryCredit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Wholly Owned Subsidiaries of the Borrower inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted SubsidiariesWholly Owned Subsidiaries of the Borrower.

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 Restricted Subsidiary, the Borrower shall be obligated to reimburse the applicable LC L/C Issuer hereunder in accordance with the terms hereof for any and all drawings under such Letter of Credit if not otherwise timely reimbursed by and any other amounts payable under or in connection with such Restricted SubsidiaryLetter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted SubsidiariesSubsidiaries and the issuance of such Letters of Credit.

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 any Restricted Subsidiary, the Borrower shall be obligated to reimburse the applicable LC Issuer Issuing Lender hereunder for any and all drawings under such Letter of Credit if not otherwise timely reimbursed issued under the Revolving Facility by such Restricted Subsidiarythe Issuing Lender. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted 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 Restricted SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the applicable LC Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit if not otherwise timely reimbursed by such Restricted SubsidiaryCredit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of the Restricted Subsidiaries of the Borrower inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted SubsidiariesSubsidiaries of the Borrower.

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 Restricted Subsidiary, the Borrower BorrowerCompany shall be obligated to reimburse the applicable LC L/C Issuer hereunder for any and all drawings under such Letter of Credit if not otherwise timely reimbursed by such Restricted SubsidiaryCredit. The Borrower BorrowerCompany hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the BorrowerBorrowerCompany, and that the BorrowerBorrower’sCompany’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.