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 of an Obligor, the Borrowers shall be obligated to reimburse the Issuing Lender hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing Lender. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any of Subsidiary of an Obligor inures to the benefit of such Borrower, and that such Borrower’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 of an Obligorthe Borrower, both such Subsidiary and the Borrowers Borrower that is the parent of such Subsidiary shall be jointly and severally obligated to reimburse the Issuing Lender L/C Issuer hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing LenderCredit. Each The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any of Subsidiary of an Obligor its Subsidiaries inures to the benefit of such the Borrower, and that such the Borrower’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 of an Obligorthe Borrower, the Borrowers Borrower shall be obligated to reimburse the applicable Issuing Lender hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing Lender(or deemed issued) hereunder. Each The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries or any of Subsidiary of an Obligor the Parent inures to the benefit of such the Borrower, and that such the Borrower’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 of an Obligora Borrower, the Borrowers shall be obligated to reimburse the Issuing Lender hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing Lender. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any of Subsidiary of an Obligor a Borrower inures to the benefit of such Borrower, and that such Borrower’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 of an Obligorthe Borrower, the Borrowers Borrower shall be obligated to reimburse the Issuing Lender Bank hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing LenderCredit. Each The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any Subsidiaries of Subsidiary of an Obligor the Borrower inures to the benefit of such the Borrower, and that such the Borrower’s business derives substantial benefits from the businesses of such 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, or the applicant therefor is, a Subsidiary of an Obligorthe Borrower, the Borrowers Borrower shall be obligated to reimburse the Issuing Lender applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing LenderCredit. Each The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of, or upon the application, of any Subsidiaries of Subsidiary of an Obligor the Borrower inures to the benefit of such the Borrower, and that such the Borrower’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 of an Obligorthe Borrower, the Borrowers Borrower shall be named as an account party in such Letter of Credit and shall be obligated to reimburse the Issuing Lender hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing Lenderand all fees and any other costs and expenses associated therewith. Each The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any of Subsidiary of an Obligor its Subsidiaries inures to the benefit of such the Borrower, and that such the Borrower’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 Holdings, any Subsidiary of an ObligorHoldings or any other Borrower, the Borrowers each Borrower shall be obligated to reimburse the Issuing Lender Letter of Credit Issuer hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing LenderCredit. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Holdings, any of Subsidiary of an Obligor Holdings or any other Borrower inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the businesses of Holdings, such SubsidiariesSubsidiary of Holdings or such other 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 Subsidiary of an Obligoror any other Borrower, the Borrowers each Borrower shall be obligated to reimburse the Issuing Lender hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing LenderCredit. Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries or any of Subsidiary of an Obligor other Borrower inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the businesses of such SubsidiariesSubsidiaries or other 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 Subsidiary of an ObligorSubsidiary, the Borrowers shall be (subject to the provisions of Section 3.3(a)) obligated to reimburse reimburse, or to cause the applicable Subsidiary to reimburse, the applicable Issuing Lender hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing LenderCredit. Each Borrower The Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of any of Subsidiary of an Obligor its Subsidiaries inures to the benefit of such Borrower, the Borrowers and that such Borrower’s each Borrowers’ 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 of an ObligorWholly-Owned Restricted Subsidiary, the Borrowers Borrower shall be obligated to reimburse the Issuing Lender each L/C Issuer hereunder for any and all drawings under such Letter of Credit issued under the either Facility by the Issuing LenderCredit. Each The Borrower hereby acknowledges that the issuance of Letters of Credit at the Borrower’s request for the account of any of Subsidiary of an Obligor Wholly-Owned Restricted Subsidiaries inures to the benefit of such the Borrower, and that such the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.