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 the Borrower, both such Subsidiary and the Borrower that is the parent of such Subsidiary shall be jointly and severally obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the Borrower, and that 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 the BorrowerSubsidiary, both such Subsidiary and the Borrower that is the parent of such Subsidiary shall be jointly and severally obligated to reimburse the L/C Issuer hereunder (to the extent not otherwise paid by another Letter of Credit Obligor) for any and all drawings under such Letter of Credit and all fees and expenses related to such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the Borrower, and that 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 the Borrower, both such Subsidiary and the Borrower that is the parent of such Subsidiary shall be jointly and severally obligated to reimburse the L/C Issuer applicable Issuing Lender hereunder for any and all drawings under such Letter of CreditCredit issued (or deemed issued) hereunder. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries or any Subsidiary of the Parent inures to the benefit of the Borrower, and that 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 (including, in the case of the Company, the Canadian Borrower, both such Subsidiary and ) the applicable Borrower that is the parent of such Subsidiary shall be jointly and severally obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter all Letters of CreditCredit issued as applicable thereof. The Each Borrower hereby acknowledges that the issuance of Letters of Credit requested by it for the account of its Subsidiaries a Subsidiary inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses business of such SubsidiariesSubsidiary.

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 Borrower, both such Subsidiary and the Borrower that is the parent of such Subsidiary Borrowers shall be jointly and severally obligated to reimburse the L/C Issuer Issuing Lender hereunder for any and all drawings under such Letter of CreditCredit issued under the either Facility by the Issuing Lender. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries any of Subsidiary of an Obligor inures to the benefit of the such Borrower, and that the 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 the a Borrower, both such Subsidiary and the Borrower that is the parent of such Subsidiary Borrowers shall be jointly and severally obligated to reimburse the L/C Issuer Issuing Lender hereunder for any and all drawings under such Letter of CreditCredit issued under the either Facility by the Issuing Lender. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries any of Subsidiary of a Borrower inures to the benefit of the such Borrower, and that the 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, or the applicant therefor is, a Subsidiary of the Borrower, both such Subsidiary and the Borrower that is the parent of such Subsidiary shall be jointly and severally obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of, or upon the application, of its 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 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 the BorrowerWholly-Owned Restricted Subsidiary, both such Subsidiary and the Borrower that is the parent of such Subsidiary shall be jointly and severally obligated to reimburse the each L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit at the Borrower’s request for the account of its Wholly-Owned Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.