Common use of Letters of Credit; LC Guaranties Clause in Contracts

Letters of Credit; LC Guaranties. Lender agrees, for so long as no Default or Event of Default exists and if requested by Borrower, to (i) issue its, or cause to be issued its Affiliate’s, Letters of Credit for the account of Borrower or (ii) execute LC Guaranties by which Lender or its Affiliate shall guaranty the payment or performance by Borrower of its reimbursement obligations with respect to Letters of Credit and letters of credit issued for Borrower’s account by other Persons in support of Borrower’s obligations (other than obligations for the repayment of Money Borrowed), provided that the LC Amount at any time shall not exceed $8,000,000. No Letter of Credit or LC Guarantee may have an expiration date that is later than thirty (30) days prior to the last day of the Original Term or the then applicable Original Term. Any amounts paid by Lender under any LC Guaranty or in connection with any Letter of Credit shall be treated as Revolving Credit Loans, shall be secured by all of the Collateral and shall bear interest and be payable at the same rate and in the same manner as Revolving Credit Loans.

Letters of Credit; LC Guaranties. Lender agrees, for so long as no -------------------------------- Default or Event of Default exists and if requested by D&K on its own behalf or as agent for any Borrower, to (i) issue its, or cause to be issued its Affiliate’s's, Letters of Credit for the account of Borrower any Borrower, or (ii) execute LC Guaranties by which Lender or its Affiliate shall guaranty the payment or performance by any Borrower of its reimbursement obligations with respect to Letters of Credit and letters of credit issued for Borrower’s 's account by any other Persons in support of such Borrower’s 's obligations (other than obligations for the repayment of Money Borrowed), provided that the LC -------- Amount at any time shall not exceed $8,000,00025,000,000. No Letter of Credit or LC Guarantee Guaranty may have an expiration date that is later than thirty (30) days prior to after the last day of the Original Term or the then applicable Original Term. Any amounts paid by Lender under any LC Guaranty or in connection with any Letter of Credit shall be treated as Revolving Credit Loans, shall be secured by all of the Collateral Collateral, and shall bear interest and be payable at the same rate and in the same manner as Revolving Credit Loans.

Letters of Credit; LC Guaranties. Lender agrees, for so -------------------------------- long as no Default or Event of Default exists and if requested by D&K on its own behalf or as agent for any Borrower, to (i) issue its, its or cause to be issued its Affiliate’s's, Letters of Credit for the account of Borrower any Borrower, or (ii) execute LC Guaranties by which Lender or its Affiliate shall guaranty the payment or of performance by any Borrower of its reimbursement obligations with respect to Letters of Credit and letters of credit issued for Borrower’s 's account by any other Persons in support of such Borrower’s 's obligations (other than obligations for the repayment of Money Borrowed), provided that the LC Amount at any time shall not -------- exceed $8,000,00025,000,000. No Letter of Credit or LC Guarantee Guaranty may have an expiration date that is later than thirty (30) days prior to after the last day of the Original Term or the then applicable Original Term. Any amounts paid by Lender under any LC Guaranty or in connection with any Letter of Credit shall be treated as Revolving Credit Loans, shall be secured by all of the Collateral Collateral, and shall bear interest and be payable at the same rate and in the same manner as Revolving Credit Loans.

Letters of Credit; LC Guaranties. Lender agrees, for so long as no Default or Event of Default exists and if requested by D&K on its own behalf or as agent for any Borrower, to (i) issue its, or cause to be issued its Affiliate’s's, Letters of Credit for the account of any Borrower or (ii) execute LC Guaranties by which Lender or its Affiliate shall guaranty the payment or performance by any Borrower of its reimbursement obligations with respect to Letters of Credit and letters of credit issued for Borrower’s 's account by other Persons in support of such Borrower’s 's obligations (other than obligations for the repayment of Money Borrowed), provided provide that the LC Amount at any time shall not exceed $8,000,00010,000,000. No Letter of Credit Creditor or LC Guarantee may have an expiration date that is later than thirty (30) days prior to after the last day of the Original Term or the then applicable Original Term. Any amounts paid by Lender under any LC Guaranty or in connection with any Letter of Credit shall be treated as Revolving Credit Loans, shall be secured by all of the Collateral and shall bear interest and be payable at the same rate and in the same manner as Revolving Credit Loans."

Letters of Credit; LC Guaranties. Lender agrees, for so long as no Default or Event of Default exists and if requested by BorrowerACPI, to (i) issue its, or cause to be issued its Affiliate’s's, Letters of Credit for the account of such Borrower as ACPI shall request or (ii) execute LC Guaranties by which Lender or its Affiliate shall guaranty the payment or performance by such Borrower as ACPI shall request of its reimbursement obligations with respect to Letters of Credit and letters of credit issued for Borrower’s such Xxxxxxxx's account by other Persons in support of such Borrower’s 's obligations (other than obligations for the repayment of Money Borrowed), provided PROVIDED that the LC Amount at any time shall not exceed $8,000,0003,000,000. No Letter of Credit or LC Guarantee may have an expiration date that is later than thirty (30) days prior to after the last day of the Original Term or the then applicable Original Term. Any amounts paid by Lender under any LC Guaranty or in connection with any Letter of Credit shall be treated as Revolving Credit Loans, shall be secured by all of the Collateral and shall bear interest and be payable at the same rate and in the same manner as Revolving Credit LoansBase Rate Portions.

Letters of Credit; LC Guaranties. Lender agrees, for so long as no Default or Event of Default exists and if requested by D&K on its own behalf or as agent for any Borrower, to (i) issue its, or cause to be issued its Affiliate’s's, Letters of Credit for the account of any Borrower or (ii) execute LC Guaranties by which Lender or its Affiliate shall guaranty the payment or performance by any Borrower of its reimbursement obligations with respect to Letters of Credit and letters of credit issued for Borrower’s 's account by other Persons in support of such Borrower’s 's obligations (other than obligations for the repayment of Money Borrowed), provided that the LC Amount at any time shall not exceed $8,000,0001,000,000. No Letter of Credit or LC Guarantee may have an expiration date that is later than thirty (30) days prior to after the last day of the Original Term or the then applicable Original Term. Any amounts paid by Lender under any LC Guaranty or in connection with any Letter of Credit shall be treated as Revolving Credit Loans, shall be secured by all of the Collateral and shall bear interest and be payable at the same rate and in the same manner as Revolving Credit Loans.