Common use of References to Bank Clause in Contracts

References to Bank. Notwithstanding any provisions contained herein to the contrary, the Bank shall be entitled to take all actions and exercise all rights hereunder for its own account so long as the Bank has not wrongfully dishonored any drawings under the Letter of Credit and the Bank is not in liquidation, bankruptcy or receivership proceedings. After the expiration or termination of the Letter of Credit and after all obligations owed to the Bank pursuant to the Reimbursement Agreement have been paid in full or discharged, all references to the Bank contained herein shall be null and void and of no further force and effect.

References to Bank. Notwithstanding any provisions contained herein to the contrary, the Bank shall be entitled to take all actions and exercise all its rights hereunder for its own account in accordance with the Credit Agreement so long as the Bank has not wrongfully dishonored any drawings under the Letter of Credit and the Bank is not in liquidation, bankruptcy or receivership proceedings. After the expiration or termination of the Letter of Credit and after all obligations owed to the Bank pursuant to the Reimbursement Credit Agreement with respect to the Letter of Credit have been paid in full or discharged, all references to the Bank contained herein shall be null and void and of no further force and effect.