Common use of Reimbursement Agreements Clause in Contracts

Reimbursement Agreements. Prior to issuance of each Letter of Credit, the Borrower will execute a Reimbursement Agreement (each a “Reimbursement Agreement”) in form and substance satisfactory to Lender, documenting its Obligations with respect to such Letter of Credit. Obligations under the Reimbursement Agreements are called herein “Reimbursement Obligations”. To the extent of any conflict between the terms of this Agreement and the Reimbursement Agreements or any letter of credit application, the terms of this Agreement shall control.