Common use of Replacement of the Issuing Bank Clause in Contracts

Replacement of the Issuing Bank. An Issuing Bank may be replaced at any time by written agreement among the Borrower Representative, the Administrative Agent (or the Singapore Administrative Agent or the UAE Administrative Agent, as applicable), the replaced Issuing Bank and the successor Issuing Bank. The Applicable Agent shall notify the applicable Revolving Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, each Borrower shall pay all unpaid fees accrued and payable by such Borrower for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit of the applicable Class to be issued thereafter, and (ii) references herein to the term “Issuing Bank” (with respect to such Class) shall be deemed to refer to such successor or to any previous Issuing Bank (with respect to such Class), or to such successor and all previous Issuing Banks (with respect to such Class), as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

Replacement of the Issuing Bank. An Issuing Bank JPMorgan Chase Bank, N.A. may be replaced as an Issuing Bank hereunder at any time by written agreement among the Borrower RepresentativeBorrower, the Administrative Agent (or the Singapore Administrative Agent or the UAE Administrative Agent, as applicable)JPMorgan Chase Bank, the replaced Issuing Bank N.A. and the successor Issuing Banksuccessor. The Applicable Administrative Agent shall notify the applicable Revolving Lenders of any such replacement of an Issuing JPMorgan Chase Bank. , N. A. At the time any such replacement shall become effective, each the Borrower shall pay all unpaid fees accrued and payable by such Borrower for the account of JPMorgan Chase Bank, N.A. in its capacity as the replaced Issuing Bank pursuant to Section 2.12(b2.11(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the an Issuing Bank under this Agreement with respect to Letters of Credit of the applicable Class to be issued thereafter, thereafter and (ii) references herein to the term “Issuing Bank” (with respect to such Class) shall be deemed to refer to such successor or to any previous Issuing Bank (with respect to such Class)Bank, or to such successor and all previous Issuing Banks (with respect to such Class)Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

Replacement of the Issuing Bank. An The Issuing Bank may be replaced at any time by written agreement among the Borrower RepresentativeBorrower, the Administrative Agent (or the Singapore Administrative Agent or the UAE Administrative Agent, as applicable), the replaced Issuing Bank and the successor Issuing Bank; provided that no consent of the replaced Issuing Bank will be required if the replaced Issuing Bank has no Letters of Credit or Reimbursement Obligations with respect thereto outstanding. The Applicable Administrative Agent shall notify the applicable Revolving Lenders of any such replacement of an the Issuing Bank. At the time any such replacement shall become effective, each the Borrower shall pay all unpaid fees accrued and payable by such Borrower for the account of the replaced Issuing Bank pursuant to Section 2.12(b2.11(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit of the applicable Class to be issued thereafter, thereafter and (ii) references herein to the term “Issuing Bank” (with respect to such Class) shall be deemed to refer to such successor or to any previous Issuing Bank (with respect to such Class)Bank, or to such successor and all previous Issuing Banks (with respect to such Class)Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit then outstanding and issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

Replacement of the Issuing Bank. An The Issuing Bank may be ------------------------------- replaced at any time by written agreement among the Borrower RepresentativeU.S. Borrower, the Administrative Agent (or the Singapore Administrative Agent or the UAE U.S. Administrative Agent, as applicable), the replaced Issuing Bank and the successor Issuing Bank. The Applicable U.S. Administrative Agent shall notify the applicable U.S. $ Revolving Lenders of any such replacement of an the Issuing Bank. At the time any such replacement shall become effective, each the U.S. Borrower shall pay all unpaid fees accrued and payable by such Borrower for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit of the applicable Class to be issued thereafter, thereafter and (ii) references herein to the term “"Issuing Bank” (with respect to such Class) " shall be deemed to refer to such successor or to any previous Issuing Bank (with respect to such Class)Bank, or to such successor and all previous Issuing Banks (with respect to such Class)Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

Replacement of the Issuing Bank. An Any Issuing Bank may be replaced at any time by written agreement among the Borrower RepresentativeBorrower, the Administrative Agent (or the Singapore Administrative Agent or the UAE Administrative Agent, as applicable), the replaced Issuing Bank and the successor Issuing Bank (which may be an existing Issuing Bank that agrees to assume the replaced Issuing Bank’s commitment to issue Letters of Credit). The Applicable Administrative Agent shall notify the applicable Revolving Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, each the Borrower shall pay all unpaid fees accrued and payable by such Borrower for the account of the replaced Issuing Bank pursuant to Section 2.12(b2.12(c). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the an Issuing Bank under this Agreement with respect to Letters of Credit of the applicable Class to be issued thereafter, thereafter and (ii) references herein to the term “Issuing Bank” (with respect to such Class) shall be deemed to refer to include such successor or to any previous Issuing Bank (with respect to such Class)Bank, or to such successor and all previous Issuing Banks (with respect to such Class)Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.