Common use of Risk Participations, Drawings, Reducing Letters of Credit and Reimbursements Clause in Contracts

Risk Participations, Drawings, Reducing Letters of Credit and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit Issued by Issuing Bank (including in the case of each Existing Letter of Credit, the deemed issuance with respect thereto on the Closing Date), each Revolving Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuing Bank a participation in such Letter of Credit and each drawing or Reducing L/C Borrowing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Letter of Credit (or, if a Defaulting Bank exists, and without limitation to the obligations of such Defaulting Bank under this Section 3.03, with respect to any Non-Defaulting Bank, its Revolving Pro Rata Adjusted Percentage, if applicable), times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing or Reducing Letter of Credit Borrowing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving Bank by an amount equal to the amount of such participation.

Risk Participations, Drawings, Reducing Letters of Credit and Reimbursements. (ad) Immediately upon the Issuance of each Letter of Credit Issued by Issuing Bank (including in the case of each Existing Letter of Credit, the deemed issuance with respect thereto on the Closing Date), each Revolving Working Capital Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Issuing Bank a participation in such Letter of Credit and each drawing or Reducing L/C Borrowing thereunder in an amount equal to the product of (i) the Revolving Working Capital Percentage of such Letter of Credit (or, if a Defaulting Bank exists, and without limitation to the obligations of such Defaulting Bank under this Section 3.03, with respect to any Non-Defaulting Bank, its Revolving Working Capital Pro Rata Adjusted Percentage, if applicable), times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing or Reducing Letter of Credit Borrowing, respectively. For purposes of Section 2.012.01(a), each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Working Capital Commitment of each Revolving Working Capital Bank by an amount equal to the amount of such participation.

Risk Participations, Drawings, Reducing Letters of Credit and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit Issued by an Issuing Bank (including in the case of each Existing Letter of Credit, the deemed issuance with respect thereto on the Closing Date)Bank, each Revolving Bank shall be deemed to, and hereby irrevocably and unconditionally 3rd A&R Credit Agreement [Enserco] 011038.0122\517034.09 agrees to, purchase from such Issuing Bank a participation in such Letter of Credit and each drawing or Reducing L/C Letter of Credit Borrowing thereunder in an amount equal to the product of (i) the Revolving Percentage of such Letter of Credit Pro Rata Advance Share (or, if a Defaulting Bank exists, and without limitation to the obligations of such Defaulting Bank under this Section 3.03, with respect to any Non-Defaulting Bank, its Revolving Pro Rata Adjusted PercentageShare, if applicable)) of such Bank, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing or Reducing Letter of Credit Borrowing, respectively. For purposes of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment Committed Line Portion of each Revolving Bank by an amount equal to the amount of such participation.