Common use of TERMINATION OF LETTER OF CREDIT COMMITMENT Clause in Contracts

TERMINATION OF LETTER OF CREDIT COMMITMENT. In the event that (i) any restriction is imposed on the Letter of Credit Issuer (including, without limitation, any legal lending or acceptance limits imposed by the United States of America or any political subdivision thereof) which in the reasonable judgment of the Letter of Credit Issuer would prevent the Letter of Credit Issuer from issuing Letters of Credit or maintaining its commitment to issue Letters of Credit or (ii) there shall have occurred, at any time during the term of this Agreement (A) any adverse change or a development involving a prospective adverse change affecting the condition of any of the Borrowers which would materially impair the ability of the Borrowers to meet their obligations under this Article 5, (B) any outbreak of hostilities or other national or international crisis or change in economic conditions if the effect of such outbreak, crisis or change would make the creation of Letters of Credit or the discount or sale thereof impracticable, or (C) the enactment, publication, decree or other promulgation of any Law which would materially and adversely affect the ability of the Borrowers to perform their obligations under this Agreement, then the Letter of Credit Issuer, through the Agent, in the case of the occurrence of any event described above, shall give written notice of the occurrence of such event to the Borrowers and the Lenders, whereupon the commitment of the Letter of Credit Issuer to issue Letters of Credit shall terminate on the effective date of such notice. The Borrowers shall forthwith pay to the Letter of Credit Issuer all obligations in respect of Letters of Credit on the date of drawing of such Letter of Credit.

TERMINATION OF LETTER OF CREDIT COMMITMENT. In the event that (i) any restriction is imposed on the Letter of Credit Issuer (including, without limitation, any legal lending or acceptance limits imposed by the United States of America or any political subdivision thereof) which in the reasonable judgment of the Letter of Credit Issuer would prevent the Letter of Credit Issuer from issuing Letters of Credit or maintaining its commitment to issue Letters of Credit or (ii) there shall have occurred, at any time during the term of this Agreement (A) any adverse change or a development involving a prospective adverse change affecting the condition of any of the Borrowers which would materially impair the ability of the Borrowers to meet their obligations under this Article 5, (B) any outbreak of hostilities or other national or international crisis or change in economic conditions if the effect of such outbreak, crisis or change would make the creation of Letters of Credit or the discount or sale thereof impracticable, or (C) the enactment, publication, decree or other promulgation of any Law statute, regulation, rule or order of any court or other governmental authority which would materially and adversely affect the ability of the Borrowers to perform their obligations under this Agreement, then the Letter of Credit Issuer, through the Agent, in the case of the occurrence of any event described above, shall give written notice of the occurrence of such event to the Borrowers and the Lenders, whereupon the commitment of the Letter of Credit Issuer to issue Letters of Credit shall terminate on the effective date of such notice. The Borrowers shall forthwith pay to the Letter of Credit Issuer all obligations in respect of Letters of Credit on the date of drawing of such Letter of Credit.

TERMINATION OF LETTER OF CREDIT COMMITMENT. In the event that that: (i) any restriction is imposed on the any Designated Letter of Credit Issuer (including, without limitation, any legal lending or acceptance limits imposed by the United States of America or any political subdivision thereofthereof or of any foreign government or central bank) which in the reasonable judgment of the such Designated Letter of Credit Issuer would prevent the such Designated Letter of Credit Issuer from issuing Letters of Credit or maintaining its commitment to issue Letters of Credit or (ii) there shall have occurred, at any time during the term of this Agreement Agreement: (A) any adverse change or a development involving a prospective adverse change affecting the condition of any of the Borrowers which would materially impair the ability of the Borrowers to meet their obligations under this Article 5, (B) any outbreak of hostilities or other national or international crisis or change in economic conditions if the effect of such outbreak, crisis or change would make the creation issuance of Letters of Credit or the discount or sale thereof impracticable, or (CB) the enactment, publication, decree or other promulgation of any Law statute, regulation, rule or order of any court or other governmental authority which would materially and adversely affect the ability of the Borrowers to perform their obligations under this Agreement or the ability of any Letter of Credit Obligor to perform its obligations under this Agreement or any Reimbursement Agreement, or (C) the taking of any action by any government or agency in respect of its monetary or fiscal affairs which would have a material adverse effect on the issuance of Letters of Credit, then the such Designated Letter of Credit Issuer, through the Agent, in the case of the occurrence of any event described abovehereinabove, shall give written notice of the occurrence of such event to the Borrowers Borrower Representative and the LendersAdministrative Agent and Designated European Administrative Agent, if applicable, whereupon the commitment of the such Designated Letter of Credit Issuer to issue Letters or extend any Letter of Credit shall terminate be suspended on the effective date of such notice. The Borrowers notice and shall forthwith pay continue to be suspended until the Letter of Credit Issuer all obligations in respect of Letters of Credit on the date of drawing effect of such Letter of Creditevent shall cease to exist.

TERMINATION OF LETTER OF CREDIT COMMITMENT. In the event that that: (i) any restriction is imposed on the Designated Letter of Credit Issuer (including, without limitation, any legal lending or acceptance limits imposed by the United States of America or any political subdivision thereofthereof or of any foreign government or central Lender) which in the reasonable judgment of the Designated Letter of Credit Issuer would prevent the Designated Letter of Credit Issuer from issuing Letters of Credit or maintaining its commitment to issue Letters of Credit or (ii) there shall have occurred, at any time during the term of this Agreement Agreement: (A) any adverse change or a development involving a prospective adverse change affecting the condition of any of the Borrowers which would materially impair the ability of the Borrowers to meet their obligations under this Article 5, (B) any outbreak of hostilities or other national or international crisis or change in economic conditions if the effect of such outbreak, crisis or change would make the creation issuance of Letters of Credit or the discount or sale thereof impracticable, or (CB) the enactment, publication, decree or other promulgation of any Law statute, regulation, rule or order of any court or other governmental authority which would materially and adversely affect the ability of the Borrowers Borrower to perform their obligations under this Agreement or the ability of any Letter of Credit Obligor to perform its obligations under this Agreement or any Reimbursement Agreement, then or (C) the taking of any action by any government or agency in respect of its monetary or fiscal affairs which would have a material adverse effect on the issuance of Letters of Credit, THEN the Designated Letter of Credit Issuer, through the Agent, in the case of the occurrence of any event described abovehereinabove, shall give written notice of the occurrence of such event to the Borrowers Borrower and the Lenders, Administrative Agent whereupon the commitment of the Designated Letter of Credit Issuer to issue Letters or extend any Letter of Credit shall terminate be suspended on the effective date of such notice. The Borrowers notice and shall forthwith pay continue to be suspended until the Letter of Credit Issuer all obligations in respect of Letters of Credit on the date of drawing effect of such Letter of Creditevent shall cease to exist.

TERMINATION OF LETTER OF CREDIT COMMITMENT. In the event that (i) any restriction is imposed on the Letter of Credit Issuer Bank (including, without limitation, any legal lending or acceptance limits imposed by the United States of America or any political subdivision thereof) which in the reasonable judgment of the Letter of Credit Issuer Bank after consultation with the Borrower would prevent the Letter of Credit Issuer Bank from issuing Letters of Credit or maintaining its commitment to issue Letters of Credit or (ii) there shall have occurred, at any time during the term of this Agreement (A) any adverse change or a development involving a prospective adverse change affecting the condition of any of the Borrowers Borrower which would materially impair the ability of the Borrowers Borrower to meet their obligations under this Article 5, (B) any outbreak of hostilities or other national or international crisis or change in economic conditions if the effect of such outbreak, crisis or change would make the creation of Letters of Credit or the discount or sale thereof impracticable, or (C) the enactment, publication, decree or other promulgation of any Law statute, regulation, rule or order of any court or other governmental authority which would materially and adversely affect the ability of the Borrowers Borrower to perform their its obligations under this Agreement, then the Letter of Credit IssuerBank, through the Agent, in the case of the occurrence of any event described above, shall give written notice of the occurrence of such event to the Borrowers Borrower and the LendersBanks, whereupon the commitment of the Letter of Credit Issuer Bank to issue Letters of Credit shall terminate on the effective date of such notice. The Borrowers Borrower shall forthwith pay to the Letter of Credit Issuer Bank all obligations in respect of Letters of Credit on the date of drawing of such Letter of Credit.

TERMINATION OF LETTER OF CREDIT COMMITMENT. In the event that (i) any restriction is imposed on the Letter of Credit Issuer (including, without limitation, any legal lending or acceptance limits imposed by the United States of America or any political subdivision thereof) which in the reasonable judgment of the Letter of Credit Issuer would prevent the Letter of Credit Issuer from issuing Letters of Credit or maintaining its commitment to issue Letters of Credit or (ii) there shall have occurred, at any time during the term of this Agreement (A) any adverse change or a development involving a prospective adverse change affecting the condition of any of the Borrowers which would materially impair the ability of the Borrowers to meet their obligations under this Article 5, (B) any outbreak of hostilities or other national or international crisis or change in economic conditions if the effect of such outbreak, crisis or change would make the creation of Letters of Credit or the discount or sale thereof impracticable, or (C) the enactment, publication, decree or other promulgation of any Law which would materially and adversely affect the ability of the Borrowers to perform their obligations under this Agreement, then the Letter of Credit Issuer, through the Lead Agent, in the case of the occurrence of any event described above, shall give written notice of the occurrence of such event to the Borrowers and the Lenders, whereupon the commitment of the Letter of Credit Issuer to issue Letters of Credit shall terminate on the effective date of such notice. The Borrowers shall forthwith pay to the Letter of Credit Issuer all obligations in respect of Letters of Credit on the date of drawing of such Letter of Credit.

TERMINATION OF LETTER OF CREDIT COMMITMENT. In the event that (i) any restriction is imposed on the Letter of Credit Issuer Bank (including, without limitation, any legal lending or acceptance limits imposed by the United States of America or any political subdivision thereof) which in the reasonable judgment of the Letter of Credit Issuer Bank after consultation with the Borrowers would prevent the Letter of Credit Issuer Bank from issuing Letters of Credit or maintaining its commitment to issue Letters of Credit or (ii) there shall have occurred, at any time during the term of this Agreement (A) any adverse change or a development involving a prospective adverse change affecting the condition of any of the Borrowers which would materially impair the ability of the Borrowers to meet their obligations under this Article 5, (B) any outbreak of hostilities or other national or international crisis or change in economic conditions if the effect of such outbreak, crisis or change would make the creation of Letters of Credit or the discount or sale thereof impracticable, or (C) the enactment, publication, decree or other promulgation of any Law statute, regulation, rule or order of any court or other governmental authority which would materially and adversely affect the ability of the Borrowers to perform their its obligations under this Agreement, then the Letter of Credit IssuerBank, through the Agent, in the case of the occurrence of any event described above, shall give written notice of the occurrence of such event to the Borrowers and the LendersBanks, whereupon the commitment of the Letter of Credit Issuer Bank to issue Letters of Credit shall terminate on the effective date of such notice. The Borrowers shall forthwith pay to the Letter of Credit Issuer Bank all obligations in respect of Letters of Credit on the date of drawing of such Letter of Credit.