Continuing Agreement For Standby Letters of Credit This Agreement is between Cubic Corporation Cubic Defence New Zealand, Ltd. Cubic Transportation Systems, Australia PTY Ltd., Cubic Transportation Systems, Inc., Cubic Defense Applications, Inc.,...Continuing Agreement • May 3rd, 2012 • Cubic Corp /De/ • Measuring & controlling devices, nec • New York
To induce JPMorgan Chase Bank, N.A. and/or any of its domestic or foreign subsidiaries or affiliates (individually and collectively, “Bank”), in its sole discretion, to issue for the account of the Applicant or for the account of the Account Party named in the Application, one or more standby letters of credit, or other independent undertakings from time to time at the request of the undersigned (individually and collectively, “Applicant”; jointly and severally, if more than one), Applicant agrees as to each letter of credit or undertaking (together with any replacements, extensions or modifications, a “Credit”, collectively, “Credits” ) as follows.
