Common use of Participations in Letters of Credit Clause in Contracts

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the Existing Letters of Credit, on the Effective Date), the Issuing Bank shall be deemed to have sold and transferred to each other Bank, and each other Bank shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Bank, without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s Percentage, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the Issuing Bank’s “participation” therein. The Issuing Bank hereby agrees, upon request of the Administrative Agent or any Bank, to deliver to such Bank a list of all outstanding Letters of Credit, together with such information related thereto as such Bank may reasonably request.

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the any Existing Letters Letter of Credit, on concurrently with the Effective Dateeffectiveness hereof), the Issuing Bank shall be deemed to have sold and transferred to each other Bank, and each other Bank shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Bank, without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s Percentage, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the Issuing Bank’s “participation” therein. The Issuing Bank hereby agrees, upon request of the Administrative Agent or any Bank, to deliver to such Bank a list of all outstanding Letters of CreditCredit issued by the Issuing Bank, together with such information related thereto as such Bank may reasonably request.

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the Existing Letters of Credit, on the Effective Date), the applicable Issuing Bank shall be deemed to have sold and transferred to each other Bank, and each other Bank shall be deemed irrevocably and unconditionally to have purchased and received from the such Issuing Bank, without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s Percentage, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the applicable Issuing Bank’s “participation” therein. The Each Issuing Bank hereby agrees, upon request of the Administrative Agent or any Bank, to deliver to such Bank a list of all outstanding Letters of Credit, together with such information related thereto as such Bank may reasonably request.

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the an Existing Letters Letter of Credit, on concurrently with the Effective Dateeffectiveness of this Agreement pursuant to SECTION 11.1), the Issuing Bank Issuer shall be deemed to have sold and transferred to each other Bank, and each other Bank shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Bank, Issuer without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s 's Percentage, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s 's reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the Issuing Bank’s “Issuer's "participation” " therein. The Issuing Bank Agent hereby agrees, upon request of the Administrative Agent or any Bank, to deliver to such Bank a list of all outstanding Letters of Credit, together with such information related thereto as such Bank may reasonably request.

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the with respect to each Existing Letters Letter of Credit, on the Effective Date), the Issuing Bank shall be deemed to have sold and transferred to each other Bank, and each other Bank shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Bank, without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s 's Percentage, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s applicable Borrower's reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the Issuing Bank’s “'s "participation” " therein. The Issuing Bank hereby agrees, upon request of the Administrative Agent or any Bank, to deliver to such Bank a list of all outstanding Letters of Credit, together with such information related thereto as such other Bank may reasonably request.

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the any Existing Letters Letter of Credit, on concurrently with the Effective Dateeffectiveness hereof), the Issuing Bank shall be deemed to have sold and transferred to each other Bank, and each other Bank shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Bank, without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s 's Percentage, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s 's reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the Issuing Bank’s “'s "participation” " therein. The Issuing Bank hereby agrees, upon request of the Administrative Agent or any Bank, to deliver to such Bank a list of all outstanding Letters of CreditCredit issued by the Issuing Bank, together with such information related thereto as such Bank may reasonably request.

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the Existing Letters of Credit, on the Effective Date), the applicable Issuing Bank shall be deemed to have sold and transferred to each other Bank, and each other Bank shall be deemed irrevocably and unconditionally to have purchased and received from the such Issuing Bank, without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s 's Percentage, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s 's reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the applicable Issuing Bank’s “'s "participation” " therein. The Each Issuing Bank hereby agrees, upon request of the Administrative Agent or any Bank, to deliver to such Bank a list of all outstanding Letters of CreditCredit issued by such Issuing Bank, together with such information related thereto as such Bank may reasonably request.

Participations in Letters of Credit. Concurrently with the issuance of each Letter of Credit (or, in the case of the any Existing Letters Letter of Credit, on the Effective Date), the Issuing Bank Lender shall be deemed to have sold and transferred to each other BankLender, and each other Bank Lender shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing BankLender, without recourse or warranty, an undivided interest and participation, to the extent of such other Bank’s PercentageLender's Pro Rata Share, in such Letter of Credit (or, if applicable, all Existing Letters of Credit) and the Company’s 's reimbursement obligations with respect thereto. For the purposes of this Agreement, the unparticipated portion of each Letter of Credit shall be deemed to be the Issuing Bank’s “Lender's "participation” " therein. The Issuing Bank Lender hereby agrees, upon request of the Administrative Agent or any BankLender, to deliver to the Agent or such Bank Lender a list of all outstanding Letters of CreditCredit issued by the Issuing Lender, together with such information related thereto as the Agent or such Bank Lender may reasonably request.