Common use of As to Letter-of-Credit Rights Clause in Contracts

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its Letter of Credit Rights to the Administrative Agent, intends to (and hereby does) collaterally assign to the Administrative Agent its rights (including its contingent rights ) to the Proceeds of all Letter of Credit Rights of which it is or hereafter becomes a beneficiary or assignee.

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its Letter of Letter-of-Credit Rights to the Administrative Agent, intends to (and hereby does) collaterally assign to the Administrative Agent its rights (including its contingent rights ) to the Proceeds of all Letter of Letter-of-Credit Rights of which it is or hereafter becomes a beneficiary or assignee.

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its Letter of Letter-of-Credit Rights to the Administrative Agent, intends to (and hereby does) collaterally assign to the Administrative Agent its rights (including its contingent rights rights) to the Proceeds of all Letter of Letter-of-Credit Rights of which it is or hereafter becomes a beneficiary or assignee.

As to Letter-of-Credit Rights. (a) Each Grantor, by granting a security interest in its Letter of Credit Rights to the Administrative Agent, intends to (and hereby does) collaterally assign to the Administrative Agent its rights (including its contingent rights rights) to the Proceeds of all Letter of Credit Rights of which it is or hereafter becomes a beneficiary or assignee.