Common use of Letters of Credit Issued for Subsidiaries Clause in Contracts

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 507 contracts

Samples: Credit Agreement (Qorvo, Inc.), Credit Agreement (Del Monte Foods Co), Credit Agreement (StoneX Group Inc.)

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Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 197 contracts

Samples: Credit Agreement (Republic Services, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (Tesoro Corp /New/)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 135 contracts

Samples: Credit Agreement (Curtiss Wright Corp), Credit Agreement (Sonic Automotive Inc), Credit Agreement (Tetra Tech Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 74 contracts

Samples: Project Financing Agreement (Constellation Brands, Inc.), Credit Agreement (First Advantage Corp), Credit Agreement (Hexcel Corp /De/)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s 's business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 50 contracts

Samples: Credit Agreement (Analog Devices Inc), Credit Agreement (Innerworkings Inc), Credit Agreement (Cross a T Co)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 48 contracts

Samples: Credit Agreement (Thermo Fisher Scientific Inc.), Credit Agreement (Asbury Automotive Group Inc), Credit Agreement (Stericycle Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 40 contracts

Samples: Credit Agreement (Resmed Inc), Credit Agreement (Perini Corp), Credit Agreement (Gulfport Energy Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 29 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (American Realty Capital Properties, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Appears in 28 contracts

Samples: Credit Agreement (RingCentral, Inc.), Credit Agreement (Hilton Worldwide Holdings Inc.), Credit Agreement (Travelport LTD)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Parent Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Parent Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Parent Borrower, and that the Parent Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 23 contracts

Samples: Credit Agreement (VPNet Technologies, Inc.), Credit Agreement (Fortrea Holdings Inc.), Credit Agreement (Clear Channel Communications Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 23 contracts

Samples: Revolving Credit Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/), Intercreditor Agreement (Eastman Kodak Co)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s 's business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 22 contracts

Samples: Credit Agreement (Cisco Systems, Inc.), Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Nexstar Broadcasting Group Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the each L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 21 contracts

Samples: Credit Agreement (Docusign, Inc.), Credit Agreement (MGM Resorts International), Credit Agreement (Synnex Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 20 contracts

Samples: Credit and Guaranty Agreement (Ventas Inc), Credit Agreement (Horton D R Inc /De/), Credit Agreement (Forestar Group Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of the Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 20 contracts

Samples: Credit Agreement (Computer Programs & Systems Inc), Credit Agreement (Computer Programs & Systems Inc), Loan and Security Agreement (Guardian Pharmacy Services, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 16 contracts

Samples: Credit Agreement (Fortress Investment Group LLC), Credit Agreement (Casella Waste Systems Inc), Credit Agreement (Ichor Holdings, Ltd.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 14 contracts

Samples: Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Silicon Laboratories Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 14 contracts

Samples: Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co), Credit Agreement (Science Applications International Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 13 contracts

Samples: Credit Agreement (Craft Brew Alliance, Inc.), Credit Agreement (Morningstar, Inc.), Credit Agreement (Citi Trends Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 11 contracts

Samples: Senior Secured Credit Agreement (Aimco Properties L.P.), Credit Agreement (Dell Technologies Inc.), Credit Agreement (Acelity L.P. Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary that is not a Borrower, the Borrower Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 11 contracts

Samples: Credit Agreement (Chicago Bridge & Iron Co N V), Credit Agreement (Chicago Bridge & Iron Co N V), Revolving Credit Agreement (Chicago Bridge & Iron Co N V)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations obligation of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 9 contracts

Samples: Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc), Credit Agreement (Williams Sonoma Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of the Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 8 contracts

Samples: Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Acadia Healthcare Company, Inc.), Credit Agreement (Acadia Healthcare Company, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.. 2.04

Appears in 8 contracts

Samples: Credit Agreement (Tutor Perini Corp), Credit Agreement (Louisiana-Pacific Corp), Credit Agreement (Ciner Resources LP)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder hereunder, is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the Borrower, Borrower and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 8 contracts

Samples: Credit Agreement (STORE CAPITAL Corp), Credit Agreement (STORE CAPITAL Corp), Credit Agreement (Realty Income Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 8 contracts

Samples: Credit Agreement (NOW Inc.), Credit Agreement (NOW Inc.), Assignment and Assumption (National Oilwell Varco Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 8 contracts

Samples: Credit Agreement (Corelogic, Inc.), Credit Agreement (Corelogic, Inc.), Credit Agreement (Corelogic, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations ofobligations, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Lender hereunder for of any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 8 contracts

Samples: First Lien Credit Agreement (WEB.COM Group, Inc.), Intercreditor Agreement (WEB.COM Group, Inc.), Credit Agreement (WEB.COM Group, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the Borrower’s Company's business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 7 contracts

Samples: Credit Agreement (Granite Construction Inc), Credit Agreement (International Assets Holding Corp), Credit Agreement (Greenbrier Companies Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the each L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 7 contracts

Samples: Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, or otherwise will benefit, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account benefit of Subsidiaries inures to the benefit account of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 7 contracts

Samples: Credit Agreement (Integra Lifesciences Holdings Corp), Credit Agreement (Integra Lifesciences Holdings Corp), Credit Agreement (Integra Lifesciences Holdings Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the applicable Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the Borrower’s such Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 7 contracts

Samples: Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower Company shall be obligated to reimburse the Applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc), Credit Agreement (SS&C Technologies Holdings Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiarysubsidiary, the Parent Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Parent Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries subsidiaries inures to the benefit of the Parent Borrower, and that the Parent Borrower’s business derives substantial benefits from the businesses of such Subsidiariessubsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Quintiles IMS Holdings, Inc.), Credit Agreement (Iqvia Holdings Inc.), Assignment and Assumption (Quintiles IMS Holdings, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer Issuers hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries any such Subsidiary inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses business of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Entercom Communications Corp), Credit Agreement (CBS Corp), Credit Agreement (CBS Radio Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Kaman Corp), Credit Agreement (GENTHERM Inc), Credit Agreement (Amerigon Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Letter of Credit Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Intelsat S.A.), Credit Agreement (Intelsat S.A.), Credit Agreement (Intelsat S.A.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any of its Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Getty Realty Corp /Md/), Credit Agreement (Getty Realty Corp /Md/), Credit Agreement (Getty Realty Corp /Md/)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Victory Energy Corp), Credit Agreement (Heritage-Crystal Clean, Inc.), Credit Agreement (Heritage-Crystal Clean, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Cantel Medical Corp), Credit Agreement (Alexander & Baldwin, Inc.), Credit Agreement (Cantel Medical Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower Each of the Borrowers hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that each of the Borrower’s business derives businesses derive substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (New Hampshire Motor Speedway, Inc.), Credit Agreement (Speedway Motorsports LLC), Credit Agreement (Speedway Motorsports Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower Company shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Hilton Grand Vacations Inc.), Credit Agreement (Hilton Grand Vacations Inc.), Credit Agreement (Hilton Grand Vacations Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer Issuers hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (RR Donnelley & Sons Co), Credit Agreement (Amphenol Corp /De/)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Endeavor Group Holdings, Inc.), Revolving Credit Agreement (Endeavor Group Holdings, Inc.), Credit Agreement (Endeavor Group Holdings, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of any Borrower, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of any such Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Highwoods Realty LTD Partnership), Credit Agreement (Highwoods Realty LTD Partnership), Credit Agreement (Highwoods Realty LTD Partnership)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the each Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 6 contracts

Samples: Credit Agreement (Trinseo PLC), Credit Agreement (Trinseo S.A.), Security Agreement (Trinseo S.A.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary that is a Guarantor, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries any Guarantor inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiariesthe other Loan Parties.

Appears in 6 contracts

Samples: Credit Agreement (Gsi Group Inc), Credit Agreement (Novanta Inc), Credit Agreement (Novanta Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, of a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower and the Subsidiary Guarantors hereby acknowledges acknowledge that the issuance of Letters of Credit for the account in support of Subsidiaries any obligations of Subsidiaries, inures to the benefit of the BorrowerBorrower and such Subsidiaries, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.), Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.), Credit and Guaranty Agreement (Cheniere Energy, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Lead Borrower shall be obligated to reimburse the each L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Lead Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Lead Borrower, and that the Lead Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Polymer Group Inc), Credit Agreement (Dominion Textile (Usa), L.L.C.), Credit Agreement (Dominion Textile (Usa), L.L.C.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Tidewater Inc), Management Services Agreement (Prospect Medical Holdings Inc), Credit Agreement (Tidewater Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s 's business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Evolution Petroleum Corp), Credit Agreement (Samson Oil & Gas LTD), Revolving Credit Agreement (Green Mountain Coffee Roasters Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of the Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (AdaptHealth Corp.), Credit Agreement (Orion Group Holdings Inc), Credit Agreement (Orion Group Holdings Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C LC Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Sunoco LP), Credit Agreement (BJS Wholesale Club Inc), Credit Agreement (Sunoco LP)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Xxxxxxxxx shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Xxxxxxxxx hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerXxxxxxxxx, and that the Borrower’s Xxxxxxxxx’x business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits benefit from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Aar Corp), Credit Agreement (Aar Corp), Credit Agreement (Aar Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiarysubsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiariessubsidiaries.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (Lannett Co Inc), Pledge and Security Agreement (Lannett Co Inc), Credit and Guaranty Agreement (Concordia Healthcare Corp.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Waste Connections, Inc.), Assignment and Assumption (Waste Connections, Inc.), Revolving Credit and Term Loan Agreement (Waste Connections, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the requesting Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s business derives Borrowers’ respective businesses derive substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Medtronic PLC), Credit Agreement (Medtronic PLC), Amendment and Restatement Agreement

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the relevant Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Greif Inc), Credit Agreement (Greif Inc), Credit Agreement (Greif Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary or other Person in which the Borrower (directly or indirectly) owns any Capital Stock, the Borrower shall be obligated to reimburse the L/C LC Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries any such Subsidiary or other Person inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (New Home Co Inc.), Credit Agreement (New Home Co Inc.), Credit Agreement (New Home Co Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, of a Subsidiary, the Borrower which requested the issuance of such Letter of Credit shall be obligated to reimburse the L/C Issuer Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Crane Co /De/), Credit Agreement (Crane Co /De/), Credit Agreement (Crane Co /De/)

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Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations Obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of L/C Credit Extensions for the account of Subsidiaries inures inure to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Allegheny Energy, Inc), Credit Agreement (Allegheny Energy, Inc), Credit Agreement (Allegheny Energy, Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrowers, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for pay any and all drawings under such Letter of CreditUnreimbursed Amount. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit or any Support Agreement for the account of Subsidiaries any such Subsidiary inures to the benefit of the Borrower, Borrowers and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (AdaptHealth Corp.), Engine Lease Agreement (Mesa Air Group Inc), Loan, Security and Guarantee Agreement (GEE Group Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the relevant L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (AMC Networks Inc.), Credit Agreement (AMC Networks Inc.), Credit Agreement (AMC Networks Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers' business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Senior Secured Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Brady Corp), Credit Agreement (Euronet Worldwide Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer Issuers hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Casella Waste Systems Inc), Credit Agreement (Casella Waste Systems Inc), Credit Agreement (Casella Waste Systems Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the applicable Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Guess Inc), Credit Agreement (GFI Group Inc.), Credit Agreement (GFI Group Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Targa Resources Partners LP), Credit Agreement (Targa Midstream Services Limited Partnership), Intercreditor Agreement (Targa Resources Partners LP)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer Issuers hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary Loan Party, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such SubsidiariesSubsidiary Loan Parties.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Watsco Inc), Revolving Credit Agreement (Watsco Inc), Revolving Credit Agreement (Watsco Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any of its Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary thereof, the applicable Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of its Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Watts Water Technologies Inc), Credit Agreement (Watts Water Technologies Inc), Credit Agreement (Watts Water Technologies Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Cree Inc), Credit Agreement (Cree Inc), Credit Agreement (Cree, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Appears in 4 contracts

Samples: Security Agreement (Cable One, Inc.), Credit Agreement (Cable One, Inc.), Restatement Agreement (Cable One, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance Issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Multicurrency Credit Agreement (Ecolab Inc.), Multicurrency Credit Agreement (Ecolab Inc), Multicurrency Credit Agreement (Ecolab Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Restricted Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Restricted Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Change Healthcare Inc.), Credit Agreement (Change Healthcare Inc.), Credit Agreement (PF2 SpinCo LLC)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiarysubsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives businesses derive substantial benefits from the businesses of such Subsidiariessubsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer such Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance Issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Assignment and Assumption (Travelers Companies, Inc.), Assignment and Assumption (Travelers Companies, Inc.), Assignment and Assumption (Travelers Companies, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the relevant Borrower shall be obligated to reimburse the any L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Hasbro, Inc.), Revolving Credit Agreement (Hasbro, Inc.), Revolving Credit Agreement (Hasbro, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the applicable Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the applicable Borrower, and that the applicable Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Diodes Inc /Del/), Credit Agreement (Diodes Inc /Del/), Credit Agreement (Diodes Inc /Del/)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the applicable Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of CreditCredit and to make any Cash Collateral deposits required hereunder. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp), Credit Agreement (McKesson Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the applicable Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers each hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers' business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the applicable Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the applicable Borrower, and that the applicable Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Credit Agreement (Diodes Inc /Del/), Credit Agreement (Diodes Inc /Del/), Credit Agreement (Diodes Inc /Del/)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Gap Inc), Intercreditor Agreement (Gap Inc), Intercreditor Agreement (Gap Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of CreditCredit in accordance with the terms hereof. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Abl Credit Agreement (Constellium Holdco B.V.), Abl Credit Agreement (Constellium Holdco B.V.), Credit Agreement (Noranda Aluminum Holding CORP)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Pacer International Inc), Credit Agreement (Pacer International Inc), Credit Agreement (Pacer International Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the each applicable Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Each Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the such Borrower, and that the such Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Broan-NuTone LLC), Credit Agreement (Nortek Inc), Credit Agreement (Ply Gem Holdings Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the any L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Madison Square Garden Co), Credit Agreement (Madison Square Garden Entertainment Corp.), Credit Agreement (Madison Square Garden Co)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer Lender hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Hurco Companies Inc), Credit Agreement (Wd 40 Co), Credit Agreement (Hurco Companies Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Cxxxxxxxx shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Cxxxxxxxx hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCxxxxxxxx, and that the Borrower’s Cxxxxxxxx’x business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp), Credit Agreement (Carpenter Technology Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, Holdings or a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. The Borrower Borrowers hereby acknowledges acknowledge that the issuance of Letters of Credit for the account of Holdings or the Subsidiaries inures to the benefit of the BorrowerBorrowers, and that the Borrower’s Borrowers’ business derives substantial benefits from the businesses of Holdings and such Subsidiaries.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Rayonier Advanced Materials Inc.), Revolving Credit Agreement (Rayonier Advanced Materials Inc.), Revolving Credit Agreement (Rayonier Advanced Materials Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, the Parent or a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Fleetcor Technologies Inc), Credit Agreement (Fleetcor Technologies Inc), Credit Agreement (Fleetcor Technologies Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiaryany Subsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries of the Borrower inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Meredith Corp), Credit Agreement (Meredith Corp), Credit Agreement (Meredith Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account benefit of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (First Advantage Corp), Credit Agreement (Darden Restaurants Inc), Credit Agreement (Darden Restaurants Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Company, the Borrower Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of such Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.), Credit Agreement (Camping World Holdings, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.such

Appears in 3 contracts

Samples: Credit Agreement (Ixia), Credit Agreement (Ixia), Credit Agreement (Florida East Coast Industries Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Medassets Inc), Credit Agreement (Medassets Inc), Credit Agreement (Sbarro Express LLC)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Parent Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Parent Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Parent Borrower, and that the Parent Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (Change Healthcare Holdings, Inc.), Credit Agreement (Montrose Environmental Group, Inc.), Credit Agreement (TC3 Health, Inc.)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer applicable Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the BorrowerCompany, and that the BorrowerCompany’s business derives substantial benefits from the businesses of such Subsidiaries.

Appears in 3 contracts

Samples: Credit Agreement (SP Plus Corp), Credit Agreement (Standard Parking Corp), Credit Agreement (Standard Parking Corp)

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