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, Parent or a Subsidiary thereof other than the Borrowers, the Borrowers shall be obligated to reimburse, on a joint and several basis, the L/C Issuers hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of Parent or any such Subsidiary inures to the benefit of each Borrower, and that each Borrower’s business derives substantial benefits from the businesses of Parent and such Subsidiaries.

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, Parent or a Subsidiary thereof other than of the BorrowersParent Borrower, the Borrowers Parent Borrower shall be obligated to reimburse, on a joint and several basis, reimburse the applicable L/C Issuers Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers Parent Borrower hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of Parent or any such Subsidiary its Subsidiaries inures to the benefit of each the Parent Borrower, and that each the Parent Borrower’s business derives substantial benefits from the businesses of Parent and such Subsidiaries.

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, Parent or a Subsidiary thereof other than of the BorrowersParent Borrower, the Borrowers Parent Borrower shall be obligated to reimburse, on a joint and several basis, reimburse the L/C Issuers applicable Letter of Credit Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers Parent Borrower hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of any Subsidiary of the Parent or any such Subsidiary Borrower inures to the benefit of each Borrower, the Parent Borrower and that each the Parent Borrower’s business derives substantial benefits from the businesses of the Parent and such Borrower’s Subsidiaries.

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, Parent or a Subsidiary thereof other than the BorrowersRestricted Subsidiary, the Borrowers Parent Borrower shall be obligated to reimburse, on a joint and several basis, reimburse the applicable L/C Issuers Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers Parent Borrower hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of the Restricted Subsidiaries of the Parent or any such Subsidiary Borrower inures to the benefit of each the Parent Borrower, and that each the Parent Borrower’s business derives substantial benefits from the businesses of Parent and such Subsidiaries.

Letters of Credit Issued for Subsidiaries. Notwithstanding that a any 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 thereof other than the Borrowersany Guarantor, the Borrowers shall nevertheless be and remain obligated to reimburse, on a joint and several basis, reimburse the L/C Issuers Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of the Parent or any such Subsidiary Guarantor inures to the benefit of each Borrowerthe Borrowers, and that each Borrower’s the Borrowers’ business derives substantial benefits from the businesses business of the Parent and such the Borrowers’ Subsidiaries.

Letters of Credit Issued for Subsidiaries. Notwithstanding that a any 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 thereof other than the Borrowersany Guarantor, the Borrowers shall nevertheless be and remain obligated to reimburse, on a joint and several basis, reimburse the applicable L/C Issuers Issuer hereunder for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of the Parent or any such Subsidiary Guarantor inures to the benefit of each Borrowerthe Borrowers, and that each Borrower’s the Borrowers’ business derives substantial benefits from the businesses business of the Parent and such the Borrowers’ Subsidiaries.

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, Parent or a Subsidiary thereof other than the BorrowersDomestic Subsidiary, the Borrowers Parent Borrower shall be obligated to reimburse, on a joint and several basis, reimburse the applicable L/C Issuers Issuer hereunder for any and all drawings under such Letter of CreditCredit under the U.S. Subfacility. The Borrowers Parent Borrower hereby acknowledge acknowledges that the issuance of Letters of Credit for the account of Parent or any such Subsidiary Domestic Subsidiaries inures to the benefit of each the Parent Borrower, and that each the Parent Borrower’s business derives substantial benefits from the businesses of Parent and such Subsidiaries.