Common use of Obligations for Letters of Credit Clause in Contracts

Obligations for Letters of Credit. (a) Immediately, (i) upon issuance of any Letter of Credit by the Administrative Agent and (ii) effective on the date of the Initial Funding with respect to Letters of Credit outstanding under the Prior Credit Agreement on the date of Initial Funding, each Lender shall be deemed to be a participant through the Administrative Agent in the obligation of the Administrative Agent under such Letter of Credit. Upon the delivery by such Lender to the Administrative Agent of funds requested for a disbursement pursuant to Section 4.08(c), such Lender shall be deemed as having purchased a participating interest in the Company's reimbursement obligations with respect to such Letter of Credit in an amount equal to such funds delivered to the Administrative Agent.

Obligations for Letters of Credit. (a) Immediately, (i) upon issuance of any Letter of Credit by the Administrative Agent and (ii) effective on the date of the Initial Funding with respect to Letters of Credit outstanding under the Prior Credit Agreement Agreements on the date of Initial Funding, each Lender shall be deemed to be a participant through the Administrative Agent in the obligation of the Administrative Agent under such Letter of Credit. Upon the delivery by such Lender to the Administrative Agent of funds requested for a disbursement pursuant to Section 4.08(c), such Lender shall be deemed as having purchased a participating interest in the Company's reimbursement obligations with respect to such Letter of Credit in an amount equal to such funds delivered to the Administrative Agent.

Obligations for Letters of Credit. (a) Immediately, (i) upon issuance of any Letter of Credit by the Administrative Agent and (ii) effective on the date of the Initial Funding Effective Date with respect to Letters of Credit outstanding under the Prior Credit Agreement on the date of Initial FundingEffective Date, each Lender shall be deemed to be a participant through the Administrative Agent in the obligation of the Administrative Agent under such Letter of Credit. Upon the delivery by such Lender to the Administrative Agent of funds requested for a disbursement pursuant to Section 4.08(c), such Lender shall be deemed as having purchased a participating interest in the Company's reimbursement obligations with respect to such Letter of Credit in an amount equal to such funds delivered to the Administrative Agent.