Common use of Purchase of Participations Clause in Contracts

Purchase of Participations. Each Bank hereby irrevocably and unconditionally purchases and receives from the Issuer, without recourse or warranty, an undivided interest and participation, equal to the amount of such Bank's LC Commitment Percentage in each Letter of Credit. Each Bank acknowledges receipt of a copy of each Existing Letter of Credit.

Purchase of Participations. Each Bank hereby irrevocably and unconditionally purchases and receives from the each Issuer, without recourse or warranty, an undivided interest and participation, equal to the amount of such Bank's LC Commitment Percentage in each Letter of CreditCredit issued by such Issuer. Each Bank acknowledges receipt of a copy of each Existing Letter of CreditCredit as of the Closing Date.

Purchase of Participations. Each Bank hereby irrevocably and --------------------------- unconditionally purchases and receives from the each Issuer, without recourse or warranty, an undivided interest and participation, equal to the amount of such Bank's LC Commitment Percentage in each Letter of CreditCredit issued by such Issuer. Each Bank acknowledges receipt of a copy of each Existing Letter of Credit.

Purchase of Participations. Each Bank hereby has irrevocably and --------------------------- unconditionally purchases purchased and receives received from the each Issuer, without recourse or warranty, an undivided interest and participation, equal to the amount of such Bank's LC Commitment Percentage in each Letter of Credit. Each Bank acknowledges receipt of a copy of each Existing Letter of CreditCredit issued by such Issuer.

Purchase of Participations. Each Bank hereby irrevocably and unconditionally purchases and receives from the Issuer, without recourse or warranty, an undivided interest and participation, equal to the amount of such Bank's LC Commitment Percentage Percentage, in each Letter of CreditCredit issued by the Issuer. Each Bank acknowledges receipt of a copy of each Existing Letter of Credit.NY:791404.13