Common use of Supporting Letter of Credit Clause in Contracts

Supporting Letter of Credit. If, notwithstanding the provisions of Section 2.4(b) and Section 10.1, any Letter of Credit is outstanding upon the termination of this Agreement, then upon such termination each applicable Borrower shall deposit with the applicable Administrative Agent, for the benefit of the Letter of Credit Issuer and the Letter of Credit Participants with respect to each Letter of Credit issued for the account of such Borrower then outstanding, a standby letter of credit (a “Supporting Letter of Credit”) in form and substance satisfactory to such Administrative Agent, issued by an issuer satisfactory to such Administrative Agent in the same currency and in an amount equal to 105% of the greatest amount for which such Letter of Credit may be drawn plus any fees and expenses associated with such Letter of Credit, under which Supporting Letter of Credit the applicable Administrative Agent is entitled to draw amounts necessary to reimburse the applicable Letter of Credit Issuer and the applicable Letter of Credit Participants for payments to be made by such Letter of Credit Issuer and such Letter of Credit Participants under such Letter of Credit and any fees and expenses associated with such Letter of Credit. Such Supporting Letter of Credit shall be held by the applicable Administrative Agent, for the benefit of the applicable Letter of Credit Issuer and the applicable Letter of Credit Participants, as security for, and to provide for the payment of, the aggregate undrawn amount of such Letters of Credit remaining outstanding.

Supporting Letter of Credit. If, notwithstanding the provisions of Section 2.4(b1.3(b) and Section 10.1, any Letter of Credit or Credit Support is outstanding upon the termination of this Agreement, then upon such termination each applicable Borrower termination, except as otherwise permitted pursuant to Section 3.2 hereof, the Borrowers shall upon demand deposit with the applicable Administrative Agent, for the ratable benefit of the Letter of Credit Issuer Agent and the Letter of Credit Participants Lenders, with respect to each Letter of Credit issued for the account of such Borrower or Credit Support then outstanding, a standby letter of credit (a “Supporting Letter of Credit”) in form and substance satisfactory to such Administrative the Agent, issued by an issuer satisfactory to such Administrative the Agent in the same currency and in an amount equal to 105% one hundred and three percent (103%) of the greatest amount for which such Letter of Credit or Credit Support may be drawn plus any fees and expenses associated with such Letter of Creditdrawn, under which Supporting Letter of Credit the applicable Administrative Agent is entitled to draw amounts necessary to reimburse the applicable Agent, the Letter of Credit Issuer Issuers and the applicable Letter of Credit Participants Lenders for payments to be made by such Letter of Credit Issuer and such Letter of Credit Participants under such Letter of Credit or Credit Support and any fees and expenses associated with such Letter of CreditCredit or Credit Support. Such Supporting Letter of Credit shall be held by the applicable Administrative Agent, Agent for the ratable benefit of the applicable Agent, the Letter of Credit Issuer Issuers and the applicable Letter of Credit ParticipantsLenders, as security for, and to provide for the payment of, the aggregate undrawn amount of such Letters of Credit or Credit Support remaining outstandingoutstanding and any fees and expenses related thereto.

Supporting Letter of Credit. If, notwithstanding the provisions of Section 2.4(b1.4(b) and Section 10.1, any Letter of Credit (including the AAIC LC) is outstanding upon the termination of this Agreement, then upon such termination each applicable Borrower shall deposit with the applicable Administrative Agent, for the ratable benefit of the Letter of Credit Issuer Administrative Agent and the Letter of Credit Participants LC Lenders, with respect to each Letter of Credit issued for the account of such Borrower then outstandingBorrower, a standby letter of credit (a “"Supporting Letter of Credit”") in form and substance satisfactory to such the Administrative Agent, issued by an issuer satisfactory to such the Administrative Agent in the same currency and in an amount equal to 105% of the greatest amount for which such Letter of Credit may be drawn plus any fees and expenses associated with such Letter of Credit, under which Supporting Letter of Credit the applicable Administrative Agent is entitled to draw amounts necessary to reimburse the applicable Letter of Credit Issuer Administrative Agent and the applicable Letter of Credit Participants LC Lenders for payments to be made by such Letter of Credit Issuer the Administrative Agent and such Letter of Credit Participants the LC Lenders under such Letter of Credit and any fees and expenses associated with such Letter of Credit. Such Supporting Letter of Credit shall be held by the applicable Administrative Agent, for the ratable benefit of the applicable Letter of Credit Issuer Administrative Agent and the applicable Letter of Credit ParticipantsLC Lenders, as security for, and to provide for the payment of, the aggregate undrawn amount of such Letters of Credit remaining outstanding.