Common use of Use of Letters of Credit Clause in Contracts

Use of Letters of Credit. The Company and each other Applicant covenants and agrees with the Bank that the LOCs shall be used for the purposes set out in the definition of “Permitted LOCs” in Section 1.01.

Use of Letters of Credit. The Company and each other Applicant covenants and agrees with the Bank Administrative Agent and the Banks that the LOCs shall be used for the purposes set out in the definition of “Permitted LOCs” in Section 1.01.