Common use of Use of Letters of Credit Clause in Contracts

Use of Letters of Credit. The Letters of Credit shall be available and each Account Party agrees that it shall use its Letters of Credit solely to support its own obligations primarily under the Reinsurance Agreements to which it is a party.

Use of Letters of Credit. The Letters of Credit shall be available for, and each Account Party agrees that it shall use its Letters of Credit solely to support support, its own insurance obligations, obligations primarily under the Reinsurance Agreements reinsurance agreements and retrocession agreements to which it is a partyparty and similar risk obligations and for general corporate purposes.

Use of Letters of Credit. The Letters of Credit shall be available and each Account Party agrees that it shall use its Letters of Credit solely to support its own obligations primarily under the Reinsurance (Re)insurance Agreements to which it is a party.

Use of Letters of Credit. The Letters of Credit shall be available and each Account Credit Party agrees that it shall use its Letters of Credit solely to support its own obligations primarily under the Reinsurance Agreements to which it is a party.

Use of Letters of Credit. The Letters of Credit shall be available and each Account Party agrees that it shall use its Letters of Credit solely to support its own obligations primarily under the Reinsurance Agreements to which it is a partyparty and for its general corporate purposes.