Common use of Additional Letters of Credit Clause in Contracts

Additional Letters of Credit. Subject to the terms and conditions set forth herein, the Borrowers may request the issuance of Additional Letters of Credit, in a form reasonably acceptable to the Administrative Agent and the relevant Fronting Bank, at any time and from time to time during the period beginning on the Effective Date and ending on the thirtieth day prior to the Maturity Date. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the letter of credit application and any related documentation submitted by the Borrowers to, or entered into by the Borrowers with, the relevant Fronting Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Any such Additional Letter of Credit may at the election of the Borrowers recite that it is issued for the account of a Restricted Subsidiary of the Company, and may be issued in whole or in part to support payment of obligations of such Subsidiary, none of which shall in any way affect the obligations of the Borrowers hereunder and under the other Loan Documents with respect to such Additional Letter of Credit.