Subject to the terms and conditions set forth herein, and any other terms and conditions which the applicable Issuing Bank may reasonably require, the Borrower Representative may request the issuance of Letters of Credit for its own account or, so long as the U.S. Borrower is a joint and several co-applicant with respect thereto, the account of any Restricted Subsidiary, denominated in Dollars and in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Revolving Availability Period. The U.S. Borrower and the Belgian Borrower, jointly and severally, unconditionally and irrevocably agree that, in connection with any Letter of Credit issued for the account of any Restricted Subsidiary that is, in the case of the Belgian Borrower, a Subsidiary of the Belgian Borrower, as provided in the first sentence of this paragraph, it will be fully responsible for the reimbursement of LC Disbursements, the payment of interest thereon and the payment of fees due under Section 2.12(b) to the same extent as if it were the sole account party in respect of such Letter of Credit. Notwithstanding anything contained in any letter of credit application furnished to any Issuing Bank in connection with the issuance of any Letter of Credit, (i) all provisions of such letter of credit application purporting to grant liens in favor of the Issuing Bank to secure obligations in respect of such Letter of Credit shall be disregarded, it being agreed that such obligations shall be secured to the extent provided in this Agreement and in the Security Documents, and (ii) in the event of any inconsistency between the terms and conditions of such letter of credit application and the terms and conditions of this Agreement, the terms and conditions of this Agreement shall control. Subject to the terms and conditions hereof, each Existing Letter of Credit that is outstanding on the Initial Funding Date shall, effective as of the Initial Funding Date and without any further action by the U.S. Borrower, be deemed a Letter of Credit for all purposes hereof and be subject to and governed by the terms and conditions hereof.