Subject to the terms and conditions set forth herein, (i) each Issuing Bank agrees to issue to the Borrowing Subsidiary, upon its request, Letters of Credit for the Borrowing Subsidiary’s own account or jointly for its own account and the account of any of its subsidiaries (in which case the Borrowing Subsidiary shall be solely responsible for all payments due hereunder in respect of such Letters of Credit notwithstanding any listing of any subsidiary of the Borrowing Subsidiary as an account party or applicant with respect to such Letters of Credit) and (ii) each Issuing Bank agrees to issue to the Company, upon its request, Letters of Credit for the Company’s own account or jointly for its own account and the account of any of its subsidiaries, other than the Borrowing Subsidiary and Union Electric and their subsidiaries (in which case the Company shall be solely responsible for all payments due hereunder in respect of such Letters of Credit notwithstanding any listing of any subsidiary of the Company as an account party or applicant with respect to such Letters of Credit), in each case in a form reasonably acceptable to the Agent and the applicable Issuing Bank, at any time and from time to time prior to the earlier of the Availability Termination Date for such Borrower and the LC Commitment Termination Date for such Issuing Bank. Each Existing Letter of Credit shall be deemed, for all purposes of this Agreement (including paragraphs (d) and (e) of this Section), to be, and shall constitute, a Letter of Credit issued hereunder for the account of the applicable Borrower thereunder. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by a Borrower to, or entered into by a Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. The Borrowing Subsidiary, in the case of clause (i) above, and the Company, in the case of clause (ii) above, unconditionally and irrevocably agrees that, in connection with any Letter of Credit referred to in the applicable clause, it will be fully responsible for the reimbursement of LC Disbursements, the payment of interest thereon and the payment of LC Participation Fees and other fees due under Section 2.6(b) to the same extent as if it were the sole account party in respect of such Letter of Credit (the Borrowing Subsidiary and the Company each hereby irrevocably waiving any defenses that might otherwise be available to it as a guarantor of the obligations of any of its subsidiaries that shall be a joint account party with it in respect of any such Letter of Credit).