Common use of Risk Participations, Drawings and Reimbursements Clause in Contracts

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit on or after the Effective Date, each U.S. Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such U.S. Lender's U.S. Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.1, each Issuance of a Letter of Credit shall be deemed to utilize the U.S. Commitment of each U.S. Lender by an amount equal to the amount of such participation.

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit on or after the Effective Closing Date, each U.S. Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such U.S. Revolving Credit Lender's ’s U.S. Revolving Credit Pro Rata Share times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.1, each Issuance of a Letter of Credit shall be deemed to utilize the U.S. Revolving Credit Commitment of each U.S. Revolving Credit Lender by an amount equal to the amount of such participation.

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit (or, in the case of each Existing Letter of Credit, on or after the Effective Closing Date), each U.S. Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) such U.S. Lender's U.S. the Pro Rata Share of such Lender times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.12.01, each Issuance of a Letter of Credit shall be deemed to utilize the U.S. Commitment of each U.S. Lender by an amount equal to the amount of such participationparticipation for so long as any related L/C Obligations shall be outstanding.

Risk Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of each Letter of Credit on or after the Effective DateCredit, each U.S. Lender Revolving Credit Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender Bank issuing such Letter of Credit a participation in such Letter of Credit and each drawing thereunder in an amount equal to the product of (i) the Revolving Credit Commitment Percentage of such U.S. Lender's U.S. Pro Rata Share Revolving Credit Bank, times (ii) the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes of Section 2.1, each Issuance of a Letter of Credit shall be deemed to utilize the U.S. Revolving Credit Commitment of each U.S. Lender Revolving Credit Bank by an amount equal to the amount of such participation.