Reimbursement Obligations definition

Reimbursement Obligations means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.18 to reimburse the LC Issuers for amounts paid by the LC Issuers in respect of any one or more drawings under Facility LCs.

Reimbursement Obligations means at any time all obligations of the Borrower to reimburse the Issuing Lenders pursuant to Section 3.07 for amounts paid by the Issuing Lenders in respect of drawings under Letters of Credit, including any portion of any such obligation to which a Lender has become subrogated pursuant to Section 3.09.

Reimbursement Obligations means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.20 to reimburse the LC Issuer for amounts paid by the LC Issuer in respect of any one or more drawings under Facility LCs.

Examples of Reimbursement Obligations in a sentence

• The Improvement Area Reimbursement Obligations are authorized by the PID Act, are hereby approved by the City Council, and represent the total allowable costs to be assessed against property located within the boundaries of the Major Improvement Area for the Major Improvement Area Improvements, and Improvement Area #1 for the Improvement Area #1 Improvements.

• As such, no other City funds, revenue, taxes, income, or property shall be used to pay the Improvement Area Reimbursement Obligations.

• Following the issuance of any series of PID Bonds, interest on the Improvement Area Reimbursement Obligations will accrue from the date of delivery of the applicable PID Bonds at the interest rate of such PID Bonds.

• No provision hereof shall be deemed to waive or limit the Borrower’s right to seek repayment of any payment of any L/C Reimbursement Obligations from the L/C Issuer under the terms of the applicable L/C Reimbursement Agreement or applicable law.

• Under no circumstances will either payments made under this Reimbursement Agreement or a series of PID Bonds equal more than the Improvement Area Reimbursement Obligations.

More Definitions of Reimbursement Obligations

Reimbursement Obligations the obligation of the applicable Borrower to reimburse the applicable Issuing Lender pursuant to subsection 3.5(a) for amounts drawn under the applicable Letters of Credit.

Reimbursement Obligations means, as to any Borrower, the aggregate non-contingent reimbursement or repayment obligations of such Borrower with respect to amounts drawn under Letters of Credit Issued for the account of such Borrower.

Reimbursement Obligations means Borrower's obligations under Section 2.18(e) to reimburse LC Disbursements.

Reimbursement Obligations means the aggregate amount of all unreimbursed drawings under all Letters of Credit (excluding for the avoidance of doubt, reimbursement obligations that are deemed satisfied pursuant to a deemed disbursement under Section 3.6(a)).

Reimbursement Obligations means, at any time, in respect of any Borrower the obligations of such Borrower then outstanding, or that may thereafter arise, in respect of all Letters of Credit issued at the request of such Borrower then outstanding to reimburse amounts paid by any Issuing Bank in respect of any drawings under any such Letter of Credit.

Reimbursement Obligations means at any time, the aggregate of the Obligations of the Borrower to the Lenders, the Issuing Bank and the Administrative Agent in respect of all unreimbursed payments or disbursements made by the Lenders, the Issuing Bank and the Administrative Agent under or in respect of the Facility Letters of Credit.

Reimbursement Obligations means the Borrower’s obligations to reimburse Unpaid Drawings pursuant to Section 3.4(a).