Agreement of Banks Sample Clauses

Agreement of Banks. The Administrative Agent, as of the date hereof, is the only Bank (as defined in the Credit Agreement) and accordingly, and notwithstanding the provisions of Section 2.03(b) of the Credit Agreement, the only consent required for the effectiveness of this Agreement is that of the Administrative Agent. The consent of the Administrative Agent shall be granted upon satisfaction of all applicable conditions precedent set forth in Paragraph 10 of this Agreement.

Agreement of Banks. 64 (c) Receipt of Payment............................... 64 (d) Rescission....................................... 64 (e) Equalization..................................... 65 3.06. Further Assurances......................................... 65 -ii- Section Title Page ------- ----- ----

Agreement of Banks. In the event that an Issuing Bank makes a ------------------ payment under any Letter of Credit and is not reimbursed in full therefor forthwith upon demand of such Issuing Bank (or if any reimbursed amount is required to be returned by such Issuing Bank), such Issuing Bank shall promptly notify the Administrative Agent thereof (which notice may be by telephone), and the Administrative Agent shall forthwith notify each Bank (which notice may be by telephone promptly confirmed in writing) thereof. No later than the Administrative Agent's close of business at its Office on the date such notice is given, each such Bank will pay to the Administrative Agent, for the account of such Issuing Bank, in immediately available funds, an amount equal to such Bank's Pro Rata share of the respective Letter of Credit Unreimbursed Draw. If and to the extent that any Bank fails to make such payment to the Administrative Agent for the account of such Issuing Bank on such date, such Bank shall pay such amount, on demand, together with interest, for such Issuing Bank's account, for each day from and including the date of such Issuing Bank's payment to and including the date of payment to such Issuing Bank (before and after judgment) at the following rates per annum: (i) for each day from and including the date of such payment by such Issuing Bank to and including the second Business Day thereafter, at the Federal Funds Effective Rate for such day, and (ii) for each day thereafter, at the rate applicable to Letter of Credit Unreimbursed Draws under Section 3.05(a) for such day.

Agreement of Banks. The Administrative Agent, as of the date hereof, is the only Bank (as defined in the Credit Agreement) and accordingly, and notwithstanding the provisions of Section 2.03(b) of the Credit Agreement, the only consent required to the extension of the Maturity Date to the First Extended Maturity Date and the Second Extended Maturity Date is that of the Administrative Agent. The consent of the Administrative Agent shall be granted upon satisfaction of all applicable conditions precedent set forth in Section 2 of this Agreement.