Common use of Borrower's Reimbursement Obligation Clause in Contracts

Borrower's Reimbursement Obligation. The Borrower hereby agrees to reimburse the Issuing Bank, by making payment to the Agent for the account of the Issuing Bank in accordance with Section 2.12(b) hereof on the date of each payment made by the Issuing Bank under any Letter of Credit, without notice, protest or demand, all of which are hereby waived, and an action therefor shall immediately accrue. To the extent such payment is not timely made, the Borrower hereby agrees to pay to the Agent, for the account of the Issuing Bank, on demand, interest on any Letter of Credit Unreimbursed Draws for each day from and including the date of such payment by the Issuing Bank until paid (before and after judgment) in accordance with Section 2.12(c) hereof, at the rate per annum set forth in Section 2.12(c)(ii) hereof.

Borrower's Reimbursement Obligation. The Borrower hereby agrees to reimburse the relevant Issuing Bank, by making payment to the Agent for the account of the such Issuing Bank in accordance with Section 2.12(b2.09(b) hereof hereof, on the date and in the amount of each payment made by the such Issuing Bank under any Letter of Credit, without notice, protest or demand, all of which are hereby waived, and an action therefor shall immediately accrue. To the extent such payment is not timely made, the Borrower hereby agrees to pay to the Agent, for the account of the relevant Issuing Bank, on demand, interest on any Letter of Credit Unreimbursed Draws for each day from and including the date of such payment by the such Issuing Bank until paid reimbursed in full (before and after judgment) ), in accordance with Section 2.12(c2.09(c) hereof, at the rate per annum set forth in Section 2.12(c)(ii2.09(c)(ii) hereof.

Borrower's Reimbursement Obligation. The Borrower hereby agrees to reimburse the Issuing Bank, by making payment to the Administrative Agent for the account of the such Issuing Bank in accordance with Section 2.12(b2.8(b) hereof hereof, on the date and in the amount of each payment made by the Issuing Bank under any Letter of Credit, without notice, protest or demand, all of which are hereby waived, and an action therefor shall immediately accrue. To the extent such payment is not timely made, the Borrower hereby agrees to pay to the Administrative Agent, for the account of the Issuing Bank, on demand, interest on any Letter of Credit Unreimbursed Draws for each day from and including the date of such payment by the such Issuing Bank until paid reimbursed in full (before and after judgment) ), in accordance with Section 2.12(c2.8(c) hereof, at the rate per annum set forth in Section 2.12(c)(ii2.8(c)(ii) hereof.