Common use of Disbursements, Reimbursement Clause in Contracts

Disbursements, Reimbursement. 2.8.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 8 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

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Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 6 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (Suburban Lodges of America Inc), Credit Agreement (New Jersey Resources Corp)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance Issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 4 contracts

Samples: Joinder and Assumption Agreement (Ii-Vi Inc), Credit Agreement (Ii-Vi Inc), Credit Agreement (Federated Investors Inc /Pa/)

Disbursements, Reimbursement. 2.8.3.1 (a) Immediately upon the issuance Issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 4 contracts

Samples: Credit Agreement (U S Interactive Inc/Pa), Credit Agreement (Elgin National Industries Inc), Credit Agreement (Linc Net Inc)

Disbursements, Reimbursement. 2.8.3.1 2.10.3.1. Immediately upon the issuance Issuance of each Letter of Credit, each Bank Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the each Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such BankLender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 3 contracts

Samples: Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Holdings Inc.), Credit Agreement (Koppers Inc)

Disbursements, Reimbursement. 2.8.3.1 (i) Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing Draw thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawingDraw, respectively.

Appears in 3 contracts

Samples: Loan Agreement (Resource America Inc), Loan Agreement (Resource America Inc), Loan Agreement (Atlas Pipeline Partners Lp)

Disbursements, Reimbursement. 2.8.3.1 2.8.4.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

Disbursements, Reimbursement. 2.8.3.1 Immediately upon the issuance Issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Samples: Credit Agreement (Independent Gasoline & Oil Co of Rochester), Credit Agreement (Vulcan Asphalt Refining Corp)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance Issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Samples: Credit Agreement (Champion Enterprises Inc), Credit Agreement (Champion Enterprises Inc)

Disbursements, Reimbursement. 2.8.3.1 2.10.3.1. Immediately upon the issuance Issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the each Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Samples: Credit Agreement (Koppers Inc), Credit Agreement (KI Holdings Inc.)

Disbursements, Reimbursement. 2.8.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Revolving Credit Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Respironics Inc)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Administrative Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Papa Johns International Inc)

Disbursements, Reimbursement. 2.8.3.1 2.13.3.1 Immediately upon the issuance Issuance of each Letter of Credit, each Bank Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Lender's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Brady Corp)

Disbursements, Reimbursement. 2.8.3.1 2.10.3.1. Immediately upon the issuance Issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the each Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Koppers Inc)

Disbursements, Reimbursement. 2.8.3.1 2.10.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Letter of Credit Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance Issuance of each Letter of Credit, each Bank with a Revolving Credit Commitment shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Standard Automotive Corp)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Revolving Credit Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

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Disbursements, Reimbursement. 2.8.3.1 2.6.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Roundys Inc)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1. Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Professional Detailing Inc)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit (including the Existing Letters of Credit) and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (WESTMORELAND COAL Co)

Disbursements, Reimbursement. 2.8.3.1 2.8.4.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance Issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit (including the Existing Letters of Credit) and each drawing thereunder in an amount equal to such Bank’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Westmoreland Coal Co)

Disbursements, Reimbursement. 2.8.3.1 (i) Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing Draw thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawingDraw, respectively.

Appears in 1 contract

Samples: Loan Agreement (Resource America Inc)

Disbursements, Reimbursement. 2.8.3.1 2.11.3.1 Immediately upon the issuance Issuance of each Letter of CreditCredit in accordance with Section 2.11.1, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

Disbursements, Reimbursement. 2.8.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Disbursements, Reimbursement. 2.8.3.1 2.9.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Corrpro Companies Inc /Oh/)

Disbursements, Reimbursement. 2.8.3.1 2.5.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank Agent a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Ptek Holdings Inc)

Disbursements, Reimbursement. 2.8.3.1 Immediately upon the issuance of each Letter of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Letter of Credit Bank a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Bank’s 's Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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