Common use of Disbursements, Reimbursement Clause in Contracts

Disbursements, Reimbursement. 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 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 6 contracts

Samples: Credit Agreement (Primesource Corp), Credit Agreement (Churchill Downs Inc), Guaranty and Suretyship Agreement (Option Care Inc/De)

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Disbursements, Reimbursement. 2.9.3.1 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 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 3 contracts

Samples: Pledge Agreement (Internet Capital Group Inc), Credit Agreement (Compudyne Corp), Credit Agreement (Bell Oil Corp)

Disbursements, Reimbursement. 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 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 2 contracts

Samples: Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)

Disbursements, Reimbursement. 2.9.3.1 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 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 2 contracts

Samples: Credit Agreement (KPMG Consulting Inc), Credit Agreement (KPMG Consulting Inc)

Disbursements, Reimbursement. 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 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. 2.9.3.1 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 Agent Letter of Credit 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 (Hovnanian Enterprises Inc)

Disbursements, Reimbursement. 2.9.3.1 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 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 (Res Care Inc /Ky/)

Disbursements, Reimbursement. 2.9.3.1 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 Administrative 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 (Triumph Group Inc /)

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Disbursements, Reimbursement. 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 Administrative 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 (Orius Corp)

Disbursements, Reimbursement. 2.9.3.1 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 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 (Covance Inc)

Disbursements, Reimbursement. 2.9.3.1 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 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 (Internet Capital Group Inc)

Disbursements, Reimbursement. 2.9.3.1 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 Administrative 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 (Triumph Group Inc /)

Disbursements, Reimbursement. 2.9.3.1 Immediately upon the Issuance of each Letter of Credit, the Letter of Credit Bank shall give notice of such issuance to the Agent and each of the Banks and each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Agent Letter of Credit 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 (Grubb & Ellis Co)

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