Common use of Drawings and Reimbursements Clause in Contracts

Drawings and Reimbursements. (i) Upon receipt from the beneficiary of any LC of any notice of a drawing under such LC, Lender shall notify Borrower thereof. Not later than 12:00 noon on the date of any payment by Lender under an LC (each such date, an “Honor Date”), Borrower shall reimburse Lender in an amount equal to the amount of such drawing. If Borrower fails to so reimburse Lender by such time, Borrower shall be deemed to have incurred from Lender an LC Borrowing, to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”), without regard to any minimum Loan amount or to the conditions set out in Section 5. Any notice given by Lender pursuant to this Section 2.4(b)(i) may be given by telephone if immediately confirmed in writing; provided that, the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Drawings and Reimbursements. (i) Upon receipt from the beneficiary of any LC of any notice of a drawing under such LC, Lender shall notify Borrower Representative thereof. Not later than 12:00 noon p.m. on the date of any payment by Lender under an LC (each such date, an “Honor Date”), Borrower Borrowers shall reimburse Lender in an amount equal to the amount of such drawing. If Borrower fails Borrowers fail to so reimburse Lender by such time, Borrower Borrowers shall be deemed to have incurred from Lender an LC Borrowing, requested a Loan under the Revolving Credit Facility to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”), without regard to any the minimum Loan and multiples specified in Section 2.2 for the principal amount or of Loans, but subject to the conditions set out in Section 55 (other than the delivery of a Loan Request). Any notice given by Lender pursuant to this Section 2.4(b)(i2.5(b)(i) may be given by telephone if immediately confirmed in writing; provided that, the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Drawings and Reimbursements. (i) Upon receipt from the beneficiary of any LC Letter of Credit of any notice of a drawing under such LCLetter of Credit, the Lender shall notify the Borrower thereof. Not later than 12:00 noon 11:00 a.m. on the date of any payment by the Lender under an LC a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse the Lender in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Lender by such time, the Borrower shall be deemed to have incurred from Lender an LC Borrowing, requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”), without regard to any the minimum Loan amount or to the conditions set out and multiples specified in Section 52.02 for the principal amount of Base Rate Loans. Any notice given by the Lender pursuant to this Section 2.4(b)(i2.03(c) may be given by telephone if immediately confirmed in writing; provided that, that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Drawings and Reimbursements. (i) Upon receipt from the beneficiary of any LC Letter of Credit of any notice of a drawing under such LCLetter of Credit, Lender shall notify Borrower thereof. Not later than 12:00 noon 11:00 a.m. on the date of any payment by Lender under an LC a Letter of Credit (each such date, an “Honor Date”), Borrower shall reimburse Lender in an amount equal to the amount of such drawing. If Borrower fails to so reimburse Lender by such time, Borrower shall be deemed to have incurred from Lender an LC Borrowing, requested a Borrowing to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”), without regard subject to any minimum Loan the amount or to of the unutilized portion of the Commitment and the conditions set out forth in Section 55.2 (other than the delivery of a Borrowing Request). Any notice given by Lender pursuant to this Section 2.4(b)(i2.2(c)(i) may be given by telephone if immediately confirmed in writing; provided that, that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Drawings and Reimbursements. (i) Upon receipt from the beneficiary of any LC of any notice of a drawing under such LC, Lender shall notify Borrower thereof. Not later than 12:00 noon on the date of any payment by Lender under an LC (each such date, an “Honor Date”), Borrower shall reimburse Lender in an amount equal to the amount of such drawing. If Borrower fails to so reimburse Lender by such time, Borrower shall be deemed to have incurred from Lender an LC Borrowinga Loan under the Revolving Credit Facility, to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”), without regard to any minimum Loan amount or to the conditions set out in Section 5. Any notice given by Lender pursuant to this Section 2.4(b)(i) may be given by telephone if immediately confirmed in writing; provided that, the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Drawings and Reimbursements. (i) Upon receipt from the beneficiary of any LC of any notice of a drawing under such LC, Lender shall notify Borrower thereof. Not later than 12:00 noon on the date of any payment by Lender under an LC (each such date, an “Honor Date”), Borrower shall reimburse Lender in an amount equal to the amount of such drawing. If Borrower fails to so reimburse Lender by such time, Borrower shall be deemed to have incurred from Lender an LC Borrowing, requested a Loan under the Revolving Credit Facility to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”), without regard to any minimum Loan amount or to the conditions set out in Section 5. Any notice given by Lender pursuant to this Section 2.4(b)(i2.6(b)(i) may be given by telephone if immediately confirmed in writing; provided that, the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.