Common use of Draws on Letters of Credit Clause in Contracts

Draws on Letters of Credit. If a draw is made on a Letter of Credit and Reseller does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents of such failure. Upon Administrative Agents’ receipt of such notice from Letter of Credit Issuer, Administrative Agents may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing Default, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents funds consisting solely of Dollars in the amount of its Pro-Rata Share of such Revolving Loan Advance, rounded to the nearest xxxxx, in accordance with such remittance instructions as may be given by Administrative Agents to each Lender from time to time.

Draws on Letters of Credit. If In the event that a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents Agent of such failure. Upon Administrative Agents’ Agent's receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultAmount, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s 's ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 3:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent's delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Propro-Rata Share rata share of such Revolving Loan Advance, rounded to the nearest xxxxx, in accordance with such remittance instructions as may be given by Administrative Agents Agent to each Lender from time to time. Each Revolving Loan Advance made by Administrative Agent pursuant to this Section 7.4.2 shall be deemed to be a Base Rate Advance.

Draws on Letters of Credit. If In the event that a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents Agent of such failure. Upon Administrative Agents’ Agent's receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultAmount, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s 's ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 1:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent's delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Propro-Rata Share rata share of such Revolving Loan Advance, rounded to the nearest xxxxxpenny, in accordance with such remittance instructions as may be mxx xx given by Administrative Agents Agent to each Lender from time to time. Each Revolving Loan Advance made by Administrative Agent pursuant to this Section 7.4.2 shall be deemed to be a Base Rate Advance.

Draws on Letters of Credit. If In the event that a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents Agent of such failure. Upon Administrative Agents’ Agent's receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultAmount, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s 's ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 3:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent's delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Propro-Rata Share rata share of such Revolving Loan Advance, rounded to the nearest xxxxx, Advance in accordance with such remittance instructions as may be given by Administrative Agents Agent to each Lender from time to time. Each Revolving Loan Advance made by Administrative Agent pursuant to this Section 7.4.2 shall be deemed to be a Base Rate Advance.

Draws on Letters of Credit. If a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents Agent of such failure. Upon Administrative Agents’ Agent's receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultEvent of Default exists, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s 's ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 3:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent's delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Propro-Rata Share rata share of such Revolving Loan Advance, rounded to the nearest xxxxxpenny, in accordance with such remittance instructions as may be given by Administrative Agents Agent to each Lender from time to time.

Draws on Letters of Credit. If a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demandthe same Business Day as demand is made by the Letter of Credit Issuer, then the Letter of Credit Issuer shall promptly notify Administrative Agents Agent (if Administrative Agent and the Letter of Credit Issuer are not the same Person) of such failure. Upon Administrative Agents’ Agent’s receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultEvent of Default exists, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 4:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent’s delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Propro-Rata Share rata share of such Revolving Loan Advance, rounded to the nearest xxxxx, in accordance with such remittance instructions as may be given by Administrative Agents Agent to each Lender from time to time.

Draws on Letters of Credit. If In the event that a draw is made on a Revolver Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents of such failure. Upon Administrative Agents’ receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultAmount, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s 's ratable share of such Revolving Loan Advance. The Unless otherwise agreed by Lenders, the Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 1:00 p.m. (Local Central Time) on the first Business Day following Administrative Agents’ Agent's delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars the Applicable Currency in which the relevant Revolver Letter of Credit is denominated in the amount of its Pro-Rata Share prorata share of such Revolving Loan Advance, rounded to the nearest xxxxxsmallest unit of such currency, in accordance with such remittance instructions as may be given by Administrative Agents Agent to each Lender from time to time. Each Revolving Loan Advance made by Administrative Agent pursuant to this Section 7.4.3 shall be deemed to be a Base Rate Advance.

Draws on Letters of Credit. If In the event that a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents Agent of such failure. Upon Administrative Agents’ Agent's receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in exceed the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultAmount, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s 's ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 1:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent's delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Pro-Rata Share of such Revolving Loan Advance, rounded to the nearest xxxxx, in accordance with such remittance instructions as may be given by Administrative Agents Agent to each Lender from time to time. Each Revolving Loan Advance made by Administrative Agent pursuant to this Section 7.4.2 shall be deemed to be a Base Rate Advance.

Draws on Letters of Credit. If In the event that a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents Agent of such failure. Upon Administrative Agents’ Agent’s receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultAmount, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 3:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent’s delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Propro-Rata Share rata share of such Revolving Loan Advance, rounded to the nearest xxxxx, Advance in accordance with such remittance instructions as may be given by Administrative Agents Agent to each Lender from time to time. Each Revolving Loan Advance made by Administrative Agent pursuant to this Section 7.4.2 shall be deemed to be a Base Rate Advance.

Draws on Letters of Credit. If In the event that a draw is made on a Letter of Credit and Reseller Borrower does not reimburse the amount of such draw in full to Letter of Credit Issuer immediately on demand, Letter of Credit Issuer shall promptly notify Administrative Agents Agent of such failure. Upon Administrative Agents’ Agent's receipt of such notice from Letter of Credit Issuer, Administrative Agents Agent may notify each Lender thereof and shall have the right to cause a Revolving Loan Advance to be made, regardless whether such Revolving Loan Advance would result in exceed the Aggregate Revolving Loan exceeding the Revolving Loan Maximum Available Amount or regardless as to whether there is an Existing DefaultAmount, by notifying each Lender of the draw, the amount of the Revolving Loan Advance required to fund reimbursement of such draw, and the amount of such Lender’s 's ratable share of such Revolving Loan Advance. The Advance Date and time for such Revolving Loan Advance shall not be later than 12:00 1:00 p.m. (Local Time) on the first Business Day following Administrative Agents’ Agent's delivery of such notice to Lenders. By no later than such Advance Date and time, each Lender shall make immediately available to Administrative Agents Agent funds consisting solely of Dollars in the amount of its Pro-Rata Share of such Revolving Loan Advance, rounded to the nearest xxxxxpenny, in accordance with such remittance instructions as may ax xxx be given by Administrative Agents Agent to each Lender from time to time. Each Revolving Loan Advance made by Administrative Agent pursuant to this Section 7.4.2 shall be deemed to be a Base Rate Advance.