Each Lender's Obligations Absolute. Each Lender acknowledges that its obligations to the Issuing Lender under this Section 3.9, including the obligation to purchase and fund a participation in the obligations and rights of the Issuing Lender under each Letter of Credit and any drafts paid by it for which it has not been fully reimbursed by the Borrower, are absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation:
Appears in 2 contracts
Samples: Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust)
Each Lender's Obligations Absolute. Each Lender acknowledges that its obligations to the Issuing each Fronting Lender under this Section 3.9, including the obligation to purchase and fund a participation in the obligations and rights of the Issuing a Fronting Lender under each Fronted Letter of Credit and any drafts paid by it for which it has not been fully reimbursed by the Borrower, are absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation:
Appears in 2 contracts
Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)
Each Lender's Obligations Absolute. Each Lender acknowledges that its obligations to the Issuing each Fronting Lender under this Section 3.93.8, including the obligation to purchase and fund a participation in the obligations and rights of the Issuing a Fronting Lender under each Fronted Letter of Credit and any drafts paid by it for which it has not been fully reimbursed by the Borrower, are absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation:
Appears in 1 contract
