Funding of Drawings. Upon receipt from the beneficiary of any Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Issuer shall promptly notify the Borrower as to the amount to be paid as a result of such demand or drawing and the respective payment date. Any notice pursuant to the forgoing sentence shall specify the amount to be paid as a result of such demand or drawing and the respective payment date.
Funding of Drawings. Upon receipt from the beneficiary of any ------------------- Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Fronting Bank shall promptly so notify Administrative Agent and Administrative Agent shall promptly so notify Borrower and each Lender that holds a Revolving Commitment as to the amount to be paid as a result of such demand or drawing and the respective payment date. Not later than 2:00 p.m. on the applicable payment date if Borrower has not reimbursed the Fronting Bank for the amount paid as a result of such demand or drawing, each Lender will make available to Administrative Agent, at the Principal Office, in immediately available funds, an amount equal to such Lender's Commitment Percentage (calculated based only on the Revolving Commitments) of the amount to be paid as a result of such demand or drawing which has not been reimbursed even if the conditions to a Loan under Article 8 hereof have not been satisfied and Administrative Agent shall --------- promptly pay such amounts to the Fronting Bank.
Funding of Drawings. Upon receipt from the beneficiary of any Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Agent shall promptly notify the Borrower and each Revolving Bank as to the amount to be paid as a result of such demand or drawing and the respective payment date. Not later than 11:00 a.m. on the applicable payment date (or 11:00 a.m. on the next Business Day after notice of such drawing is given, if later), each Revolving Bank will make available to the Agent, at the Principal Office, in Immediately available funds, an amount equal to such Revolving Bank's Revolving Commitment Percentage of the amount to be paid as a result of such demand or drawing even if the conditions to a Loan under Article 7 have not been satisfied.
Funding of Drawings. Upon receipt from the beneficiary of any Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Agent shall promptly notify the Borrower and each Bank as to the amount to be paid as a result of such demand or drawing and the respective payment date. Not later than 12:30 p.m. on the applicable payment date, each Bank will make available to the Agent, at the Principal Office, in immediately available funds, an amount equal to such Bank's Commitment Percentage of the amount to be paid as a result of a demand or drawing under the Letter of Credit even if the conditions to a Loan under Article 8 hereof have not been satisfied.
Funding of Drawings. Upon receipt from the beneficiary of any Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Agent shall promptly notify the Borrower and, except as may otherwise be required as a result of the operation of Section 4.6, each Bank as to the amount to be paid as a result of such demand or drawing and the respective payment date. Except as my otherwise be required as a result of the operation of Section 4.6, not later than 11:00 a.m. on the applicable payment date, each Bank will make available to the Agent, at the Principal Office, in immediately available funds, an amount equal to such Bank's Commitment Percentage of the amount to be paid as a result of such demand or drawing even if the conditions to a Loan under Article 6 hereof have not been satisfied.
Funding of Drawings. Upon receipt from the beneficiary of any ------------------- Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Agent shall promptly notify the Borrower and each Bank as to the amount to be paid as a result of such demand or drawing and the respective payment date. Not later than 11:00 a.m. on the applicable payment date, each Bank will make available to the Agent, at the Principal Office, in immediately available funds, an amount equal to such Bank's Commitment Percentage of the Revolving Commitments in the amount to be paid as a result of such demand or drawing even if the conditions to a Loan under Article 7 have not been satisfied.
Funding of Drawings. Upon receipt from the beneficiary of any Standby Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Administrative Agent or, if applicable, the Collateral Agent shall (subject to Section 4.6) promptly notify the Borrower and each Bank as to the amount to be paid as a result of such demand or drawing and the respective payment date. Not later than 11:00 a.m. on the applicable payment date, each Bank will make available to the Administrative Agent, at the Principal Office, in immediately available funds, an amount equal to such Bank's Commitment Percentage of the amount to be paid as a result of such demand or drawing even if the conditions to a Revolving Loan under Article 6 have not been satisfied. Upon receipt from the beneficiary of any Commercial Letter of Credit of any demand for payment or other drawing under such Commercial Letter of Credit, the Administrative Agent of if applicable, the Collateral Agent shall promptly notify the Borrower as to the amount to be paid as a result of such demand or drawing and the respective payment date. Prior to each Monthly Payment Date the Administrative Agent or, if applicable, the Collateral Agent shall (subject to Section 4.6) notify each Bank as to the amount which has been paid by it as a result of demands for payments or other drawings under Commercial Letters of Credit since the prior Monthly Payment Date (or since the Closing Date with respect to the first Monthly Payment Date thereafter) for which it has not received reimbursement under Section 2.7(e) (the "UNREIMBURSED COMMERCIAL DRAWS"). Not later than 11:00 a.m. on the applicable Monthly Payment Date, each Bank will make available to the Administrative Agent, at the Principal Office, in immediately available funds, an amount equal to such Bank's Commitment Percentage of the Unreimbursed Commercial Draws even if the conditions to a Revolving Loan under Article 6 have not been satisfied.
Funding of Drawings. Upon receipt from the beneficiary of any Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Agent shall promptly notify the Borrower and, if the Letter of Credit being drawn on is a Commercial L/C, each Bank as to the amount to be paid as a result of such demand or drawing and the respective payment date. Not later than 12:30 p.m. on the applicable payment date, each Bank will make available to the Agent, at the Principal Office, in immediately available funds, an amount equal to such Bank's Commitment Percentage of the amount to be paid as a result of a demand or drawing under a Commercial L/C even if the conditions to a Loan under Article 8 hereof have not been satisfied.
Funding of Drawings. Upon receipt from the LC Beneficiary of any demand for payment or other drawing under the Letter of Credit, Bank will promptly notify Borrower as to the amount to be paid as a result of such demand or drawing and the payment date.
Funding of Drawings. Upon receipt from the beneficiary of any Letter of Credit of any demand for payment or other drawing under such Letter of Credit, the Agent shall promptly notify the Parent and each Bank as to the amount to be paid as a result of such demand or drawing and the respective payment date. Not later than 1:00 P.M. on the applicable payment date, each Bank will make available to the Agent, at the Principal Office, in immediately available funds, an amount equal to such Bank's Pro Rata (calculated based on the Commitments) share of the amount to be paid as a result of such demand or drawing even if the conditions to an Advance under Article 5 hereof have not been satisfied.
