Common use of Funding of Participations Clause in Contracts

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the Issuing Lender under a Letter of Credit (each such date, an “HONOR DATE”), the Borrower shall reimburse the Issuing Lender through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “UNREIMBURSED AMOUNT”), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment Percentage of such Lender). In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount and the conditions set forth in Section 5.2 (other than the delivery of a Notice of Borrowing). Any notice given by the Issuing Lender or the Administrative Agent pursuant to this Section 2.2(c)(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.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the Issuing Lender L/C Issuer under a Letter of Credit (each such date, an “HONOR DATEHonor Date”), the Borrower shall reimburse the Issuing Lender L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “UNREIMBURSED AMOUNTUnreimbursed Amount”), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment Applicable Percentage of such Lender)thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount Aggregate Commitments and the conditions set forth in Section 5.2 4.02 (other than the delivery of a Notice of BorrowingCommitted Loan Notice). Any notice given by the Issuing Lender L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(i2.04(c)(i) may be given by telephone if immediately confirmed in writing; PROVIDED provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender Agent shall notify the Borrower and the Administrative Agent Lenders thereof. Not later than 11:00 a.m. a.m., New York time, on the date of any payment by the Issuing Lender Agent under a Letter of Credit (each such date, an “HONOR DATE”"Honor Date"), the Borrower shall reimburse the Issuing Lender through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender Agent by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “UNREIMBURSED AMOUNT”"Unreimbursed Amount"), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment Percentage of such Lender)'s Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount Aggregate Commitments and the conditions set forth in Section 5.2 4.2 (other than the delivery of a Notice of BorrowingCommitted Loan Notice). Any notice given by the Issuing Lender or the Administrative Agent pursuant to this Section 2.2(c)(i2.3(c)(i) may be given by telephone if immediately confirmed in writing; PROVIDED provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender applicable L/C Issuer shall notify the Borrower and the Administrative Agent thereof. The applicable L/C Issuer shall notify the Borrower of the amount of the drawing promptly following the determination thereof, and in any event no later than 9:00 a.m. on the Honor Date (as hereafter defined). Not later than 11:00 a.m. on the date of any payment by the Issuing Lender applicable L/C Issuer under a Letter of Credit (each such date, an “HONOR DATEHonor Date”), the Borrower shall reimburse the Issuing Lender through the Administrative Agent such L/C Issuer in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender applicable L/C Issuer by such time, such L/C Issuer shall promptly notify the Administrative Agent, whereupon the Administrative Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (the “UNREIMBURSED AMOUNTUnreimbursed Amount”), and the amount of such Revolving Lender’s pro rata share thereof (based on the respective Revolving Commitment Percentage of such Lender)Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Revolving Committed Amount and or the conditions set forth in Section 5.2 (other than the delivery of a Notice of Borrowing)5.02. Any notice given by the Issuing Lender applicable L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(i2.03(c)(i) may be given by telephone if immediately confirmed in writing; PROVIDED provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the Issuing Lender L/C Issuer under a Letter of Credit (each such date, an “"HONOR DATE”"), the Borrower shall reimburse the Issuing Lender L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender L/C Issuer by such time, Borrower shall be deemed to have incurred from the Administrative L/C Issuer an L/C Borrowing in the amount of the unreimbursed drawing (the "UNREIMBURSED AMOUNT") which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “UNREIMBURSED AMOUNT”)Unreimbursed Amount, and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment 's Applicable Percentage of such Lender). In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount and the conditions set forth in Section 5.2 (other than the delivery of a Notice of Borrowing)thereof. Any notice given by the Issuing Lender L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(iSECTION 2.01(c)(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.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such any Letter of Credit, the Issuing Lender L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. a.m., New York time, on the date of any payment by the Issuing Lender L/C Issuer under a Letter of Credit (each such date, an “"HONOR DATE”"), the Borrower shall reimburse the Issuing Lender L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “"UNREIMBURSED AMOUNT”"), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment Percentage of such Lender)'s Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 SECTION 2.03 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount Aggregate Commitments and the conditions set forth in Section 5.2 SECTION 4.03 (other than the delivery of a Notice of BorrowingLoan Notice). Any notice given by the Issuing Lender L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(iSECTION 2.14(c)(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.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such any Letter of Credit, the Issuing Lender applicable L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. 12:00 noon, New York time, on the date of any payment by the Issuing Lender such L/C Issuer under a Letter of Credit (each such date, an “"HONOR DATE”"), the Borrower shall reimburse the Issuing Lender such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender such L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (the “"UNREIMBURSED AMOUNT”"), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment Percentage of such Lender)'s Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 SECTION 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the combined Revolving Committed Amount and the conditions set forth in Section 5.2 (other than the delivery of a Notice of Borrowing)Loan Commitments. Any notice given by the Issuing Lender an L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(iSECTION 2.04(c)(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.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the Issuing Lender L/C Issuer under a Letter of Credit (each such date, an “HONOR DATEHonor Date”), the Borrower shall reimburse the Issuing Lender L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower Xxxxxxxx fails to so reimburse the Issuing Lender L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “UNREIMBURSED AMOUNTUnreimbursed Amount”), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment Applicable Percentage of such Lender)thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised of Base Rate Loans Borrowing to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount Commitments and the conditions set forth in Section 5.2 (other than the delivery of a Notice of BorrowingBorrowing Request). Any notice given by the Issuing Lender L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(i) may be given by telephone if immediately confirmed in writing; PROVIDED provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the Issuing Lender L/C Issuer under a Letter of Credit (each such date, an “"HONOR DATE”"), the Borrower shall reimburse the Issuing Lender L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “"UNREIMBURSED AMOUNT”"), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving 's Working Capital Loan Commitment Percentage of such Lender)thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Working Capital Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 SECTION 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount Working Capital Commitments and the conditions set forth in Section 5.2 SECTIONS 5.02 and 5.03 (other than the delivery of a Notice of BorrowingLoan Notice). Any notice given by the Issuing Lender L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(iSECTION 2.05(c)(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.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. a.m., on the date of any payment by the Issuing Lender L/C Issuer under a Letter of Credit (or if the notice of drawing on such Letter of Credit is given after 11:00 a.m., then not later than 11:00 a.m. on the next succeeding Business Day after the date of any payment by such L/C Issuer under a Letter of Credit) (each such date, an “HONOR DATE”"Honor Date"), the Borrower shall reimburse the Issuing Lender L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “UNREIMBURSED AMOUNT”"Unreimbursed Amount"), and the amount of such Lender’s pro rata share thereof (based on the respective Revolving Commitment Percentage of such Lender)'s Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 2.02 for the principal amount of Base Rate Committed Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount Aggregate Commitments and the conditions set forth in Section 5.2 4.02 (other than the delivery of a Notice of BorrowingCommitted Loan Notice). Any notice given by the Issuing Lender or the Administrative Agent L/C Issuer pursuant to this Section 2.2(c)(i2.03(c)(i) may be given by telephone if immediately confirmed in writing; PROVIDED provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

Funding of Participations. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Lender applicable L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 1:00 p.m. (or if the notice of drawing on such Letter of Credit is given after 11:00 a.m. a.m., then not later than 12:00 noon on the next succeeding Business Day on the date of any payment by the Issuing Lender such L/C Issuer under a Letter of Credit (each such date, an “"HONOR DATE”"), the Borrower shall reimburse the Issuing Lender such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Lender such L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (the “"UNREIMBURSED AMOUNT”"), and the amount of such Revolving Credit Lender’s pro rata share thereof (based on the respective Revolving Commitment Percentage of such Lender)'s Pro Rata Share thereof. In such event, the Borrower shall be deemed to have requested a Revolving Loan advance comprised Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 SECTION 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Committed Amount Credit Commitments and the conditions set forth in Section 5.2 (other than the delivery absence of a Notice of BorrowingDefault under SECTION 8.01(f) or 8.01(g). Any notice given by the Issuing Lender such L/C Issuer or the Administrative Agent pursuant to this Section 2.2(c)(iSECTION 2.03(c)(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.