Common use of LOANS TO COVER REIMBURSEMENT OBLIGATIONS Clause in Contracts

LOANS TO COVER REIMBURSEMENT OBLIGATIONS. Notwithstanding the notice and minimum amount requirements set forth in (S)2.6, the Agent shall, unless otherwise instructed by the Majority Banks and subject to the satisfaction of the conditions set forth herein, make Loans to the Borrowers on the date that any draft presented under any Letter of Credit is honored by the Agent, or any date on which the Agent otherwise makes a payment with respect thereto in an amount sufficient to pay in full the obligations of the Borrowers under (S)3.2 in respect of the honor of such draft or the making of such payment. The Borrowers hereby request and authorize the Agent to make from time to time such Loans by means of appropriate entries in the books and records of the Agent and to notify the Banks of the date and amount of any such Loans. The Borrowers acknowledge and agree that the making of such Loans shall, in each case, be subject in all respects to the provisions of this Agreement as if they were Loans requested pursuant to a Loan Request, including the limitations set forth in (S)2.1 and the requirement that the applicable provisions of (S)12 be satisfied. Absent manifest error on the part of the Agent, all actions taken by the Agent pursuant to the provisions of this (S)2.7 shall be conclusive and binding on the Borrowers. Loans made pursuant to this (S)2.7 shall be Base Rate Loans (subject to conversion pursuant to (S)2.8 hereof) and shall bear interest at the rate provided for Loans in (S)2.5(a) hereof. Each of the Banks hereby acknowledges and agrees that a Loan made by the Agent pursuant to this (S)2.7 shall (i) be subject in all respects to the provisions of this Agreement (including, without limitation, (S)2.9 hereof) and (ii) obligate each Bank to advance to the Agent the amount of such Bank's Commitment Percentage of such Loan.

LOANS TO COVER REIMBURSEMENT OBLIGATIONS. Notwithstanding the notice and minimum amount requirements set forth in (S)2.62.6., the Agent shall, unless otherwise instructed by the Majority Banks and subject to the satisfaction of the conditions set forth herein, make Loans to the Borrowers on the date that any draft presented under any Letter of Credit is honored by the Agent, or any date on which the Agent otherwise makes a payment with respect thereto thereto, in an amount sufficient to pay in full the obligations of the Borrowers under (S)3.2 Section 4.2 in respect of the honor of such draft or the making of such payment. The Borrowers hereby request and authorize the Agent to make from time to time such Loans by means of appropriate entries in the books and records of the Agent and to notify the Banks of the date and amount of any such Loans. The Borrowers acknowledge and agree that the making of such Loans shall, in each case, be subject in all respects to the provisions of this Agreement as if they were Loans requested pursuant to covered by a Loan Request, Request including the limitations set forth in (S)2.1 Section 2.1 and the requirement that the applicable provisions of (S)12 Section 12 be satisfied. Absent manifest error on the part of the Agent, all actions taken by the Agent pursuant to the provisions of this (S)2.7 Section 2.6A shall be conclusive and binding on the Borrowers. Loans made pursuant to this (S)2.7 Section 2.6A shall be Base Rate Loans (subject to conversion pursuant to (S)2.8 Section 2.7 hereof) and shall bear interest at the rate provided for Loans in (S)2.5(a) Section 2.5 hereof. Each of the Banks hereby acknowledges and agrees that a Loan made by the Agent pursuant to this (S)2.7 Section 2.6A shall (i) be subject in all respects to the provisions of this Agreement (including, without limitation, (S)2.9 Section 2.8 hereof) and (ii) obligate each Bank to advance to the Agent the amount of such Bank's Commitment Percentage of such Loan.

LOANS TO COVER REIMBURSEMENT OBLIGATIONS. Notwithstanding the notice and minimum amount requirements set forth in (S)2.6Section 2.6.1, the Agent shall, unless otherwise instructed by the Majority Banks and subject to the satisfaction of the conditions set forth herein, including, without limitation, Section 16 hereof, make Revolving Credit Loans to the Borrowers Borrower on the date that any draft presented under any Letter of Credit is honored by the Agent, or any date on which the Agent otherwise makes a payment with respect thereto thereto, in an amount sufficient to pay in full the obligations of the Borrowers Borrower under (S)3.2 Section 5.2 in respect of the honor of such draft or the making of such payment. The Borrowers Borrower hereby request requests and authorize authorizes the Agent to make from time to time such Revolving Credit Loans by means of appropriate entries in the books and records of the Agent and to notify the Revolving Credit Banks of the date and amount of any such Revolving Credit Loans. The Borrowers acknowledge Borrower acknowledges and agree agrees that the making of such Revolving Credit Loans shall, in each case, be subject in all respects to the provisions of this Credit Agreement as if they were Revolving Credit Loans requested pursuant to covered by a Loan Request, Request including the limitations set forth in (S)2.1 Section 2.1 and the requirement that the applicable provisions of (S)12 Section 16 be satisfied. Absent manifest error on the part of the Agent, all actions taken by the Agent pursuant to the provisions of this (S)2.7 Section 2.6.2 shall be conclusive and binding on the BorrowersBorrower. Revolving Credit Loans made pursuant to this (S)2.7 Section 2.6.2 shall be Base Rate Loans (subject to conversion pursuant to (S)2.8 Section 2.7 hereof) and shall bear interest at the rate provided for Revolving Credit Loans in (S)2.5(a) Section 2.5 hereof. Each of the Banks hereby acknowledges and agrees that a Revolving Credit Loan made by the Agent pursuant to this (S)2.7 Section 2.6.2 shall (i) be subject in all respects to the provisions of this Credit Agreement (including, without limitation, (S)2.9 Section 2.8 hereof) and (ii) obligate each Bank to advance to the Agent the amount of such Bank's Revolving Credit Commitment Percentage of such Revolving Credit Loan.

LOANS TO COVER REIMBURSEMENT OBLIGATIONS. Notwithstanding the notice and minimum amount requirements set forth in (S)2.6Section 2.6.1, the Administrative Agent shall, unless otherwise instructed by the Majority Banks and subject to the satisfaction of the conditions set forth herein, including, without limitation, Section 14 hereof (other than Section 14.1, unless an Event of Default is continuing), make Revolving Credit Loans to the Borrowers Borrower on the date that any draft presented under any Letter of Credit is honored by the Administrative Agent, or any date on which the Administrative Agent otherwise makes a payment with respect thereto thereto, in an amount sufficient to pay in full the obligations of the Borrowers Borrower under (S)3.2 Section 5.2 in respect of the honor of such draft or the making of such payment. The Borrowers Borrower hereby request requests and authorize authorizes the Administrative Agent to make from time to time such Revolving Credit Loans by means of appropriate entries in the books and records of the Administrative Agent and to notify each of the Banks which have Revolving Credit Commitments of the date and amount of any such Revolving Credit Loans. The Borrowers acknowledge Borrower acknowledges and agree agrees that the making of such Revolving Credit Loans shall, in each case, be subject in all respects to the provisions of this Credit Agreement as if they were Revolving Credit Loans requested pursuant to covered by a Loan Request, Request including the limitations set forth in (S)2.1 Section 2.1 and the requirement that the applicable provisions of Section 14 (S)12 other than Section 14.1, unless an Event of Default is continuing) be satisfied. Absent manifest error on the part of the Administrative Agent, all actions taken by the Administrative Agent pursuant to the provisions of this (S)2.7 Section 2.6.3. shall be conclusive and binding on the BorrowersBorrower. Revolving Credit Loans made pursuant to this (S)2.7 Section 2.6.3. shall be Base Prime Rate Loans (subject to conversion pursuant to (S)2.8 Section 2.7 hereof) and shall bear interest at the rate provided for Revolving Credit Loans in (S)2.5(a) Section 2.5 hereof. Each of the Banks hereby acknowledges and agrees that a Revolving Credit Loan made by the Administrative Agent pursuant to this (S)2.7 Section 2.6.3. shall (i) be subject in all respects to the provisions of this Credit Agreement (including, without limitation, (S)2.9 Section 2.8 hereof) and (ii) obligate each such Bank to advance to the Administrative Agent the amount of such Bank's Revolving Credit Commitment Percentage of such Revolving Credit Loan.

LOANS TO COVER REIMBURSEMENT OBLIGATIONS. Notwithstanding the notice and minimum amount requirements set forth in (S)2.6SECTION 2.6, the Agent Banks shall, unless otherwise instructed by the Majority Banks and subject to the satisfaction of the conditions set forth herein, make Loans to the Borrowers on the date that any draft presented under any Letter of Credit is honored by the AgentIssuing Bank, or any date on which the Agent Issuing Bank otherwise makes a payment with respect thereto in an amount sufficient to pay in full the obligations of the Borrowers under (S)3.2 SECTION 3.2 in respect of the honor of such draft or the making of such payment. The Borrowers hereby request and authorize the Agent Banks to make from time to time such Loans by means of appropriate entries in the books and records of the Agent Banks and the proceeds of such Loans shall be payable to notify the Banks of the date and amount of any such LoansIssuing Bank. The Borrowers acknowledge and agree that the making of such Loans shall, in each case, be subject in all respects to the provisions of this Agreement as if they were Loans requested pursuant to a Loan Request, including the limitations set forth in (S)2.1 SECTION 2.1 and the requirement that the applicable provisions of (S)12 SECTION 12 be satisfied. Absent manifest error on the part of the AgentBanks, all actions taken by the Agent Banks pursuant to the provisions of this (S)2.7 SECTION 2.7 shall be conclusive and binding on the Borrowers. Loans made pursuant to this (S)2.7 SECTION 2.7 shall be Base Rate Loans (subject to conversion pursuant to (S)2.8 SECTION 2.8 hereof) and shall bear interest at the rate provided for Loans in (S)2.5(a) SECTION 2.5 hereof. Each of the Banks hereby acknowledges and agrees that (i) a Loan made by the Agent pursuant to this (S)2.7 SECTION 2.7 shall (i) be subject in all respects to the provisions of this Agreement (including, without limitation, (S)2.9 SECTION 2.9 hereof) and (ii) obligate the obligation of each Bank to advance to the Agent make Loans under this Section shall be in accordance with the amount of such Bank's Commitment Percentage of such Loan.