Common use of Means of Reimbursement Clause in Contracts

Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.15.3 hereof, Borrower shall advise Agent whether or not Borrower intends to obtain a Loan to finance its obligation to reimburse the Issuing Bank for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that Borrower fails to so advise Agent, and if Borrower fails to reimburse the Issuing Bank for a demand for payment under a Letter of Credit by the date of such payment, Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's Pro Rata Share of the amount of the related demand for payment, and Borrower shall be deemed in default hereunder for breaching Section 2.15.3 above.

Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.15.3 2.19.3 hereof, the Borrower shall advise the Agent whether or not the Borrower intends to obtain a Loan to finance its obligation to reimburse the Issuing Bank NationsBank for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that the Borrower fails to so advise the Agent, and if the Borrower fails to reimburse the Issuing Bank NationsBank for a demand for payment under a Letter of Credit by the date of such payment, the Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's Pro Rata Share of the amount of the related demand for payment, and the Borrower shall be deemed in default hereunder for breaching Section 2.15.3 2.19.3 above.

Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.15.3 2.16.3 hereof, Borrower Response shall advise Agent whether or not Borrower Response, on behalf of Borrowers, intends to obtain a Loan to finance its obligation to reimburse the Issuing Bank for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that Borrower Response fails to so advise Agent, and if Borrower Response fails to reimburse the Issuing Bank for a demand for payment under a Letter of Credit by the date of such payment, Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's Pro Rata Share of the amount of the related demand for payment, and Borrower Borrowers shall be deemed in default hereunder for breaching Section 2.15.3 2.16.3 above.

Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.15.3 2.17.3 hereof, Borrower ALFA shall advise Agent whether or not Borrower ALFA, on behalf of Borrowers, intends to obtain a Loan to finance its obligation to reimburse the Issuing Bank for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that Borrower ALFA fails to so advise Agent, and if Borrower ALFA fails to reimburse the Issuing Bank for a demand for payment under a Letter of Credit by the date of such payment, Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's ’s Pro Rata Share of the amount of the related demand for payment, and Borrower Borrowers shall be deemed in default hereunder for breaching Section 2.15.3 2.17.3 above.

Means of Reimbursement. Forthwith upon its receipt of a notice referred to in Section 2.15.3 2.16.3 hereof, Borrower PLC shall advise the Agent whether or not Borrower PLC, on behalf of Borrowers, intends to obtain a Loan to finance its obligation to reimburse the Issuing Bank Agent for the amount of the related demand for payment and, if it does, submit a notice of such borrowing as provided in this Agreement. In the event that Borrower PLC fails to so advise the Agent, and if Borrower PLC fails to reimburse the Issuing Bank Agent for a demand for payment under a Letter of Credit by the date of such payment, the Agent shall give each Lender prompt notice of the amount of the demand for payment, specifying such Lender's ’s Pro Rata Share of the amount of the related demand for payment, and Borrower Borrowers shall be deemed in default hereunder for breaching Section 2.15.3 2.16.3 above.