Common use of Nature of Participation and Reimbursement Obligations Clause in Contracts

Nature of Participation and Reimbursement Obligations. Each Bank's obligation in accordance with this Agreement to participate in Letters of Credit and make the Revolving Credit Loans, as contemplated by Section 2.9.3 [Participations in Letters of Credit; Disbursements, Reimbursement], as a result of a drawing under a Letter of Credit, and the Obligations of the Borrower to reimburse the Issuing Bank upon a draw under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.9.6 under all circumstances, including the following circumstances:

Nature of Participation and Reimbursement Obligations. Each Bank's Lender’s obligation in accordance with this Agreement to participate in Letters of Credit and make the Revolving Credit LoansLoans or Participation Advances, as contemplated by Section 2.9.3 [Participations in Letters of Credit; Disbursements, Reimbursement], as a result of a drawing under a Letter of Credit (including the Existing Letters of Credit), and the Obligations of the Borrower to reimburse the Issuing Bank Lender upon a draw under a Letter of Credit (including the Existing Letters of Credit), shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.9.6 2.9 under all circumstances, including the following circumstances:

Nature of Participation and Reimbursement Obligations. Each BankLender's obligation in accordance with this Agreement to participate in Letters of Credit and make the Revolving Credit LoansLoans or Participation Advances, as contemplated by Section 2.9.3 [Participations in Letters of Credit; Disbursements, Reimbursement]2.9.3, as a result of a drawing under a Letter of Credit, and the Obligations of the Borrower Borrowers to reimburse the Administrative Agent or any Issuing Bank Lender (as applicable) upon a draw under a Letter of Credit, subject to Section 10.18 for the avoidance of doubt (if applicable), shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.9.6 2.9 under all circumstances, including the following circumstances:

Nature of Participation and Reimbursement Obligations. Each Bank's Lender’s obligation in accordance with this Agreement to participate in Letters of Credit and make the Revolving Credit LoansLoans or Participation Advances, as contemplated by Section 2.9.3 2.8.3 [Participations in Letters of Credit; Disbursements, Reimbursement], as a result of a drawing under a Letter of Credit, and the Obligations of the Borrower Company to reimburse the each Issuing Bank Lender upon a draw under a Letter of CreditCredit issued by any such Issuing Lender, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.9.6 2.8 under all circumstances, including the following circumstances:

Nature of Participation and Reimbursement Obligations. Each Bank's ’s obligation in accordance with this Agreement to participate in Letters of Credit and make the Revolving Credit LoansLoans or Participation Advances, as contemplated by Section 2.9.3 [Participations in Letters of Credit; Disbursements, Reimbursement], as a result of a drawing under a Letter of Credit, and the Obligations of the Borrower to reimburse the Administrative Agent on behalf of an Issuing Bank upon a draw under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.9.6 2.9.7 under all circumstances, including the following circumstances:

Nature of Participation and Reimbursement Obligations. Each Bank's obligation in accordance with this Agreement to participate in Letters of Credit and make the Revolving Credit LoansLoans or Participation Advances, as contemplated by Section 2.9.3 2.10.3 [Participations in Letters of Credit; Disbursements, Reimbursement], as a result of a drawing under a Letter of Credit, and the Obligations of the Borrower to reimburse the Issuing Letter of Credit Bank upon a draw under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.9.6 2.8 [Use of Proceeds] under all circumstances, including the following circumstances:

Nature of Participation and Reimbursement Obligations. Each Bank's Lender’s obligation in accordance with this Agreement to participate in Letters of Credit and make the Revolving Credit LoansLoans or Participation Advances, as contemplated by Section 2.9.3 2.8.3 [Participations in Letters of Credit; Disbursements, Reimbursement], as a result of a drawing under a Letter of Credit, and the Obligations of the Borrower Borrowers to reimburse the each Issuing Bank Lender upon a draw under a Letter of CreditCredit issued by any such Issuing Lender, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.9.6 2.8 under all circumstances, including the following circumstances: