Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Advances or Participation Advances as a result of a drawing under a Letter of Credit, and the obligations of the Borrowers to reimburse any Issuer 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 2.17 under all circumstances, including the following circumstances:
Appears in 2 contracts
Samples: Credit and Security Agreement (Invacare Corp), Credit and Security Agreement (Invacare Corp)
Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Advances Loans or Participation Advances Advance as a result of a drawing under a Letter of Credit, and the obligations of the U.S. Borrowers to reimburse any Issuer 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 2.17 2.06(h) under all circumstances, including the following circumstances:
Appears in 2 contracts
Samples: Credit Agreement (Designer Brands Inc.), Credit Agreement (American Eagle Outfitters Inc)
Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Advances Loans or Participation Advances as a result of a drawing under a Letter of Credit, and the obligations of the Borrowers to reimburse any Issuer 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 2.17 under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Pledge and Security Agreement (Fairmount Santrol Holdings Inc.)
Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Advances or Participation Advances as a result of a drawing under a Letter of Credit, and the obligations of the Borrowers Borrower to reimburse any Issuer 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 2.17 2.18 under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Credit Agreement (Connecture Inc)
Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Advances Loans or Participation Advances Advance as a result of a drawing under a Letter of Credit, and the obligations of the Borrowers to reimburse any Issuer 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 2.17 2.06(h) under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Credit Agreement (Big Lots Inc)
Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Advances or Participation Advances Advances, as applicable, as a result of a drawing under a Letter of Credit, and the obligations of the Borrowers to reimburse any Issuer 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 2.17 2.18 under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Credit and Security Agreement (Finish Line Inc /In/)
Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Advances Loans or Participation Advances as a result of a drawing under a Letter of Credit, and the obligations of the Borrowers Borrower to DMFIRM #406105327 v2 89 reimburse any Issuer the applicable 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 2.17 2.4 under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Credit and Guaranty Agreement (QualTek Services Inc.)
