Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance with this Agreement to make the Revolving Loans or Participation Advance as a result of a drawing under a Letter of Credit, and the obligations of U.S. Borrowers to reimburse 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 2.06(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 Loans or Participation Advance Advances as a result of a drawing under a Letter of Credit, and the obligations of U.S. Borrowers to reimburse 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 2.06(h) 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 Loans or Participation Advance as a result of a drawing under a Letter of Credit, and the obligations of U.S. Borrowers to reimburse 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 2.06(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 Loans Advances or Participation Advance Advances, as applicable, as a result of a drawing under a Letter of Credit, and the obligations of U.S. Borrowers to reimburse Issuing Bank 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 2.06(h) 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 Loans or Participation Advance Advances as a result of a drawing under a Letter of Credit, and the obligations of U.S. Borrowers the Borrower to DMFIRM #406105327 v2 89 reimburse 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 2.06(h) 2.4 under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Credit and Guaranty Agreement (QualTek Services 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 Loans Advances or Participation Advance Advances as a result of a drawing under a Letter of Credit, and the obligations of U.S. Borrowers Borrower to reimburse Issuing Bank 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 2.06(h) 2.18 under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Credit Agreement (Connecture Inc)
