Nature of Reimbursement Obligations. The obligations of the Seller to reimburse the applicable LC 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 Article I under all circumstances, including the following circumstances:
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (Owens Corning)
Nature of Reimbursement Obligations. The obligations of the Seller to reimburse the applicable an LC 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 Article I under all circumstances, including the following circumstances:
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Celanese Corp), Receivables Purchase Agreement (Celanese Corp)
Nature of Reimbursement Obligations. The obligations of the Seller to reimburse the applicable LC 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 Article I under all circumstances, including the following circumstances:
Appears in 2 contracts
Samples: Receivables Purchase Agreement (American Greetings Corp), Receivables Purchase Agreement (Ferro Corp)
Nature of Reimbursement Obligations. The obligations of the Seller to reimburse the applicable LC Bank upon a draw under a Letter of CreditCredit which has been honored by the LC Bank, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Article I Agreement under all circumstances, including under the following circumstances:
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Arch Chemicals Inc), Receivables Purchase Agreement (Arch Chemicals Inc)
Nature of Reimbursement Obligations. The obligations of the Seller Borrower to reimburse the applicable LC 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 Article I Agreement and under all circumstances, including the following circumstances:
Appears in 1 contract
Samples: Receivables Financing Agreement (Davey Tree Expert Co)
