Common use of Obligation of Lenders Clause in Contracts

Obligation of Lenders. If Borrowers fail to reimburse Issuing Bank as provided in Section 2.3(c) by the date on which reimbursement is due under that Section, and funds cannot be advanced under Section 2.1 to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrowers’ failure, of the date and amount paid, and of each Lender’s Pro Rata Share of the unreimbursed amount. Each Lender shall promptly and unconditionally snake available to Administrative Agent, for the account of Issuing Bank, in immediately available funds its Pro Rata Share of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(d). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrowers’ reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.m). All amounts payable by any Lender accrue interest after the due date at the Federal Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by such Lender to Administrative Agent. Upon receipt of any such funds, Administrative Agent shall make them available to Issuing Bank.

Obligation of Lenders. If Borrowers fail Borrower fails to reimburse Issuing Bank as provided in Section 2.3(c2.1(e)(iii) by the date on which reimbursement is due under that such Section, and funds a Loan cannot be advanced under Section 2.1 to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrowers’ Xxxxxxxx's failure, of the date and amount paid, and of each Lender’s Pro Rata Share 's Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally snake make available to Administrative Agent, for the account of Issuing Bank, Agent in immediately available funds its Pro Rata Share Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(d). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrowers’ Xxxxxxxx's reimbursement failure (if notice is given before 1:00 p.m.12:00 noon) or on the next succeeding Business Day (if notice is given after 1:00 p.m12:00 noon). All amounts payable by any Lender accrue interest after the due date at the Federal Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by such Lender to Administrative AgentAgent at the Federal Funds Effective Rate for three (3) Business Days and thereafter at the Base Rate. Upon receipt of any such funds, Administrative Agent shall make them available to Issuing Bank.

Obligation of Lenders. If Borrowers fail Borrower fails to reimburse Issuing Bank Lender as provided in Section 2.3(c2.4(c) by the date on which reimbursement is due under that Sectionsection, and funds cannot be advanced under Section 2.1 the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrowers’ Borrower’s failure, of the date and amount paid, and of each Lender’s Pro Rata Share Revolving Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally snake make available to Administrative Agent, for the account of Issuing Bank, Agent in immediately available funds its Pro Rata Share Revolving Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(d2.1(c). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrowers’ Borrower’s reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.mp.m.). All amounts payable by any Lender accrue interest after the due date at the Federal Federal-Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by such the Lender to Administrative Agent. Upon receipt of any such those funds, Administrative Agent shall make them available to the Issuing BankLender.

Obligation of Lenders. If Borrowers fail Borrower fails to reimburse Issuing Bank Administrative Agent as provided in Section 2.3(c2.4(c) by the date on which reimbursement is due under that Sectionwithin 24 hours after Administrative Agent's demand for reimbursement, and funds cannot be advanced under Section 2.1 the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrowers’ Borrower's failure, of the date and amount paid, and of each Lender’s Pro Rata Share 's Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally snake make available to Administrative Agent, for the account of Issuing Bank, Agent in immediately available funds its Pro Rata Share Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(d2.2(d). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrowers’ Borrower's reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.mp.m.). All amounts payable by any Lender accrue interest AMENDED AND RESTATED CREDIT AGREEMENT AMERICAN NATIONAL BANK Page 26 ULTRAK OPERATING, L.P. after the due date date, and each Lender shall pay to Administrative Agent on demand interest, at the Federal Fed Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by such the Lender to Administrative Agent. Upon receipt of any such funds, Administrative Agent shall make them available to Issuing Bank.

Obligation of Lenders. If Borrowers fail Borrower fails to reimburse Issuing Bank Lender as provided in Section 2.3(c) by the date on which reimbursement is due under that Sectionsection, and funds cannot be advanced under Section 2.1 the Revolving Facility to satisfy the reimbursement obligations, then Administrative Agent shall promptly notify each Lender of Borrowers’ Borrower’s failure, of the date and amount paid, and of each Lender’s Pro Rata Share Commitment Percentage of the unreimbursed amount. Each Lender shall promptly and unconditionally snake make available to Administrative Agent, for the account of Issuing Bank, Agent in immediately available funds its Pro Rata Share Commitment Percentage of the unpaid reimbursement obligation, subject to the limitations of Section 2.1(d2.1(c). Funds are due and payable to Administrative Agent before the close of business on the Business Day when Administrative Agent gives notice to each Lender of Borrowers’ Borrower’s reimbursement failure (if notice is given before 1:00 p.m.) or on the next succeeding Business Day (if notice is given after 1:00 p.mp.m.). All amounts payable by any Lender accrue interest after the due date at the Federal Federal-Funds Rate from the day the applicable draft or draw is paid by Administrative Agent to (but not including) the date the amount is paid by such the Lender to Administrative Agent. Upon receipt of any such those funds, Administrative Agent shall make them available to the Issuing BankLender.