Obligations of Borrower Absolute. The obligation of the Borrower to reimburse the Fronting Bank for Drawings honored under the Letters of Credit issued by it shall be unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances including, without limitation, the following circumstances:
Appears in 10 contracts
Samples: Credit Agreement (Northeast Utilities), Year Credit Agreement (Jersey Central Power & Light Co), Credit Agreement (Western Massachusetts Electric Co)
Obligations of Borrower Absolute. The obligation of the Borrower to reimburse the each Fronting Bank for Drawings honored under the Letters of Credit issued for the account of the Borrower by it such Fronting Bank shall be unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances including, without limitation, the following circumstances:
Appears in 4 contracts
Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp)
Obligations of Borrower Absolute. The obligation of the Borrower to reimburse the each Fronting Bank for Drawings honored under the Letters of Credit issued by it shall be unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances including, without limitation, the following circumstances:
Appears in 1 contract
Samples: Credit Agreement (Public Service Co of New Hampshire)
