Common use of Participation Funding Clause in Contracts

Participation Funding. Issuing Bank may request the Lenders to fund their participations in Letters of Credit by paying to Issuing Bank all or any portion of any Drawing Payment made or to be made by Issuing Bank under any Letter of Credit. Issuing Bank shall make such a request by delivering to Agent (with a copy to Borrower), at any time after the drawing for which such payment is requested has been made upon Issuing Bank, a written request for such payment which specifies the amount of such Drawing Payment and the date on which such Drawing Payment is to be made or was made; provided, however, that Issuing Bank shall not request the Lenders to make any payment under this Subparagraph 2.02(d) in connection with any portion of a Drawing Payment for which Issuing Bank has been reimbursed from a Reimbursement Payment by Borrower unless such Reimbursement Payment has been thereafter recovered by Borrower. Agent shall promptly notify each Lender of the contents of each such request and of such Lender’s Revolving Loan Proportionate Share of the applicable portion of such Drawing Payment. Promptly following receipt of such notice from Agent, each Lender shall pay to Agent, for the benefit of Issuing Bank, such Lender’s Revolving Loan Proportionate Share of the applicable portion of such Drawing Payment.

Participation Funding. Issuing Bank may request the Lenders to fund their participations in Letters of Credit by paying to Agent, for the benefit of Issuing Bank Bank, all or any portion of any Drawing Payment made or to be made by Issuing Bank under any Letter of Credit. Issuing Bank shall make such a request by delivering to Agent (with a copy to BorrowerBorrowers), at any time after the drawing for which such payment is requested has been made upon Issuing Bank, a written request for such payment which specifies the amount of such Drawing Payment and the date on which such Drawing Payment is to be made or was made; provided, however, that Issuing Bank shall not request the Lenders to make any payment under this Subparagraph 2.02(d2.01(b)(iv) in connection with any portion of a Drawing Payment for which Issuing Bank has been reimbursed in full from a Reimbursement Payment by Borrower Borrowers unless such Reimbursement Payment has been thereafter recovered by BorrowerBorrowers or any other Person. Agent shall promptly notify each Lender of the contents of each such request and of such Lender’s Revolving Loan Proportionate Share of the applicable portion of such Drawing Payment. Promptly following receipt of such notice from Agent, each Lender shall pay to Agent, for the benefit of Issuing Bank, such Lender’s Revolving Loan Proportionate Share of the applicable portion of such Drawing Payment.

Participation Funding. Issuing Bank may request the Lenders to fund their participations in Letters of Credit by paying to Agent, for the benefit of Issuing Bank Bank, all or any portion of any Drawing Payment made or to be made by Issuing Bank under any Letter of Credit. Issuing Bank shall make such a request by delivering to Agent (with a copy to Borrower), at any time after the drawing for which such payment is requested has been made upon Issuing Bank, a written request for such payment which specifies the amount of such Drawing Payment and the date on which such Drawing Payment is to be made or was made; provided, however, that Issuing Bank shall not request the Lenders to make any payment under this Subparagraph 2.02(d2.01(b)(iv) in connection with any portion of a Drawing Payment for which Issuing Bank has been reimbursed in full from a Reimbursement Payment by Borrower unless such Reimbursement Payment has been thereafter recovered by BorrowerBorrower or any other Person. Agent shall promptly notify each Lender of the contents of each such request and of such Lender’s Revolving Loan Proportionate Share of the applicable portion of such Drawing Payment. Promptly following receipt of such notice from Agent, each Lender shall pay to Agent, for the benefit of Issuing Bank, such Lender’s Revolving Loan Proportionate Share of the applicable portion of such Drawing Payment.

Participation Funding. Issuing Bank may request the Facility A Lenders to fund their participations in Letters of Credit by paying to Issuing Bank all or any portion of any Drawing Payment made or to be made by Issuing Bank under any Letter of Credit. Issuing Bank shall make such a request by delivering to Agent (with a copy to BorrowerBorrowers), at any time after the drawing for which such payment is requested has been made upon Issuing Bank, a written request for such payment which specifies the amount of such Drawing Payment and the date on which such Drawing Payment is to be made or was made; provided, however, that Issuing Bank shall not request the Facility A Lenders to make any payment under this Subparagraph 2.02(d2.01(b)(iv) in connection with any portion of a Drawing Payment for which Issuing Bank has been reimbursed from a Reimbursement Payment by Borrower Borrowers unless such Reimbursement Payment has been thereafter recovered by BorrowerBorrowers or any other Person. Agent shall promptly notify each Facility A Lender of the contents of each such request and of such Facility A Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment. Promptly following receipt of such notice from Agent, each Facility A Lender shall pay to Agent, for the benefit of Issuing Bank, such Facility A Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment.

Participation Funding. Issuing Bank may request the Lenders to fund their participations in Letters of Credit by paying to Issuing Bank all or any portion of any Drawing Payment made or to be made by Issuing Bank under any Letter of Credit. Issuing Bank shall make such a request by delivering to Agent (with a copy to BorrowerBorrowers), at any time after the drawing for which such payment is requested has been made upon Issuing Bank, a written request for such payment which specifies the amount of such Drawing Payment and the date on which such Drawing Payment is to be made or was made; provided, however, that Issuing Bank shall not request the Lenders to make any payment under this Subparagraph 2.02(d2.01(b)(iv) in connection with any portion of a Drawing Payment for which Issuing Bank has been reimbursed in full from a Reimbursement Payment by Borrower Borrowers unless such Reimbursement Payment has been thereafter recovered by BorrowerBorrowers or any other Person. Agent shall promptly notify each Lender of the contents of each such request and of such Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment. Promptly following receipt of such notice from Agent, each Lender shall pay to Agent, for the benefit of Issuing Bank, such Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment.

Participation Funding. Issuing Bank may request the Facility A Lenders to fund their participations in Letters of Credit by paying to Issuing Bank all or any portion of any Drawing Payment made or to be made by Issuing Bank under any Letter of Credit. Issuing Bank shall make such a request by delivering to Agent (with a copy to Borrower), at any time after the drawing for which such payment is requested has been made upon Issuing Bank, a written request for such payment which specifies the amount of such Drawing Payment and the date on which such Drawing Payment is to be made or was made; provided, however, that Issuing Bank shall not request the Facility A Lenders to make any payment under this Subparagraph 2.02(d2.01(b)(iv) in connection with any portion of a Drawing Payment for which Issuing Bank has been reimbursed from a Reimbursement Payment by Borrower unless such Reimbursement Payment has been thereafter recovered by BorrowerBorrower or any other Person. Agent shall promptly notify each Facility A Lender of the contents of each such request and of such Facility A Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment. Promptly following receipt of such notice from Agent, each Facility A Lender shall pay to Agent, for the benefit of Issuing Bank, such Facility A Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment.

Participation Funding. Issuing Bank may request the Lenders to fund their participations in Letters of Credit by paying to Issuing Bank all or any portion of any Drawing Payment made or to be made by Issuing Bank under any Letter of Credit. Issuing Bank shall make such a request by delivering to Agent (with a copy to Borrower), at any time after the drawing for which such payment is requested has been made upon Issuing Bank, a written request for such payment which specifies the amount of such Drawing Payment and the date on which such Drawing Payment is to be made or was made; provided, however, that Issuing Bank shall not request the Lenders to make any payment under this Subparagraph 2.02(d2.01(b)(iv) in connection with any portion of a Drawing Payment for which Issuing Bank has been reimbursed in full from a Reimbursement Payment by Borrower unless such Reimbursement Payment has been thereafter recovered by BorrowerBorrower or any other Person. Agent shall promptly notify each Lender of the contents of each such request and of such Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment. Promptly following receipt of such notice from Agent, each Lender shall pay to Agent, for the benefit of Issuing Bank, such Lender’s Revolving Loan 's Proportionate Share of the applicable portion of such Drawing Payment.