Common use of Participations in Reimbursement Obligations Clause in Contracts

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph (e) above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers hereunder and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender’s Letter of Credit Commitment Percentage in any interest or other amounts payable by the Borrowers hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph (g) of this Section 2.03). Upon receipt by an Issuing Lender from or for the account of the Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff or application of proceeds of any collateral security) such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, such Lender’s Letter of Credit Commitment Percentage of such payment, each such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender hereunder is rescinded or must otherwise be returned by such Issuing Lender, such Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender Bank to an Issuing Lender Bank pursuant to paragraph (eSection 2.2(d) above in respect of any Letter of Credit, such Lender Bank shall, automatically and without any further action on the part of the Administrative Agent, such any Issuing Lender Bank or such LenderBank, acquire (i) a funded participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender Bank by the Borrowers applicable Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such LenderBank’s Letter of Credit Commitment LC Participation Percentage in any interest or other amounts payable by the Borrowers applicable Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph (g) of this Fronting Fee contemplated by Section 2.032.11(b)(i)). Upon receipt by an any Issuing Lender Bank from or for the account of the Borrowers a Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff or application of proceeds of any collateral security) security or the withdrawal and application of funds from an XX Xxxx Collateral Account in respect of such Borrower), such Issuing Lender Bank shall promptly pay to the Administrative Agent Agent, for the account of each Lender Bank entitled thereto, such LenderBank’s Letter of Credit Commitment LC Participation Percentage of such payment, each such payment by such Issuing Lender Bank to be made in the same money currency and funds in which received by such Issuing LenderBank. In the event any payment received by an any Issuing Lender Bank and so paid to a Lender the Banks hereunder is rescinded or must otherwise be returned by such Issuing LenderBank, such Lender each Bank shall, upon the request of such Issuing Lender Bank (through the Administrative Agent), repay to such Issuing Lender Bank (through the Administrative Agent) the amount portion of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03Bank.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph clause (e) above of this Section 2.16 in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit Credit, and (ii) a participation in a percentage equal to such Lender’s Letter of Credit Commitment Percentage in any interest or other amounts payable by the Borrowers Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph clause (g) of this Section 2.032.16). Upon receipt by an Issuing Lender from or for the account of the Borrowers Borrower of any payment in respect of any 42 Reimbursement Obligation or any such interest or other amount (including by way of setoff set-off or application of proceeds of any collateral security) ), such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, thereto such Lender’s Letter of Credit Commitment Percentage of such payment, each such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender the Lenders hereunder is rescinded or must otherwise be returned by such Issuing Lender, such each Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph clause (j) of this Section 2.032.16.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph (e) above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers hereunder and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender’s Letter of Credit Commitment Percentage in any interest or other amounts payable by the Borrowers hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph (g) of this Section 2.03). Upon receipt by an Issuing Lender from or for the account of the Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff or application of proceeds of any collateral security) such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, such Lender’s Letter of Credit Commitment Percentage of such payment, each such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender hereunder is rescinded or must otherwise be returned by such Issuing Lender, such Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03.. Table of Contents

Participations in Reimbursement Obligations. Upon the making of ------------------------------------------- each payment by a Revolving Credit Lender to an the Issuing Lender pursuant to paragraph (e) above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such the Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such the Issuing Lender by the Borrowers hereunder and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender’s Letter of 's Revolving Credit Commitment Percentage in any interest or other amounts payable by the Borrowers hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such the Issuing Lender Credit Agreement ---------------- pursuant to paragraph (g) of this Section 2.03). Upon receipt by an the Issuing Lender from or for the account of the Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff or application of proceeds of any collateral security) such the Issuing Lender shall promptly pay to the Administrative Agent for the account of each Revolving Credit Lender entitled thereto, such Revolving Credit Lender’s Letter of 's Revolving Credit Commitment Percentage of such payment, each such payment by such the Issuing Lender to be made in the same money and funds in which received by such the Issuing Lender. In the event any payment received by an the Issuing Lender and so paid to a Lender the Revolving Credit Lenders hereunder is rescinded or must otherwise be returned by such the Issuing Lender, such each Revolving Credit Lender shall, upon the request of such the Issuing Lender (through the Administrative Agent), repay to such the Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph clause (e) above of this Section 2.18 in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit Credit, and (ii) a participation in a percentage equal to such Lender’s Letter of Credit 's Commitment Percentage in any interest or other amounts payable by the Borrowers Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph clause (g) of this Section 2.032.18). Upon receipt by an Issuing Lender from or for the account of the Borrowers Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff set-off or application of proceeds of any collateral security) ), such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, thereto such Lender’s Letter of Credit 's Commitment Percentage of such payment, each such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender the Lenders hereunder is rescinded or must otherwise be returned by such Issuing Lender, such each Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph clause (j) of this Section 2.032.18.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph clause (e) above of this Section 2.02 in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers Company hereunder and under the Letter of Credit Documents relating to such Letter of Credit Credit, and (ii) a participation in a percentage equal to such Lender’s Letter of Credit Commitment Percentage in any interest or other amounts payable by the Borrowers any Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph clause (g) of this Section 2.032.02). Upon receipt by an Issuing Lender from or for the account of the Borrowers any Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff set-off or application of proceeds of any collateral security) such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, thereto such Lender’s Letter of Credit Commitment Percentage of such payment, each such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender hereunder is rescinded or must otherwise be returned by such Issuing Lender, such Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03.Issuing

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph clause (e) above of this Section 2.18 in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit Credit, and (ii) a participation in a percentage equal to such Lender’s Letter of Credit 's Commitment Percentage in any interest or other amounts payable by the Borrowers Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph clause (g) of this Section 2.032.18). Upon receipt by an Issuing Lender from or for the account of the Borrowers Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff set-off or application of proceeds of any collateral security) such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, thereto such Lender’s Letter of Credit 's Commitment Percentage of such payment, each such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender the Lenders hereunder is rescinded or must otherwise be returned by such Issuing Lender, such each Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph clause (j) of this Section 2.032.18.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph clause (e) above of this Section 2.18 in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit Credit, and (ii) a participation in a percentage equal to such Lender’s Letter of Credit Commitment Percentage in any interest or other amounts payable by the Borrowers Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph clause (g) of this Section 2.032.18). Upon receipt by an Issuing Lender from or for the account of the Borrowers Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff set-off or application of proceeds of any collateral security) ), such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, thereto such Lender’s Letter of Credit Commitment Percentage of such payment, each 12:53 p]] such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender the Lenders hereunder is rescinded or must otherwise be returned by such Issuing Lender, such each Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph clause (j) of this Section 2.032.18.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender Bank to an Issuing Lender Bank pursuant to paragraph (eSection 2.2(d) above in respect of any Letter of Credit, such Lender Bank shall, automatically and without any further action on the part of the Administrative Agent, such any Issuing Lender Bank or such LenderBank, acquire (i) a funded participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender Bank by the Borrowers applicable Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such LenderBank’s Letter of Credit Commitment LC Participation Percentage in any interest or other amounts payable by the Borrowers applicable Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph (g) of this Fronting Fee contemplated by Section 2.032.11(b)(i)). Upon receipt by an any Issuing Lender Bank from or for the account of the Borrowers a Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff or application of proceeds of any collateral security) security or the withdrawal and application of funds from an LX Xxxx Collateral Account in respect of such Borrower), such Issuing Lender Bank shall promptly pay to the Administrative Agent Agent, for the account of each Lender Bank entitled thereto, such LenderBank’s Letter of Credit Commitment LC Participation Percentage of such payment, each such payment by such Issuing Lender Bank to be made in the same money currency and funds in which received by such Issuing LenderBank. In the event any payment received by an any Issuing Lender Bank and so paid to a Lender the Banks hereunder is rescinded or must otherwise be returned by such Issuing LenderBank, such Lender each Bank shall, upon the request of such Issuing Lender Bank (through the Administrative Agent), repay to such Issuing Lender Bank (through the Administrative Agent) the amount portion of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03Bank.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an the Issuing Lender pursuant to paragraph (e) above of this Section 2.03 in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such the Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such the Issuing Lender by the Borrowers Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender’s Letter of Credit 's Commitment Percentage in any interest or other amounts payable by the Borrowers Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such the Issuing Lender pursuant to paragraph (g) of this Section 2.03). Upon receipt by an the Issuing Lender from or for the account of the Borrowers Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff or application of proceeds of any collateral security) such the Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, such Lender’s Letter of Credit 's Commitment Percentage of such payment, each such payment by such the Issuing Lender to be made in the same money and funds in which received by such the Issuing Lender. In the event any payment received by an the Issuing Lender and so paid to a Lender the Lenders hereunder is rescinded or must otherwise be returned by such the Issuing Lender, such each Lender shall, upon the request of such the Issuing Lender (through the Administrative Agent), repay to such the Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03.

Participations in Reimbursement Obligations. Upon the making of each payment by a Lender to an Issuing Lender pursuant to paragraph (e) above in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers hereunder and under the Letter of Credit Documents relating to such Letter of Credit and (ii) a participation in a percentage equal to such Lender’s Xxxxxx's Letter of Credit Commitment Percentage in any interest or other amounts payable by the Borrowers hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph (g) of this Section 2.03). Upon receipt by an Issuing Lender from or for the account of the Borrowers of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff or application of proceeds of any collateral security) such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Lender entitled thereto, such Lender’s Xxxxxx's Letter of Credit Commitment Percentage of such payment, each such payment by such Issuing Lender to be made in the same money and funds in which received by such Issuing LenderXxxxxxx Xxxxxx. In the event any payment received by an Issuing Lender and so paid to a Lender hereunder is rescinded or must otherwise be returned by such Issuing Lender, such Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Lender, with interest at the rate specified in paragraph (j) of this Section 2.03.

Participations in Reimbursement Obligations. Upon the making of each payment by a Revolving Lender to an Issuing Lender pursuant to paragraph clause (e) above of this Section 2.19 in respect of any Letter of Credit, such Lender shall, automatically and without any further action on the part of the Administrative Agent, such Issuing Lender or such Revolving Lender, acquire (i) a participation in an amount equal to such payment in the Reimbursement Obligation owing to such Issuing Lender by the Borrowers Borrower hereunder and under the Letter of Credit Documents relating to such Letter of Credit Credit, and (ii) a participation in a percentage equal to such Lender’s Letter of Credit 's Revolving Commitment Percentage in any interest or other amounts payable by the Borrowers Borrower hereunder and under such Letter of Credit Documents in respect of such Reimbursement Obligation (other than the commissions, charges, costs and expenses payable to such Issuing Lender pursuant to paragraph clause (g) of this Section 2.032.19). Upon receipt by an Issuing Lender from or for the account of the Borrowers Borrower of any payment in respect of any Reimbursement Obligation or any such interest or other amount (including by way of setoff set-off or application of proceeds of any collateral security) ), such Issuing Lender shall promptly pay to the Administrative Agent for the account of each Revolving Lender entitled thereto, thereto such Lender’s Letter of Credit 's Revolving Commitment Percentage of such payment, each such payment by [[NYCORP:3318923v15:3100C: 06/26/2012--05:12 p]] such Issuing Lender to be made in the same money and funds in which received by such Issuing Lender. In the event any payment received by an Issuing Lender and so paid to a Lender the Revolving Lenders hereunder is rescinded or must otherwise be returned by such Issuing Lender, such each Revolving Lender shall, upon the request of such Issuing Lender (through the Administrative Agent), repay to such Issuing Lender (through the Administrative Agent) the amount of such payment paid to such Revolving Lender, with interest at the rate specified in paragraph clause (j) of this Section 2.032.19.