Participations of Banks. Each such payment made by a Bank in respect of a Letter of Credit Participation shall be treated as the purchase by such Bank of a participating interest in the Borrower's Reimbursement Obligation under (S)
Appears in 2 contracts
Samples: Revolving Credit Agreement (Trico Marine Services Inc), Revolving Credit Agreement (Trico Marine Services Inc)
Participations of Banks. Each such payment made by a Bank in respect of a Letter of Credit Participation ----------------------- shall be treated as the purchase by such Bank of a participating interest in the Borrower's Reimbursement Obligation under (S)S)5.2 in an amount
Appears in 1 contract
Samples: Revolving Credit and Acquisition Loan Agreement (Jackson Products Inc)
Participations of Banks. Each such payment made by a Bank in respect of a Letter of Credit Participation shall -------------- -- ----- be treated as the purchase by such Bank of a participating interest in the BorrowerCompany's Reimbursement Obligation under (S)S)2A.2 in an amount equal to such payment. Each Bank shall share in accordance with its participating interest in any interest which accrues pursuant to (S)2A.2.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Sterling Commerce Inc)
Participations of Banks. Each such payment made by a Bank in respect of a Letter of Credit Participation shall ----------------------- be treated as the purchase by such Bank of a participating interest in the Borrower's Reimbursement Obligation under (S)S)7.2 in an amount equal to such payment. Each Bank shall share in accordance with its participating interest in any interest which accrues pursuant to (S)7.2.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Petro Stopping Centers L P)
