Common use of Payment by Lenders Clause in Contracts

Payment by Lenders. If a Revolving Loan is not made in an amount sufficient to reimburse the Issuing Bank in full for the amount of any draw under a Letter of Credit, the Agent shall promptly notify each Lender of the unreimbursed amount of such drawing and of such Lender's respective participation therein. Each Lender shall make available to the Agent, for the account of the Issuing Bank, the amount of its participation in immediately available funds not later than 1:00 P.M. Chicago time on the next Business Day after such Lender receives notice from the Agent of the amount of such Lender's participation in such unreimbursed amount. If any Lender fails to make available to the Agent the amount of such Lender's participation, the Issuing Bank shall be entitled to recover such amount on demand from such Lender together with interest at the Federal Funds Rate for the first three Business Days and thereafter at the Prime Lending Rate. For each Letter of Credit, the Agent shall promptly distribute to each Lender which has funded the amount of its participation its Proportionate Share of all payments subsequently received by the Agent from the Borrowers in reimbursement of honored drawings.

Payment by Lenders. If a Revolving Loan is not made in an amount sufficient to reimburse the Issuing Bank in full for the amount of any draw under a Letter of Credit, the Agent shall promptly notify each Lender of the unreimbursed amount of such drawing and of such Lender's respective participation therein. Each Lender shall make available to the Agent, for the account of the Issuing Bank, the amount of its participation in immediately available funds not later than 1:00 P.M. Chicago time on the next Business Day after such Lender receives notice from the Agent of the amount of such Lender's participation in such unreimbursed amount. If any Lender fails to make available to the Agent the amount of such Lender's participation, the Issuing Bank shall be entitled to recover such amount on demand from such Lender together with interest at the Federal Funds Rate for the first three Business Days and thereafter at the Prime Lending Rate. For each Letter of Credit, the Agent shall promptly distribute to each Lender which has funded the amount of its participation its Proportionate Share of all payments subsequently received by the Agent from the Borrowers Borrower in reimbursement of honored drawings.

Payment by Lenders. If a Revolving Loan is Loans and payments by Borrower are not made in an amount sufficient to reimburse the Issuing Bank in full for the amount of any draw under a Letter of Creditdrawing, the Disbursing Agent shall promptly notify each Lender of the unreimbursed amount of such drawing and of such Lender's respective participation therein. Each Lender shall make available to the Disbursing Agent, for the account of the Issuing Bank, the its Pro Rata Share of such unreimbursed amount of its participation in immediately available funds not later than 1:00 P.M. Chicago 11:00 A.M. New York time on the next Business Day after such Lender receives notice from the Agent of the amount of such Lender's participation in such unreimbursed amountDay. If any Lender fails to make available to the Disbursing Agent the amount of such Lender's participation, the Issuing Bank shall be entitled to recover such amount on demand from such Lender together with interest at the Federal Funds Rate for the first three Business Days and thereafter at the Prime Lending Base Rate. For each Letter of Credit, the Disbursing Agent shall promptly distribute to each Lender which has funded the amount of its participation its Proportionate Pro Rata Share of all payments subsequently received by the Disbursing Agent from the Borrowers Borrower in reimbursement of honored drawings.

Payment by Lenders. If a Revolving Loan is not made in an amount ------------------ sufficient to reimburse the Issuing Bank in full for the amount of any draw under a Letter of Credit, the Agent shall promptly notify each Revolving Lender of the unreimbursed amount of such drawing and of such Revolving Lender's respective participation therein. Each Revolving Lender shall make available to the Agent, for the account of the Issuing Bank, the amount of its participation in immediately available funds not later than 1:00 P.M. Chicago time on the next Business Day after such Revolving Lender receives notice from the Agent of the amount of such Lender's participation in such unreimbursed amount. If any Revolving Lender fails to make available to the Agent the amount of such Revolving Lender's participation, the Issuing Bank Agent shall be entitled to recover such amount on demand from such Revolving Lender together with interest at the Federal Funds Rate for the first three Business Days and thereafter at the Prime Lending Rate. For each Letter of Credit, the Agent shall promptly distribute to each Lender which has funded the amount of its participation its Proportionate Pro Rata Share of all payments subsequently received by the Agent from the Borrowers Borrower in reimbursement of honored drawings.