Common use of Payment by Lenders Clause in Contracts

Payment by Lenders. If Loans are not made in an amount ------------------ sufficient to reimburse the Issuing Bank in full for the amount of any draw, 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. New York City time on the next Business Day. 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, including any interest thereon. If an Issuing Bank receives any such payment, the Issuing Bank shall promptly pay the same to the Agent, and the Agent shall distribute such payment in accordance with the immediately preceding sentence.

Payment by Lenders. If To the extent that Revolving Loans are not made in an amount ------------------ sufficient to reimburse the Issuing Bank in full for the amount of any draw, 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, Agent for the account benefit of the Issuing Bank, the Bank an amount of its equal to such Lender's respective participation in immediately available funds funds, not later than 1:00 P.M. New York City Boston time on the next Business DayDay (under the laws of the jurisdiction of the Issuing Bank) after the date notified by the Agent. If In the event that any Lender fails to make available to the Agent the amount of such Lender's participationparticipation in such Letter of Credit as provided in this Section 3.6, 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 (3) Business Days while such amount remains unpaid and thereafter at the Prime Lending Base Rate. For each Letter of Credit, the The Agent shall promptly distribute to each other Lender which has funded paid all amounts payable by it under this Section 3.6 with respect to any Letter of Credit issued by the amount of its participation its Issuing Bank such other Lender's Proportionate Share of all payments subsequently received by the Agent from the Borrowers Borrower in reimbursement of drawings honored drawings, including any interest thereon. If an Issuing Bank receives any such payment, by the Issuing Bank shall promptly pay the same to the Agent, and the Agent shall distribute under such payment in accordance with the immediately preceding sentenceLetter of Credit when such payments are received.

Payment by Lenders. If Loans are In the event that the Borrower does not made in an amount ------------------ sufficient to reimburse the Issuing Bank in full for the amount of any drawdrawing pursuant to Section 4.5, the Agent shall promptly notify each Lender of the unreimbursed reimbursed amount of such drawing and of such Lender's respective participation therein. Each Lender shall make available to the AgentIssuing Bank an amount equal to its respective participation in same day funds, for at the account office of the Issuing BankBank specified in such notice, the amount of its participation in immediately available funds not later than 1:00 P.M. (New York City time time) on the next Business Daybusiness day (under the laws of the jurisdiction of the Issuing Bank) after the date notified by the Agent. If In the event that any Lender fails to make available to the Agent Issuing Bank the amount of such Lender's participationparticipation in such Letter of Credit as provided in this Section 4.6, 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 or the Agent Issuing Bank shall promptly distribute to each other Lender which has funded paid all amounts payable by it under this Section 4.6 with respect to any Letter of Credit issued by the amount of its participation its Issuing Bank such other Lender's Proportionate Share of all payments subsequently received by the Agent or the Issuing Bank from the Borrowers Borrower in reimbursement of drawings honored drawings, including any interest thereon. If an Issuing Bank receives any such payment, by the Issuing Bank shall promptly pay the same to the Agent, and the Agent shall distribute under such payment in accordance with the immediately preceding sentenceLetter of Credit when such payments are received.

Payment by Lenders. If Loans are In the event that the Borrowers do not made in an amount ------------------ sufficient to reimburse the Issuing Bank in full for the amount of any drawdrawing pursuant to Section 3.5, 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 AgentIssuing Bank an amount equal to its respective participation in same day funds, for at the account office of the Issuing Bank specified in such notice, not later than 1:00 p.m. (New York City time) on the first Business Day (under the laws of the jurisdiction of the Issuing Bank, ) after the amount of its participation in immediately available funds not later than 1:00 P.M. New York City time on date notified by the next Business DayAgent. If In the event that any Lender fails to make available to the Agent Issuing Bank the amount of such Lender's participationparticipation in such Letter of Credit as provided in this Section 3.6, 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 (3) Business Days and thereafter at the Prime Lending Rate. For each Letter of Credit, The Agent or the Agent Issuing Bank shall promptly distribute to each other Lender which has funded paid all amounts payable by it under this Section 3.6 with respect to any Letter of Credit issued by the amount of its participation its Issuing Bank such other Lender's Proportionate Share of all payments subsequently received by the Agent or the Issuing Bank from the Borrowers in reimbursement of drawings honored drawings, including any interest thereon. If an Issuing Bank receives any such payment, by the Issuing Bank shall promptly pay the same to the Agent, and the Agent shall distribute under such payment in accordance with the immediately preceding sentenceLetter of Credit when such payments are received.