Common use of Payment Obligation of Lenders Clause in Contracts

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Issuing Bank on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina time), then such Lender shall make such payment available to the Issuing Bank not later than 2:00 p.m. (Charlotte, North Carolina time) on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank not later than 1:00 p.m. (Charlotte, North Carolina time) on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank under this subsection, and the Issuing Bank’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrower, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h) or 6.01(i) or (iv) the termination of the Commitments. Each such payment to the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Administrative Agent, for the account of each Issuing Bank Bank, on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the such Issuing Bank under each Letter of Credit issued by it to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(dthe immediately preceding subsection (d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawingdrawing except as provided in Section 3.9.(d). If the notice referenced in the second sentence of Section 2.05(e2.3.(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina 12:00 noon Eastern time), then such Lender shall make such payment available to the Issuing Bank Administrative Agent not later than 2:00 3:00 p.m. (Charlotte, North Carolina time) Eastern time on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank Administrative Agent not later than 1:00 2:00 p.m. (Charlotte, North Carolina time) Eastern time on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank Administrative Agent under this subsection, and the Issuing BankAdministrative Agent’s right to receive the samesame for the account of the applicable Issuing Bank, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h10.1.(e) or 6.01(i(f) or (iv) the termination of the Commitments. Each such payment to the Administrative Agent for the account of the applicable Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Administrative Agent, for the account of the Issuing Bank Bank, on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(dthe immediately preceding subsection (d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.2.(e) is received by a Lender not later than 11:00 10:00 a.m. (Charlotte, North Carolina Eastern time), then such Lender shall make such payment available to the Issuing Bank Administrative Agent not later than 2:00 1:00 p.m. (Charlotte, North Carolina time) Eastern time on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank Administrative Agent not later than 1:00 12:00 p.m. (Charlotte, North Carolina time) Eastern time on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank Administrative Agent under this subsection, and the Issuing BankAdministrative Agent’s right to receive the samesame for the account of the Issuing Bank, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h10.1.(e) or 6.01(i(f) or (iv) the termination of the Commitments. Each such payment to the Administrative Agent for the account of the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the applicable Issuing Bank on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage of each drawing paid by the such Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina time), then such Lender shall make such payment available to the Issuing Bank not later than 2:00 p.m. (Charlotte, North Carolina time) on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank not later than 1:00 p.m. (Charlotte, North Carolina time) on the next succeeding Business Day. Each Lender’s obligation to make such payments to the applicable Issuing Bank under this subsection, and the such Issuing Bank’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrower, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h6.01(i) or 6.01(i6.01(j) or (iv) the termination of the Commitments. Each such payment to the applicable Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Administrative Agent for the account of the Issuing Bank Bank, on demand in immediately available funds in Dollars Dollars, the amount of such Lender’s pro rata percentage Pro Rata Share of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d)subsection (d) of this Section; provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Pro Rata Share of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.3.(e) is received by a Lender not later than 11:00 9:00 a.m. (Charlotte, North Carolina Eastern time), then such Lender shall make such payment available to the Issuing Bank Administrative Agent not later than 2:00 p.m. (Charlotte, North Carolina time) 12:00 noon Eastern time on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank Administrative Agent not later than 1:00 p.m. (Charlotte, North Carolina time) 11:00 a.m. Eastern time on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank Administrative Agent under this subsection, and the Issuing BankAdministrative Agent’s right to receive the samesame for the account of the Issuing Bank, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h10.1.(e) or 6.01(i(f) or (iv) the termination of the Commitments. Each such payment to the Administrative Agent for the account of the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Agent, for the account of the Issuing Bank Bank, on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d2.4(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.4(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina time)a.m., then such Lender shall make such payment available to the Issuing Bank not later than 2:00 p.m. (Charlotte, North Carolina time) on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank not later than 1:00 p.m. (Charlotte, North Carolina time) on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Agent, for the account of the Issuing Bank Bank, under this subsection, and the Issuing Bank’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h10.1(f) or 6.01(i10.1(g) or (iv) the termination of the Commitments. Each such payment to the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Issuing Bank L/C Issuer on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the Issuing Bank L/C Issuer under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d2.2(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such LenderXxxxxx’s pro rata percentage Commitment Percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.2(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina time)a.m., then such Lender shall make such payment available to the Issuing Bank L/C Issuer not later than 2:00 p.m. (Charlotte, North Carolina time) on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank L/C Issuer not later than 1:00 p.m. (Charlotte, North Carolina time) on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank L/C Issuer under this subsection, and the Issuing BankL/C Issuer’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrowerany Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h11.1(f) or 6.01(i11.1(g) or (iv) the termination of the Commitments. Each such payment to the Issuing Bank L/C Issuer shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Administrative Agent, for the account of the Issuing Bank Bank, on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(dthe immediately preceding subsection (d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.2.(e) is received by a Lender not later than 11:00 9:00 a.m. (Charlotte, North Carolina Pacific time), then such Lender shall make such payment available to the Issuing Bank Administrative Agent not later than 2:00 12:00 p.m. (Charlotte, North Carolina time) Pacific time on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank Administrative Agent not later than 1:00 p.m. (Charlotte, North Carolina time) 11:00 a.m. Pacific time on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank Administrative Agent under this subsection, and the Issuing BankAdministrative Agent’s right to receive the samesame for the account of the Issuing Bank, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h10.1.(e) or 6.01(i(f) or (iv) the termination of the Commitments. Each such payment to the Administrative Agent for the account of the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Issuing Bank on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower Borrowers pursuant to Section 2.05(d2.2.(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.2.(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina time)a.m., then such Lender shall make such payment available to the Issuing Bank not later than 2:00 p.m. (Charlotte, North Carolina time) on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank not later than 1:00 p.m. (Charlotte, North Carolina time) on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank under this subsection, and the Issuing Bank’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerMG Borrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h11.1.(h) or 6.01(i11.1.(i) or (iv) the termination of the Commitments. Each such payment to the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Issuing Bank on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina time), then such Lender shall make such payment available to the Issuing Bank not later than 2:00 p.m. (Charlotte, North Carolina time) on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank not later than 1:00 p.m. (Charlotte, North Carolina time) on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank under this subsection, and the Issuing Bank’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrower, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h) or 6.01(i) or (iv) the termination of the Commitments. Each such payment to the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank Bank, on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the such Issuing Bank under each Letter of Credit issued by such Issuing Bank to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(dthe immediately preceding subsection (d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawingdrawing except as otherwise provided in Section 3.9.(d). If the notice referenced in the second sentence of Section 2.05(ethe immediately preceding subsection (e) is received by a Lender not later than 11:00 9:00 a.m. (Charlotte, North Carolina Pacific time), then such Lender shall make such payment available to the Issuing Bank Administrative Agent not later than 2:00 12:00 p.m. (Charlotte, North Carolina time) Pacific time on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank Administrative Agent not later than 1:00 p.m. (Charlotte, North Carolina time) 11:00 a.m. Pacific time on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank Administrative Agent under this subsection, and the Issuing BankAdministrative Agent’s right to receive the samesame for the account of the applicable Issuing Bank, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h11.1.(f) or 6.01(i) or (g), (iv) the termination of the CommitmentsCommitments or (v) the delivery of Cash Collateral in respect of any Extended Letter of Credit. Each such payment to the Administrative Agent for the account of an Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Issuing Bank L/C Issuer on demand in immediately available funds in Dollars the amount of such Lender’s pro rata percentage Commitment Percentage of each drawing paid by the Issuing Bank L/C Issuer under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d2.2(d); provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage Commitment Percentage of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.2(e) is received by a Lender not later than 11:00 a.m. (Charlotte, North Carolina time)a.m., then such Lender shall make such payment available to the Issuing Bank L/C Issuer not later than 2:00 p.m. (Charlotte, North Carolina time) on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank L/C Issuer not later than 1:00 p.m. (Charlotte, North Carolina time) on the next succeeding Business Day. Each Lender’s obligation to make such payments to the Issuing Bank L/C Issuer under this subsection, and the Issuing BankL/C Issuer’s right to receive the same, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the Borrowerany Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h11.1(f) or 6.01(i11.1(g) or (iv) the termination of the Commitments. Each such payment to the Issuing Bank L/C Issuer shall be made without any offset, abatement, withholding or deduction whatsoever.

Payment Obligation of Lenders. Each Lender severally agrees to pay to the Administrative Agent for the account of the Issuing Bank Bank, on demand in immediately available funds in Dollars Dollars, the amount of such Lender’s pro rata percentage 's Pro Rata Share of each drawing paid by the Issuing Bank under each Letter of Credit to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.05(d)subsection (d) of this Section; provided, however, that in respect of any drawing under any Letter of Credit, the maximum amount that any Lender shall be required to fund, whether as a Revolving Loan or as a participation, shall not exceed such Lender’s pro rata percentage 's Pro Rata Share of such drawing. If the notice referenced in the second sentence of Section 2.05(e2.3.(e) is received by a Lender not later than 11:00 9:00 a.m. (Charlotte, North Carolina Eastern time), then such Lender shall make such payment available to the Issuing Bank Administrative Agent not later than 2:00 p.m. (Charlotte, North Carolina time) 12:00 noon Eastern time on the date of demand therefor; otherwise, such payment shall be made available to the Issuing Bank Administrative Agent not later than 1:00 p.m. (Charlotte, North Carolina time) 11:00 a.m. Eastern time on the next succeeding Business Day. Each Lender’s 's obligation to make such payments to the Issuing Bank Administrative Agent under this subsection, and the Issuing Bank’s Administrative Agent's right to receive the samesame for the account of the Issuing Bank, shall be absolute, irrevocable and unconditional and shall not be affected in any way by any circumstance whatsoever, including without limitation, (i) the failure of any other Lender to make its payment under this subsection, (ii) the financial condition of the BorrowerBorrower or any other Loan Party, (iii) the existence of any Default or Event of Default, including any Event of Default described in Section 6.01(h10.1.(e) or 6.01(i(f) or (iv) the termination of the Commitments. Each such payment to the Administrative Agent for the account of the Issuing Bank shall be made without any offset, abatement, withholding or deduction whatsoever.