Payment of Amounts Drawn Under Letters of Credit; Obligation of Reimbursement. The Borrower acknowledges that the Lender, as co-applicant and guarantor on the Letters of Credit, will be liable to the Issuer for reimbursement of any and all draws under Letters of Credit and for all other amounts required to be paid under the applicable L/C Application. Accordingly, the Borrower agrees to pay to the Lender any and all amounts required to be paid under the applicable L/C Application, when and as required to be paid thereby, and the amounts designated below, when and as designated:
Appears in 1 contract
Samples: Credit and Security Agreement (Educational Insights Inc)
Payment of Amounts Drawn Under Letters of Credit; Obligation of Reimbursement. The Borrower acknowledges that the Lender, as co-applicant and guarantor on the Letters of Credit, will be liable to the Issuer for reimbursement of any and all draws under Letters of Credit and for all other amounts required to be paid under the applicable L/C Application. Accordingly, the Borrower agrees to pay to the Lender any and all amounts required to be paid under the applicable L/C Application, when and as required to be paid thereby, and the amounts designated below, when and as designated:
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Brauns Fashions Corp)
Payment of Amounts Drawn Under Letters of Credit; Obligation of Reimbursement. The Borrower acknowledges Borrowers acknowledge that the Lender, as co-applicant and guarantor on the Letters of Creditapplicant, will be liable to the Issuer for reimbursement of any and all draws under Letters of Credit and for all other amounts required to be paid under the applicable L/C Application. Accordingly, the Borrower agrees Borrowers agree to pay to the Lender any and all amounts required to be paid under the applicable L/C Application, when and as required to be paid thereby, and and, to the extent not included in the foregoing, the amounts designated below, when and as designated:
Appears in 1 contract
Samples: Credit and Security Agreement (Luminant Worldwide Corp)
Payment of Amounts Drawn Under Letters of Credit; Obligation of Reimbursement. The Each Borrower acknowledges that the Lender, as co-applicant and guarantor on the Letters of Creditapplicant, will be liable to the Issuer for reimbursement of any and all draws under Letters of Credit and for all other amounts required to be paid under the applicable L/C Application. Accordingly, the such Borrower agrees to pay to the Lender any and all amounts required to be paid under the applicable L/C Application, when and as required to be paid thereby, and the amounts designated below, when and as designated:
Appears in 1 contract
Samples: Credit and Security Agreement (Pemco Aviation Group Inc)
Payment of Amounts Drawn Under Letters of Credit; Obligation of Reimbursement. The Borrower acknowledges that the Lender, as co-applicant and guarantor on the Letters of Creditapplicant, will be liable to the Issuer for reimbursement of any and all draws under Letters of Credit and for all other amounts required to be paid under the applicable L/C Application. Accordingly, the Borrower agrees to pay to the Lender any and all amounts reasonably required to be paid by the Lender to the Issuer under the applicable L/C Application, when and as required to be paid thereby, and the amounts designated below, when and as designated:
Appears in 1 contract