Payment of Amounts Drawn Under Letters of Credit. (a) In the event of any request for a drawing under any Letter of Credit by the beneficiary thereof, the Agent shall notify Intermet and the Lenders on or before the date on which the Agent intends to honor such drawing, and Intermet shall reimburse the Agent on the day on which such drawing is honored in an amount, in same day funds, equal to the amount of such drawing.
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Samples: Credit Agreement (Intermet Corp), Subsidiary Guaranty Agreement (Intermet Corp)
Payment of Amounts Drawn Under Letters of Credit. (a) In the event of any request for a drawing under any Letter of Credit by the beneficiary thereof, the Agent shall notify Intermet Borrower and the Lenders on or before the date on which the Agent intends to honor such drawing, and Intermet Borrower shall reimburse the Agent on the day on which such drawing is honored in an amount, in same day funds, equal to the amount of such drawing.
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Payment of Amounts Drawn Under Letters of Credit. (a) In the event of any request for a drawing under any Letter of Credit by the beneficiary thereof, the Agent shall notify Intermet and the Lenders on or before the date on which the Agent intends to honor such drawing, and Intermet shall reimburse the Agent on the day on which such drawing is honored in an amount, in same day funds, equal to the amount of such drawing.on
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