Common use of Payment of Drafts Clause in Contracts

Payment of Drafts. At such time as a Letter of Credit ----------------- Issuer makes any payment on a draft presented or accepted under a Letter of Credit, the Company will on demand pay to such Letter of Credit Issuer in immediately available funds the amount of such payment. Unless the Company shall otherwise pay to the Letter of Credit Issuer the amount required by the foregoing sentence, any such amount paid prior to the Final Maturity Date shall be considered a loan under Section 2.1.1 and part of the Revolving Loan. So long as no Default shall exist or be created thereby, the addition of such amount to the Revolving Loan pursuant to the preceding sentence shall constitute payment for the purposes of this Section 2.4.6.

Payment of Drafts. At such time as a Letter of Credit ----------------- Issuer makes any payment on a draft presented or accepted under a Letter of Credit, the Company will on demand pay to such Letter of Credit Issuer in immediately available funds the amount of such payment. Unless the Company shall otherwise pay to the Letter of Credit Issuer the amount required by the foregoing sentence, any such amount paid prior to the Final Maturity Date shall be considered a loan under Section 2.1.1 and part of the Revolving Loan. So long as no Default shall exist or be created thereby, the addition of such amount to the Revolving Loan pursuant to the preceding sentence shall constitute payment for the purposes of this Section 2.4.62.3.6.

Payment of Drafts. At such time as a Letter of Credit ----------------- Issuer makes any payment on a draft presented or accepted under a Letter of Credit, the Company will on demand pay to such Letter of Credit Issuer in immediately available funds the amount of such payment. Unless the Company shall otherwise pay to the Letter of Credit Issuer the amount required by the foregoing sentence, any such amount paid prior to the Final Maturity Revolving Credit Termination Date shall be considered a loan under Section 2.1.1 and part of the Revolving LoanLoans. So long as no Default shall exist or be created thereby, the addition of such amount to the Revolving Loan Loans pursuant to the preceding sentence shall constitute payment for the purposes of this Section 2.4.6.

Payment of Drafts. At such time as a Letter of Credit ----------------- Issuer makes ----------------- any payment on a draft presented or accepted under a Letter of Credit, the Company will on demand pay to such Letter of Credit Issuer in immediately available funds the amount of such payment. Unless the Company shall otherwise pay to the Letter of Credit Issuer the amount required by the foregoing sentence, any such amount paid prior to the Final Maturity Date shall be considered a loan under Section 2.1.1 and part of the Revolving Loan. So long as no Default shall exist or be created thereby, the addition of such amount to the Revolving Loan pursuant to the preceding sentence shall constitute payment for the purposes of this Section 2.4.6.

Payment of Drafts. At such time as a Letter of Credit ----------------- Issuer makes any payment on a draft presented or accepted under a Letter of Credit, the Company will on demand pay to such Letter of Credit Issuer in immediately available funds the amount of such payment. Unless the Company shall otherwise pay to the Letter of Credit Issuer the amount required by the foregoing sentence, any such amount paid prior to the Final Maturity Date shall be considered a loan under Section 2.1.1 and part of the Revolving Loan. So long as no Default shall exist or be created thereby, the addition of such amount to the Revolving Loan pursuant to the preceding sentence shall constitute payment for the purposes of this Section 2.4.6.