PAYMENT OF INTEREST AND OBLIGATIONS. Upon the occurrence of any interest, fee or other payment Obligation of a Borrower hereunder becoming due without payment, such Borrower shall be deemed to have made a Deemed Credit Request for a Revolving Credit Borrowing comprised of Alternate Base Rate Loans in an amount equal to the amount necessary to pay such interest, fee or payment Obligation. Each Bank acknowledges and agrees that its obligation to participate in and make Loans comprising a Borrowing pursuant to a Deemed Credit Request is absolute and unconditional and shall not be affected by any event or circumstance whatsoever, including the occurrence of any Potential Default or Event of Default hereunder or the failure of any condition precedent set forth in Section 3 of this Agreement to be satisfied at the time of the making of such Deemed Credit Request, and each Loan made by a Bank in satisfaction of its obligation shall be made without any offset, abatement, withholding or reduction whatsoever.
PAYMENT OF INTEREST AND OBLIGATIONS. Unless payment is otherwise made by the Borrower, upon any such interest or fee hereunder becoming due without payment by the Borrower, the Borrower shall be deemed to have made a request for an Alternate Base Rate Borrowing in an amount equal to the amount necessary to pay such interest or fee. Each Bank acknowledges and agrees that its obligation to participate in and make Loans comprising a Borrowing pursuant to a Deemed Credit Request is absolute and unconditional and shall not be affected by any event or circumstance whatsoever, including the occurrence of any Potential Default or Event of Default hereunder or the failure of any condition precedent set forth in Section 0 of this Agreement to be satisfied at the time of the making of such Deemed Credit Request, and each Loan made by a Bank in satisfaction of its obligation shall be made without any offset, abatement, withholding or reduction whatsoever.
PAYMENT OF INTEREST AND OBLIGATIONS. Unless payment is otherwise made by the Borrowers, upon any such interest or fee hereunder becoming due without payment by the Borrowers, the Borrowers shall be deemed to have made a request for either (A) an Alternate Base Rate Borrowing, in the case of amounts due in Dollars or (B) a LIBOR Borrowing, in the case of amounts due in an Alternate Currency, in an amount equal to the amount necessary to pay such interest or fee.
PAYMENT OF INTEREST AND OBLIGATIONS. Unless payment is otherwise made by the Borrower, upon any interest, fee or other payment obligation hereunder becoming due without payment by the Borrower, the Borrower shall be deemed to have made a request for a Prime Rate Borrowing in an amount equal to the amount necessary to pay such unpaid interest, fee or other payment obligation.
