Common use of Payment of Reimbursement Obligations Clause in Contracts

Payment of Reimbursement Obligations. (i) The Borrower unconditionally agrees to pay to each Issuing Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person. (ii) In the event any payment by the Borrower received by an Issuing Bank with respect to a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receivership, liquidation or bankruptcy proceeding, each Lender which received such distribution shall, upon demand by such Issuing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. ================================================================== -50- (ia) The Borrower unconditionally agrees to pay to each the relevant Issuing Bank, in Dollars, Bank the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank Banks under or in connection with the Letters any Letter of Credit issued on behalf of the Borrower immediately when such amounts are due and payabledue, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person. (iib) In the event any payment by the Borrower received by an Issuing Bank with respect to a any Letter of Credit issued by it and distributed by the Administrative Agent to the Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receivership, liquidation or bankruptcy proceedingproceeding or otherwise, each Lender which received such distribution shall, upon demand by such Issuing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. (i) The Borrower ------------------------------------ unconditionally agrees to pay to each the Issuing Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other reasonable amounts payable to such the Issuing Bank under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any the Issuing Bank or any other Person. (ii) In the event any payment by the Borrower received by an the Issuing Bank with respect to a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations participation is thereafter set aside, avoided or recovered from such the Issuing Bank in connection with any receivership, liquidation or bankruptcy proceeding, each such Lender which received such distribution shall, upon demand by such the Issuing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such the Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. (i) The Borrower unconditionally agrees to pay to each the Issuing Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other reasonable amounts payable to such the Issuing Bank under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any the Issuing Bank or any other Person. (ii) In the event any payment by the Borrower received by an the Issuing Bank with respect to a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations participation is thereafter set aside, avoided or recovered from such the Issuing Bank in connection with any receivership, liquidation or bankruptcy proceeding, each such Lender which received such distribution shall, upon demand by such the Issuing Bank, contribute such Lender's ’s Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such the Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. (i) The Borrower unconditionally agrees to pay to each the Issuing Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other reasonable amounts payable to such the Issuing Bank under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any the Issuing Bank or any other Person. (ii) In the event any payment by the Borrower received by an the Issuing Bank with respect to a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations participation is thereafter set aside, avoided or recovered from such the Issuing Bank in connection with any receivership, liquidation or bankruptcy proceeding, each such Lender which received such distribution shall, upon demand by such the Issuing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such the Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. (i) The Borrower ------------------------------------ unconditionally agrees to pay to each Issuing Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person. (ii) In the event any payment by the Borrower received by an Issuing Bank with respect to a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receivership, liquidation or bankruptcy proceeding, each Lender which received such distribution shall, upon demand by such Issuing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. (i) The Borrower unconditionally agrees to pay to each the Issuing Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such the Issuing Bank under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any the Issuing Bank or any other Person. (ii) In the event any payment by the Borrower received by an the Issuing Bank with respect to a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations participation is thereafter set aside, avoided or recovered from such the Issuing Bank in connection with any receivershipreceiver ship, liquidation or bankruptcy proceeding, each such Lender which received such distribution shall, upon demand by such Issuing the Issu ing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such the Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. (ia) The Borrower unconditionally agrees to pay to each the relevant Issuing Bank, in Dollars, Bank the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank Banks under or in connection with the Letters any Letter of Credit issued on behalf of the Borrower immediately when such amounts are due and payabledue, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person. (iib) In the event any payment by the Borrower received by an Issuing Bank with respect to a any Letter of Credit issued by it and distributed by the Administrative Agent to the Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receivership, liquidation or bankruptcy proceedingproceeding or otherwise, each Lender which received such distribution shall, upon demand by such Issuing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such Issuing Bank upon the amount required to be repaid by it.

Payment of Reimbursement Obligations. (i) The Borrower ------------------------------------- unconditionally agrees to pay to each Issuing Bank, in Dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with the Letters of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person. (ii) In the event any payment by the Borrower received by an Issuing Bank with respect to a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receivership, liquidation or bankruptcy proceeding, each Lender which received such distribution shall, upon demand by such Issuing Bank, contribute such Lender's Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required to be paid by such Issuing Bank upon the amount required to be repaid by it.