Common use of Payment of Reimbursement Obligations Clause in Contracts

Payment of Reimbursement Obligations. (i) The Borrower unconditionally agrees to pay to the Lender, in dollars, the amount of all Reimbursement Obligations, interest and other amounts payable to the Lender 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 the Lender or any other Person.

Payment of Reimbursement Obligations. Subject to the terms hereof, (i) The the Borrower for whose account a Letter of Credit is Issued unconditionally agrees to pay to the Lendereach Issuing Bank, in dollarsDollars, the amount of all Reimbursement Obligations, interest and other amounts payable to the Lender such Issuing Bank under or in connection with the Letters such Letter of Credit when such amounts are due and payable, irrespective of any claim, setoff, defense or other right which the such Borrower may have at any time against the Lender any Issuing Bank or any other Person.