Common use of Payment of Reimbursement Obligations Clause in Contracts

Payment of Reimbursement Obligations. (i) The Borrower unconditionally agrees to pay, or cause the Guarantor or Borrower's Subsidiary for whose account a Letter of Credit is issued 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, such Guarantor or such Subsidiary of the Borrower may have at any time against any Issuing Bank or any other Person. (ii) In the event any payment by the Borrower, such Guarantor, or such Subsidiary received by an Issuing Bank with respect to a Letter of Credit and distributed by the Collateral Agent to the Revolving Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receiver-ship, liquida-tion or bankruptcy proceeding, each such Lender which received such distribution shall, upon demand by such Issu-ing Bank, contribute such Lender's Revolving Credit 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, or cause Leasing Affiliate or the Guarantor or Borrower's Subsidiary for whose account a Letter of Credit is issued issued, as applicable, 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, such Guarantor Leasing Affiliate, or such Subsidiary of the Borrower may have at any time against any Issuing Bank or any other Person. (ii) In the event any payment by the Borrower, such GuarantorLeasing Affiliate, or such Subsidiary received by an Issuing Bank with respect to a Letter of Credit and distributed by the Collateral Agent to the Revolving Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receiver-shipreceivership, liquida-tion liquidation or bankruptcy proceeding, each such Revolving Lender which received such distribution shall, upon demand by such Issu-ing Issuing Bank, contribute such Revolving Lender's Revolving Credit Loan Pro Rata Share of the amount set aside, avoided or recovered together with interest at the rate required required, if any, 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 Borrowers unconditionally, jointly and severally, agree to pay, or cause the Guarantor or Borrower's Borrowers' Subsidiary for whose account a Letter of Credit is issued 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 BorrowerBorrowers, such Guarantor or such Subsidiary of the Borrower Borrowers may have at any time against any Issuing Bank or any other Person. (ii) In the event any payment by the BorrowerBorrowers, such Guarantor, or such Subsidiary received by an Issuing Bank with respect to a Letter of Credit and distributed by the Collateral Agent to the Revolving Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receiver-shipreceivership, liquida-tion liquidation or bankruptcy proceeding, each such Lender which received such distribution shall, upon demand by such Issu-ing Issuing Bank, contribute such Lender's Revolving Credit 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 and RMOP each unconditionally agrees to pay, or cause the Guarantor or Borrower's Subsidiary for whose account a Letter of Credit is issued to pay, 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, such Guarantor Borrower or such Subsidiary of the Borrower RMOP may have at any time against any Issuing Bank or any other Person; provided that RMOP shall not be liable for any Reimbursement Obligations, interest and other amounts payable to such Issuing Bank under or in connection with the Letters of Credit other than those in respect of Letters of Credit issued for its account. (ii) In the event any payment by the Borrower, such Guarantor, Borrower or such Subsidiary RMOP received by an Issuing Bank with respect to a Letter of Credit and distributed by the Collateral Administrative Agent to the Revolving Lenders on account of their participations is thereafter set aside, avoided or recovered from such Issuing Bank in connection with any receiver-shipreceivership, liquida-tion liquidation or bankruptcy proceeding, each such Lender which received such distribution shall, upon demand by such Issu-ing Issuing Bank, contribute such Lender's Revolving Credit 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.