Common use of Payment to Issuer Clause in Contracts

Payment to Issuer. Notwithstanding any provisions to the contrary in any Reimbursement Agreement, the Borrower agrees to reimburse NationsBank for any drawings (whether partial or full) under each Letter of Credit issued by NationsBank and agrees to pay to NationsBank the amount of all other Reimbursement Obligations and other amounts payable to NationsBank under or in connection with such Letter of Credit immediately when due, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against NationsBank or any other Person.

Payment to Issuer. Notwithstanding any provisions to the contrary in any Reimbursement Agreementreimbursement agreement, the Borrower agrees Borrowers jointly and severally agree to reimburse NationsBank for any drawings (whether partial or full) under each Letter of Credit issued by NationsBank and agrees to pay to NationsBank the amount of all other Reimbursement Obligations reimbursement obligations and other amounts payable to NationsBank under or in connection with such each Letter of Credit immediately when due, irrespective of any claim, set-off, defense or other right which the any Borrower may have at any time against NationsBank or any other Person.

Payment to Issuer. Notwithstanding any provisions to the contrary in any Reimbursement Agreementreimbursement agreement, the Borrower agrees to reimburse NationsBank for any drawings (whether partial or full) under each the Standby Letter of Credit issued by NationsBank and agrees to pay to NationsBank the amount of all other Reimbursement Obligations reimbursement obligations and other amounts payable to NationsBank under or in connection with such the Standby Letter of Credit immediately when due, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against NationsBank or any other Person.