Common use of Payments; Reimbursement Obligations Clause in Contracts

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. (New York City time) on any date, on the next succeeding Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable Issuing Bank shall notify the Administrative Servicing Agent and the Administrative Servicing Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the such Issuing Bank (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the such Issuing Bank for any amounts paid by the such Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than Borrower on the date of receipt by it of notice from the applicable Issuing Bank of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. 1:00 P.M. (New York City time) on any date, on the next succeeding Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “"Payment Date”"). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable Issuing Bank Lender shall promptly notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the applicable Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the applicable Issuing Bank Lender for any amounts paid by the such Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement Reimbursement Obligation shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. 11:00 a.m. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement Reimbursement Obligation is not made paid by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full or converted to Base Rate Loans pursuant to clause (ii) below, at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind, which reimbursement may be made through the borrowing of a Base Rate Loan as set forth in Section 2.12(d)(ii). Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall promptly notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Revolving Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement Reimbursement Obligation shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 11:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement Reimbursement Obligation is not made paid by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full or converted to Base Rate Revolving Loans pursuant to clause (ii) below, at a rate per annum equal to the rate applicable to Base Rate Revolving Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”"PAYMENT DATE"). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due in accordance with this clause (i) or clause (ii) below on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 11:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Subject to subsection (d)(vi) below, the Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than on the date of receipt by it of notice from the Issuing Lender of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. 1:00 P.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender, through the Administrative Agent, for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “"Payment Date”"). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. 1:00 P.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 9:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. a.m. (New York City time) on any date, on the next succeeding Business Day); and provided provided, further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i‎(i) or clause (ii‎(ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender with a participation in the related Letter of Credit as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 11:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Subject to subsection (d)(vi) below, the Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than on the date of receipt by it of notice from the Issuing Bank of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. 1:00 P.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank as to the amount and the currency to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “"Payment Date”"). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of CreditCredit (a "Reimbursement Obligation"), without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due (x) in the case of a Letter of Credit denominated in Dollars, on the Payment Date, and (y) in the case of a Letter of Credit denominated in an Alternative Currency, on the third Euro-Currency Business Day following the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on (x) the next succeeding Domestic Business DayDay in the case of Letters of Credit denominated in Dollars and (y) the third succeeding Euro-Currency Business Day in the case of Letters of Credit denominated in an Alternative Currency) (the date so determined with respect to any Reimbursement Obligation, the "Reimbursement Date"); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to (x) the rate applicable to Base Rate Loans in case of Letters of Credit denominated in Dollars and (y) the sum of the Euro-Currency Margin plus the Overnight LIBO Rate in case of Letter of Credit denominated in an Alternative Currency plus, in the case of amounts in any currency not paid when due, 2.00%. All payments in respect of the principal amount of the Reimbursement Obligation of the Borrower with respect of any Letter of Credit and interest thereon shall be made in the same currency as the related Letter of Credit was denominated, and shall be made in the funds specified in Section 2.13 for payments in such daycurrency.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank as to the amount and the currency to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”"PAYMENT DATE"). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of CreditCredit (a "REIMBURSEMENT OBLIGATION"), without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due (x) in the case of a Letter of Credit denominated in Dollars, on the Payment Date, and (y) in the case of a Letter of Credit denominated in an Alternative Currency, on the third Euro-Currency Business Day following the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. (New York City time) on any date, on (x) the next succeeding Domestic Business DayDay in the case of Letters of Credit denominated in Dollars and (y) the third succeeding Euro-Currency Business Day in the case of Letters of Credit denominated in an Alternative Currency) (the date so determined with respect to any Reimbursement Obligation, the "REIMBURSEMENT DATE"); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to (x) the rate applicable to Base Rate Loans in case of Letters of Credit denominated in Dollars and (y) the sum of the Euro-Currency Margin plus the Overnight LIBO Rate in case of Letter of Credit denominated in an Alternative Currency plus, in the case of amounts in any currency not paid when due, 2.00%. All payments in respect of the principal amount of the Reimbursement Obligation of the Borrower with respect of any Letter of Credit and interest thereon shall be made in the same currency as the related Letter of Credit was denominated, and shall be made in the funds specified in Section 2.13 for payments in such daycurrency.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Servicing Agent and the Administrative Servicing Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than Borrower on the date of receipt by it of notice from the Issuing Bank of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. 1:00 P.M. (New York City time) on any date, on the next succeeding Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”"PAYMENT DATE"). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 9:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank Lender (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank Lender for any amounts paid by the Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 11:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided provided, further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. a.m. (New York City time) on any date, on the next succeeding Business Day); and provided provided, further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i‎(i) or clause (ii‎(ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”). The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company Borrower any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 9:00 A.M. (New York City time) on any date, on the next succeeding Domestic Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable Issuing Bank Lender shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank Lender as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the applicable Issuing Bank Lender (the “Payment Date”). The Company shall be irrevocably and unconditionally obligated to reimburse the applicable Issuing Bank Lender for any amounts paid by the such Issuing Bank Lender upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than Domestic Business Day following the date of receipt by it the Company of notice of its obligation to make such payment (or, if such notice is received by the Company after it prior to 10:00 A.M. a.m. (New York City time) on any such date, or on the next succeeding second Domestic Business Day)Day following such date if such notice is received after 10:00 a.m. (New York City time) on such date; and provided further that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuing Bank shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Company and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the Issuing Bank (the “Payment Date”"PAYMENT DATE"). The Company shall be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any amounts paid by the Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided PROVIDED that no such payment shall be due from the Company any earlier than the date of receipt by it of notice of its obligation to make such payment (or, if such notice is received by the Company after 10:00 A.M. (New York City time) on any date, on the next succeeding Business Day); and provided further PROVIDED FURTHER that if and to the extent any such reimbursement is not made by the Company in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the Company), such Reimbursement Obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.

Payments; Reimbursement Obligations. (i) Upon receipt from the beneficiary of The Issuing Bank for any Letter of Credit shall, within the time allowed by applicable laws or the specific terms of any notice the Letter of Credit following its receipt thereof, examine all documents purporting to represent a drawing demand for payment under such Letter of Credit, the . Such Issuing Bank shall promptly after such examination notify the Administrative Servicing Agent and the Administrative Servicing Agent shall promptly notify the Company Borrower and each other Bank as to the amount to be paid as a result of such demand or drawing and the date such payment is to be made by the such Issuing Bank (the “Payment Date”); provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the other Banks with respect to any such L/C disbursement. The Company Borrower shall be irrevocably and unconditionally obligated to reimburse the such Issuing Bank for any amounts paid by the such Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind. Such reimbursement shall be due on the Payment Date; provided that no such payment shall be due from the Company any earlier than Borrower on the date of receipt by it of notice from the applicable Issuing Bank of its obligation to make such payment (or, if such notice is received by the Company Borrower after 10:00 A.M. 1:00 P.M. (New York City time) on any date, on the next succeeding Business Day); and provided further that if and to the extent any such reimbursement is not made by the Company Borrower in accordance with this clause (i) or clause (ii) below on the Payment Date, then (irrespective of when notice thereof is received by the CompanyBorrower), such Reimbursement Obligation reimbursement obligation shall bear interest, payable on demand, for each day from and including the Payment Date to but not including the date such Reimbursement Obligation reimbursement obligation is paid in full at a rate per annum equal to the rate applicable to Base Rate Loans for such day.