Reimbursement and Participations. (a) Reimbursement by the Company. Each Matured LC Obligation shall ---------------------------- constitute a loan by LC Issuer to the Company. The Company promises to pay to LC Issuer, or to LC Issuer's order, on demand, the full amount of each Matured LC Obligation, unless funded under Section 2.11(b) hereof, together with interest thereon at the Post-Default Rate.
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Reimbursement and Participations. (a) Reimbursement by the CompanyBorrower. Each Matured LC Obligation shall ---------------------------- ------------------------- constitute a loan by LC Issuer to the CompanyBorrower. The Company Borrower promises to pay to LC Issuer, or to LC Issuer's order, on demand, the full amount of each Matured LC Obligation, unless funded under Section 2.11(b) hereof, together with interest thereon (i) at the Post-Base Rate to and including the second Business Day after the Matured LC Obligation is incurred and (ii) at the Default RateRate on each day thereafter.
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Reimbursement and Participations. (a) Reimbursement by the CompanyBorrower. Each Matured LC Obligation shall ---------------------------- constitute ------------------------- a loan by LC Issuer to the CompanyBorrower. The Company Borrower promises to pay to LC Issuer, or to LC Issuer's order, on demand, the full amount of each Matured LC Obligation, unless funded under Section 2.11(b) hereof, together with interest thereon (i) at the Post-Base Rate to and including the second Business Day after the Matured LC Obligation is incurred and (ii) at the Default RateRate on each day thereafter.
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Reimbursement and Participations. (a) Reimbursement by the CompanyBorrower. Each Matured LC Obligation shall ---------------------------- ------------------------- constitute a loan by LC Issuer to the CompanyBorrower. The Company Borrower promises to pay to LC Issuer, or to LC Issuer's order, on demand, the full amount of each Matured LC Obligation, unless funded under Section 2.11(b) hereof, together with interest thereon at the Post-Default RateRate applicable to Base Rate Loans.
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Reimbursement and Participations. (a) Reimbursement by the Company. Each Matured LC Obligation shall ---------------------------- constitute a loan by LC Issuer to the Company. The Company promises to pay to LC Issuer, or to LC Issuer's order, on demand, the full amount of each Matured LC Obligation, unless funded under Section 2.11(b) hereof, together with interest thereon at the Post-Default Rate.
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Reimbursement and Participations. (a) Reimbursement by the CompanyBorrower. Each Matured LC Obligation shall ---------------------------- constitute ------------------------- a loan by LC Issuer to the CompanyBorrower. The Company Borrower promises to pay to LC Issuer, or to LC Issuer's order, on demand, the full amount of each Matured LC Obligation, unless funded under Section 2.11(b) hereof, together with interest thereon at the Post-Default RateRate applicable to Base Rate Loans.
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