Common use of Reimbursement by Borrower Clause in Contracts

Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse each LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by such LC Issuer upon any drawing under any

Appears in 2 contracts

Sources: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)

Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse each the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by such LC Issuer upon any drawing under any21

Appears in 1 contract

Sources: Credit Agreement (Gpu Inc /Pa/)

Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse each the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by such the LC Issuer upon any drawing under anyany Facility LC, without presentment, demand, protest or other formalities of any kind; provided that neither the Borrower nor any Lender shall hereby be precluded from asserting any claim for direct (but not

Appears in 1 contract

Sources: Credit Agreement (Penn Virginia Corp)

Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse each the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by such LC Issuer upon any drawing under anyPayment

Appears in 1 contract

Sources: Credit Agreement (C. H. Robinson Worldwide, Inc.)

Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse each the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by such the LC Issuer upon any drawing under anyany Letter of Credit, without presentment, demand, protest or other formalities of any kind; provided that neither the Borrower nor any Bank shall hereby be precluded from asserting any claim for direct (but not

Appears in 1 contract

Sources: Third Amended and Restated Credit Agreement (NVR Inc)

Reimbursement by Borrower. The Borrower shall be irrevocably ------------------------- and unconditionally obligated to reimburse each the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by such the LC Issuer upon any drawing under anyany Facility LC, without presentment, demand, protest or other formalities of any kind; provided that neither the Borrower nor any Lender shall hereby be precluded from asserting any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but

Appears in 1 contract

Sources: Credit Agreement (Transit Group Inc)

Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse each the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by such the LC Issuer upon any drawing under anyany Facility LC, without presentment, demand, protest or other formalities of any kind; provided that neither the Borrower nor any Lender shall hereby be precluded from

Appears in 1 contract

Sources: Credit Agreement (Centex Construction Products Inc)