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
Samples: 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
Samples: Assignment 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 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
Samples: 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
Appears in 1 contract
Samples: Credit Agreement (Centex Construction Products 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 anyPayment
Appears in 1 contract
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
