Common use of Reimbursement Obligation of Borrower Clause in Contracts

Reimbursement Obligation of Borrower. Borrower hereby agrees to reimburse Agent: (i) on each date on which a draft is presented for payment on the Letters of Credit (x) the amount of the draft paid by the Agent under the Letters of Credit and (y) the amount of any taxes (other than income taxes), fees, charges or other costs or expenses whatsoever incurred by Agent under, or with respect to the Letters of Credit; and (ii) upon the acceleration of the Loans in accordance with Section 8.2. hereof, an amount equal to the Reimbursement Obligation. Payments of the Reimbursement Obligation shall be made by Lenders making a Revolving Advance of the Revolving Loan. All amounts remaining unpaid by Borrower under this Section 2A.2. shall bear interest from the date such amounts become payable (whether as stated, by acceleration or otherwise) until payment in full, at the Default Rate, and such interest shall be payable by Borrower to Agent on each Business Day.

Reimbursement Obligation of Borrower. Borrower hereby agrees to reimburse Agent: (i) on each date on which a draft is presented for payment on the Letters of Credit (x) the amount of the draft paid by the Agent under the Letters of Credit and (y) the amount of any taxes (other than income taxes), fees, charges or other costs or expenses whatsoever incurred by Agent under, or with respect to the Letters of Credit; and (ii) upon the acceleration of the Loans in accordance with Section 8.212.2. hereof, an amount equal to the Reimbursement Obligation. Payments of the Reimbursement Obligation shall be made by Lenders making a Revolving Advance of the Revolving Loan, and this Revolving Advance will be made notwithstanding Section 13.5 or any other provision of this Agreement to the contrary. All amounts remaining unpaid by Borrower under this Section 2A.23.2. shall bear interest from the date such amounts become payable (whether as stated, by acceleration or otherwise) until payment in full, at the Default Rate, and such interest shall be payable by Borrower to Agent on each Domestic Business Day.