Common use of REIMBURSEMENT OBLIGATIONS OF BANKS Clause in Contracts

REIMBURSEMENT OBLIGATIONS OF BANKS. Each Bank severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Bank's Commitment Percentage, to reimburse the Agent on demand for the amount of each draft paid by the Agent (as calculated pursuant to ss.

REIMBURSEMENT OBLIGATIONS OF BANKS. Each Bank severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Bank's Commitment Percentage, to reimburse the Agent on demand for the amount of each draft paid by the Agent (as calculated under each Letter of Credit to the extent that such amount is not reimbursed by the Company pursuant to ss5.2 (such agreement for a Bank being called herein the "Letter of Credit Participation" of such Bank).

REIMBURSEMENT OBLIGATIONS OF BANKS. Each Bank severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Bank's Commitment Percentage, to reimburse the Agent on demand for the amount of each draft paid by the Agent (as calculated under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to ssss 4.2 (such agreement for a Bank being called herein the "Letter of Credit Participation" of such Bank).

REIMBURSEMENT OBLIGATIONS OF BANKS. Each Bank severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Bank's Commitment Percentage, to reimburse the Agent on demand for the amount of each draft paid by the Agent (as calculated pursuant to ss.under each Letter of

REIMBURSEMENT OBLIGATIONS OF BANKS. Each Bank ---------------------------------- severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Bank's Commitment Percentage, to reimburse the Agent Issuing Bank on demand for the amount of each draft paid by the Agent (as calculated Issuing Bank under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to ss.

REIMBURSEMENT OBLIGATIONS OF BANKS. Each Bank severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Bank's Commitment Percentage, to reimburse the Agent on demand for the amount of each draft paid by the Agent (as calculated under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to ss(S)4.2 hereof (such agreement for a Bank being called herein the "Letter of Credit Participation" of such Bank).

REIMBURSEMENT OBLIGATIONS OF BANKS. Each Bank severally agrees that it shall be absolutely liable, without regard to the occurrence of any Default or Event of Default or any other condition precedent whatsoever, to the extent of such Bank's Commitment Percentage, to reimburse the Agent on demand for the amount of each draft paid by the Agent (as calculated under each Letter of Credit to the extent that such amount is not reimbursed by the Borrower pursuant to ssss.3A.2 (such agreement for a Bank being called herein the "Letter of Credit Participation" of such Bank).