Common use of Reimbursement Obligations of Lenders Clause in Contracts

Reimbursement Obligations of Lenders. (a) Each Lender 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 Lender’s Applicable Percentage to reimburse the Fronting Bank on demand for the amount of each draft paid by the Fronting Bank under each Fronted Letter of Credit, required to be funded by it, to the extent that such amount is not reimbursed by the Borrower pursuant to Section 2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender). (b) Each Lender 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 Lender’s Applicable Percentage, as the case may be, to fund each Several Letter of Credit (or, in the case of a Participating Lender, its Letter of Credit Participation owed to the Fronting Bank) on demand for the amount of each draft received by the LC Administrator, to the extent that such amount is not reimbursed by the Borrower pursuant to Section 2.2.5.

Reimbursement Obligations of Lenders. (a) Each Lender 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 Lender’s Applicable Commitment Percentage to reimburse the Fronting Bank on demand for the amount of each draft paid by the Fronting Bank under each Fronted Letter of Credit, required to be funded by it, to the extent that such amount is not reimbursed by the Borrower pursuant to Section §2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender). (b) Each Lender 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 Lender’s Applicable Commitment Percentage, as the case may be, to fund each Several Letter of Credit (or, in the case of a Participating Lender, its Letter of Credit Participation owed to the Fronting Bank) on demand for the amount of each draft received by the LC Administrator, to the extent that such amount is not reimbursed by the Borrower pursuant to Section §2.2.5.

Reimbursement Obligations of Lenders. (a) Each Tranche A Lender and each Tranche B Lender 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 Lender’s Applicable Tranche A Commitment Percentage or Tranche B Commitment Percentage, as the case may be, to reimburse the Fronting Bank on demand for the amount of each draft paid by the Fronting Bank under each Fronted Letter of Credit, required to be funded by it, to the extent that such amount is not reimbursed by the Borrower Mont Re pursuant to Section §2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender). (b) Each Tranche B Lender 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 Lender’s Applicable Percentage, as the case may be, Tranche B Commitment Percentage to fund each Several Letter of Credit (or, in the case of a Participating Lender, its Letter of Credit Participation owed to the Fronting Bank) on demand for the amount of each draft received by the LC Administrator, to the extent that such amount is not reimbursed by the Borrower Mont Re pursuant to Section §2.2.5.

Reimbursement Obligations of Lenders. (a) Each Lender 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 Lender’s Applicable Percentage 's Revolving Commitment Percentage, to reimburse the Fronting Issuing Bank on demand for the amount of each draft paid by the Fronting Issuing Bank under each Fronted Letter of Credit, required to be funded by it, Credit (to the extent that such amount is not reimbursed by the Borrower Company pursuant to Section 2.2.5 (S)5.2), together with the amounts required to be paid by each Lender pursuant to (S)5.3.1 (such agreement for of a Lender under this paragraph being called herein the “"Letter of Credit Participation” " of such Lender). (b) Each Lender 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 Lender’s Applicable 's Revolving Multicurrency Commitment Percentage, as to reimburse the case may be, to fund each Several Letter of Credit (or, in the case of a Participating Lender, its Letter of Credit Participation owed to the Fronting Bank) Foreign Issuing Bank on demand for the amount of each draft received paid by the LC Administrator, Foreign Issuing Bank under each Foreign Letter of Credit (to the extent that such amount is not reimbursed by the Borrower Samsonite Europe pursuant to Section 2.2.5(S)5.2) together with the amounts required to be paid by each Lender pursuant to (S)5.3.2 (such agreement of a Lender being called herein the "Foreign Letter of Credit Participation" of such Lender).

Reimbursement Obligations of Lenders. (a) Each Lender 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 Lender’s Applicable Commitment Percentage to reimburse the Fronting Bank on demand for the amount of each draft paid by the Fronting Bank under each Fronted Letter of Credit, required to be funded by it, to the extent that such amount is not reimbursed by the Borrower Mont Re pursuant to Section §2.2.5 (such agreement for a Lender being called herein the “Letter of Credit Participation” of such Lender). (b) Each Lender 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 Lender’s Applicable Percentage, as the case may be, Commitment Percentage to fund each Several Letter of Credit (or, in the case of a Participating Lender, its Letter of Credit Participation owed to the Fronting Bank) on demand for the amount of each draft received by the LC Administrator, to the extent that such amount is not reimbursed by the Borrower Mont Re pursuant to Section §2.2.5.