Common use of Reimbursement Obligations of the Borrower Clause in Contracts

Reimbursement Obligations of the Borrower. (a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing or demand for payment under such Letter of Credit, the applicable Issuing Lender shall promptly notify the Borrower and the Administrative Agent thereof. If the Borrower receives notice (confirmed by telephone) from an Issuing Lender of a drawing or demand for payment under a Letter of Credit prior to 12:00 p.m. (New York City time), on any Business Day, the Borrower shall reimburse such Issuing Lender no later than 3:00 p.m. New York City time on such Business Day for the Unreimbursed Amount of such Letter of Credit. If the Borrower receives notice (confirmed by telephone) from an Issuing Lender of a drawing or demand for payment under a Letter of Credit at or after 12:00 p.m. (New York City time), on any Business Day, the Borrower shall so reimburse the applicable Issuing Lender no later than 3:00 p.m., New York City time, on the Business Day immediately following the Business Day upon which such notice was received by the Borrower. Such reimbursement shall be made directly to the applicable Issuing Lender at its Applicable Lending Office in immediately available funds in U.S. Dollars, in an amount equal to (i) the amount so paid by such Issuing Lender in connection with such drawing or payment and (ii) any taxes and any reasonable fees, charges or other costs or expenses incurred in by such Issuing Lender (such amount prior to being reimbursed by the Borrower, the "Unreimbursed Amount").

Reimbursement Obligations of the Borrower. (a) Upon receipt by the relevant Issuing Lender from the beneficiary of any Letter of Credit of any notice of a drawing or demand for payment under such Letter of Credit, the applicable such Issuing Lender shall promptly notify the Borrower and the Administrative Agent thereof. If the Borrower receives notice (confirmed by telephone) from an such Issuing Lender of a drawing or demand for payment under a Letter of Credit prior to 12:00 1:00 p.m. (New York City time), on any Business Day, the Borrower shall reimburse such Issuing Lender no later than 3:00 p.m. New York City time on such Business Day for the Unreimbursed Amount of such Letter of Credit. If the Borrower receives notice (confirmed by telephone) from an such Issuing Lender of a drawing or demand for payment under a Letter of Credit at or after 12:00 1:00 p.m. (New York City time), on any Business Day, the Borrower shall so reimburse the applicable such Issuing Lender no later than 3:00 p.m., New York City time, on the Business Day immediately following the Business Day upon which such notice was received by the Borrower. Such reimbursement shall be made directly to the applicable such Issuing Lender at its Applicable Lending Office in immediately available funds in U.S. Dollars, in an amount in United Stated Dollars equal to (i) the amount so paid by such Issuing Lender in connection with such drawing or payment and (ii) any taxes Non-Excluded Taxes and any reasonable fees, charges or other costs or expenses incurred in by such Issuing Lender at its Applicable Lending Office in immediately available funds (such amount prior to being that has not been reimbursed by the BorrowerBorrower being, the "“Unreimbursed Amount"”).

Reimbursement Obligations of the Borrower. (a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing or demand for payment under such Letter of Credit, the applicable Issuing Lender shall promptly notify the Borrower and the Administrative Agent thereof. Such Issuing Lender shall also give the Administrative Agent prompt notice of receipt of a request for a Reducing LC Payment. If the Borrower receives obtains written notice (confirmed by telephone) from an any Issuing Lender of a drawing or demand for payment under a Letter of Credit prior to 12:00 p.m. (New York City time), on any Business Day, the Borrower shall reimburse such Issuing Lender for the Unreimbursed Amount of such Credit no later than 3:00 p.m. New York City time on such Business Day for the Unreimbursed Amount of such Letter of Credit. If the Borrower receives notice (confirmed by telephone) from an Issuing Lender of a drawing or demand for payment under a Letter of Credit at or after 12:00 p.m. (New York City time), on any Business Day, the Borrower shall so reimburse the applicable Issuing Lender no later than 3:00 p.m., New York City time, on the Business Day immediately following the Business Day upon which such notice was received by the Borrower. Such reimbursement The Borrower shall reimburse the applicable Issuing Lender no later than 3:00 p.m. New York City time on the day such Issuing Lender makes a Reducing LC Payment for the Unreimbursed Amount of such Reducing LC Payment. Each of the foregoing reimbursements shall be made directly to the applicable Issuing Lender at its Applicable Lending Office in immediately available funds in U.S. Dollars, in an amount equal to (i) the amount so paid by such Issuing Lender in connection with such drawing drawing, payment or payment request for Reducing LC Payment and (ii) any taxes and any reasonable fees, charges or other costs or expenses incurred in by such Issuing Lender (each such amount prior to being that has not been reimbursed by the BorrowerBorrower being, the "an “Unreimbursed Amount"”).

Reimbursement Obligations of the Borrower. (a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing or demand for payment under such Letter of Credit, the applicable Issuing Lender of such Letter of Credit shall promptly notify the Borrower and the Administrative Agent thereof. If the Borrower receives notice (confirmed by telephone) from an such Issuing Lender of a drawing or demand for payment under a Letter of Credit prior to 12:00 p.m. 11:00 a.m. (New York City time), on any Business Day, the Borrower shall reimburse such Issuing Lender no later than 3:00 p.m. New York City time on such Business Day for the Unreimbursed Amount of such Letter of Credit. If the Borrower receives notice (confirmed by telephone) from an such Issuing Lender of a drawing or demand for payment under a Letter of Credit at or after 12:00 p.m. 11:00 a.m. (New York City time), on any Business Day, the Borrower shall so reimburse the applicable such Issuing Lender no later than 3:00 p.m., New York City time, on the Business Day immediately following the Business Day upon which such notice was received by the Borrower; provided that, the Borrower may reimburse such Issuing Lender with the proceeds of Revolving Credit Loans, Daylight Overdraft Loans or Swing Line Loans made pursuant to Section 2.4 or with proceeds from any other source. Such reimbursement shall be made directly to the applicable such Issuing Lender at its Applicable Lending Office in immediately available funds in U.S. Dollars, in an amount equal to (i) the amount so paid by such Issuing Lender in connection with such drawing or payment and (ii) any taxes Non-Excluded Taxes and any reasonable fees, charges or other costs or expenses incurred in by such Issuing Lender at its Applicable Lending Office in immediately available funds (such amount prior to being that has not been reimbursed by the BorrowerBorrower being, the "“Unreimbursed Amount"”).

Reimbursement Obligations of the Borrower. (a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing or demand for payment under such Letter of Credit, the applicable Issuing Lender of such Letter of Credit shall promptly notify the Borrower and the Administrative Agent thereof. If the Borrower receives notice (confirmed by telephone) from an such Issuing Lender of a drawing or demand for payment under a Letter of Credit prior to 12:00 p.m. 11:00 a.m. (New York City time), on any Business Day, the Borrower shall reimburse such Issuing Lender no later than 3:00 p.m. New York City time on such Business Day for the Unreimbursed Amount of such Letter of Credit. If the Borrower receives notice (confirmed by telephone) from an such Issuing Lender of a drawing or demand for payment under a Letter of Credit at or after 12:00 p.m. 11:00 a.m. (New York City time), on any Business Day, the Borrower shall so reimburse the applicable such Issuing Lender no later than 3:00 p.m., New York City time, on the Business Day immediately following the Business Day upon which such notice was received by the Borrower. Such reimbursement shall be made directly to the applicable such Issuing Lender at its Applicable Lending Office in immediately available funds in U.S. Dollars, in an amount equal to (i) the amount so paid by such Issuing Lender in connection with such drawing or payment and (ii) any taxes and any reasonable fees, charges or other costs or expenses incurred in by such Issuing Lender at its Applicable Lending Office in United States Dollars and in immediately available funds (such amount prior to being that has not been reimbursed by the BorrowerBorrower being, the "“Unreimbursed Amount"”).