Common use of Reimbursement Obligations of the Borrowers Clause in Contracts

Reimbursement Obligations of the Borrowers. In order to induce the Issuing Lender to issue, extend and renew Letters of Credit and the Lenders to participate therein, the Borrowers hereby jointly and severally agree to reimburse or pay to the Issuing Lender with respect to each Letter of Credit issued, extended or renewed by the Issuing Lender hereunder as follows: (a) if any draft presented under any Letter of Credit is honored by the Issuing Lender or the Issuing Lender otherwise makes payment with respect thereto, the sum of (i) the amount paid by the Issuing Lender under or with respect to such Letter of Credit plus (ii) the amount of any taxes, fees, charges or other costs and expenses whatsoever incurred by the Issuing Lender in connection with any payment made by the Issuing Lender under, or with respect to, such Letter of Credit, provided however, if the Borrowers do not reimburse the Issuing Lender on the Drawdown Date, such amount shall, so long as no Event of Default under §§13.1(g) or 13.1(h) has occurred, become automatically a Revolving Credit Loan which is a Base Rate Loan advanced hereunder in an amount equal to such sum; (b) upon the reduction (but not termination) of the Total Commitment to an amount less than the Maximum Drawing Amount, an amount equal to such difference, which amount shall be held by the Administrative Agent for the benefit of the Lenders and the Administrative Agent as cash collateral for all Reimbursement Obligations of the Borrowers; (c) upon the Revolving Credit Maturity Date, the termination of the Total Commitment or the acceleration of the Reimbursement Obligations with respect to all Letters of Credit in accordance with §13, an amount equal to the then Maximum Drawing Amount of all Letters of Credit shall be paid by the Borrowers to the Administrative Agent to be held as cash collateral for the Reimbursement Obligations of the Borrowers; and (d) the Borrowers promise to pay on the Revolving Credit Maturity Date all Unpaid Reimbursement Obligations on such date relating to Letters of Credit. All such payments shall be made together with any and all accrued and unpaid interest thereon and any fees and other amounts owing hereunder. Each such payment shall be made to the Administrative Agent at the Administrative Agent’s Office in immediately available funds. Interest on any and all amounts remaining unpaid by the Borrowers under this §3.2 at any time from the date such amounts become due and payable (whether as stated in this §3.2, by acceleration or otherwise) until payment in full (whether before or after judgment) shall be payable to the Administrative Agent on demand at the rate of interest specified in §5.6 for overdue amounts.

Reimbursement Obligations of the Borrowers. In order to induce the Issuing Lender Administrative Agent to issue, extend and renew Letters each Letter of Credit and the Lenders to participate therein, the Borrowers hereby jointly and severally agree to reimburse or pay to the Issuing Lender Administrative Agent, for the account of the Administrative Agent or (as the case may be) the Lenders, with respect to each Letter of Credit issued, extended or renewed by the Issuing Lender hereunder as follows:Administrative Agent hereunder, (a) if except as otherwise expressly provided in Section 6.2(b) and (c), on each date that any draft presented under any such Letter of Credit is honored by the Issuing Lender Administrative Agent, or the Issuing Lender Administrative Agent otherwise makes a payment with respect thereto, the sum of (i) the amount paid by the Issuing Lender Administrative Agent under or with respect to such Letter of Credit plus Credit, and (ii) the amount of any taxes, fees, charges or other costs and expenses whatsoever incurred by the Issuing Administrative Agent or any Lender in connection with any payment made by the Issuing Administrative Agent or any Lender under, or with respect to, such Letter of Credit, provided however, if the Borrowers do not reimburse the Issuing Lender on the Drawdown Date, such amount shall, so long as no Event of Default under §§13.1(g) or 13.1(h) has occurred, become automatically a Revolving Credit Loan which is a Base Rate Loan advanced hereunder in an amount equal to such sum;, (b) upon the reduction (but not termination) of the Total Revolving Credit Commitment to an amount less than the Maximum Drawing Amount, an amount equal to such difference, which amount shall be held by the Administrative Agent for the benefit of the Lenders and the Administrative Agent as cash collateral for all Reimbursement Obligations of the Borrowers;Obligations, and (c) upon the Revolving Credit Maturity Date, the termination of the Total Commitment Revolving Credit Commitment, or the acceleration of the Reimbursement Obligations with respect to all Letters of Credit in accordance with §13Section 15, an amount equal to the then Maximum Drawing Amount of on all Letters of Credit Credit, which amount shall be paid held by the Borrowers to the Administrative Agent to be held for the benefit of the Lenders and the Administrative Agent as cash collateral for the all Reimbursement Obligations of the Borrowers; and (d) the Borrowers promise to pay on the Revolving Credit Maturity Date all Unpaid Reimbursement Obligations on such date relating to Letters of Credit. All such payments shall be made together with any and all accrued and unpaid interest thereon and any fees and other amounts owing hereunderObligations. Each such payment shall be made to the Administrative Agent at the Administrative Agent’s 's Office in immediately available funds. Interest on any and all amounts remaining unpaid by the Borrowers under this §3.2 Section 6.2 at any time from the date such amounts become due and payable (whether as stated in this §3.2Section 6.2, by acceleration or otherwise) until payment in full (whether before or after judgment) shall be payable to the Administrative Agent on demand at the rate of interest specified in §5.6 Section 7.11 for overdue amountsprincipal on the Revolving Credit Loans.

Reimbursement Obligations of the Borrowers. In order to induce the Issuing Lender to issue, extend and renew Letters of Credit and the Lenders to participate therein, the Borrowers hereby jointly and severally agree to reimburse or pay to the Issuing Lender with respect to each Letter of Credit issued, extended or renewed by the Issuing Lender hereunder as follows: (a) if any draft presented under any Letter of Credit is honored by the Issuing Lender or the Issuing Lender otherwise makes payment with respect thereto, the sum of (i) the amount paid by the Issuing Lender under or with respect to such Letter of Credit plus PLUS (ii) the amount of any taxes, fees, charges or other costs and expenses whatsoever incurred by the Issuing Lender in connection with any payment made by the Issuing Lender under, or with respect to, such Letter of Credit, provided howeverPROVIDED HOWEVER, if the Borrowers do not reimburse the Issuing Lender on the Drawdown Date, such amount shall, so long as no Event of Default under §§13.1(gss.ss.13.1(g) or 13.1(h) has occurred, become automatically a Revolving Credit CreDIt Loan which is a Base Rate Loan advanced hereunder in an amount equal to such sum; (b) upon the reduction (but not termination) of the Total Commitment to an amount less than the Maximum Drawing Amount, an amount equal to such difference, which amount shall be held by the Administrative Agent for the benefit of the Lenders and the Administrative Agent as cash collateral for all Reimbursement Obligations of the Borrowers; (c) upon the Revolving Credit Maturity Date, the termination of the Total Commitment or the acceleration of the Reimbursement Obligations with respect to all Letters of Credit in accordance with §13ss.13, an amount equal to the then Maximum Drawing Amount of all Letters of Credit shall be paid by bY the Borrowers to the Administrative Agent to be held as cash collateral for the Reimbursement Obligations of the Borrowers; and (d) the Borrowers promise to pay on the Revolving Credit Maturity Date all Unpaid Reimbursement Obligations on such date relating to Letters of Credit. All such payments shall be made together with any and all accrued and unpaid interest thereon and any fees and other amounts owing hereunder. Each such payment shall be made to the Administrative Agent at the Administrative Agent’s Office in immediately available funds. Interest on any and all amounts remaining unpaid by the Borrowers under this §3.2 at any time from the date such amounts become due and payable (whether as stated in this §3.2, by acceleration or otherwise) until payment in full (whether before or after judgment) shall be payable to the Administrative Agent on demand at the rate of interest specified in §5.6 for overdue amounts.

Reimbursement Obligations of the Borrowers. In order to induce the Issuing Lender Administrative Agent to issue, extend and renew Letters each Letter of Credit and the Lenders to participate therein, the Borrowers hereby jointly and severally agree to reimburse or pay to the Issuing Lender Administrative Agent, for the account of the Administrative Agent or (as the case may be) the Lenders, with respect to each Letter of Credit issued, extended or renewed by the Issuing Lender hereunder as follows:Administrative Agent hereunder, (a) if except as otherwise expressly provided in §5.2(b) and (c), on each date that any draft presented under any such Letter of Credit is honored by the Issuing Lender Administrative Agent, or the Issuing Lender Administrative Agent otherwise makes a payment with respect thereto, the sum of (i) the amount paid by the Issuing Lender Administrative Agent under or with respect to such Letter of Credit plus Credit, and (ii) the amount of any taxes, fees, charges or other costs and expenses whatsoever incurred by the Issuing Administrative Agent or any Lender in connection with any payment made by the Issuing Administrative Agent or any Lender under, or with respect to, such Letter of Credit, provided however, if the Borrowers do not reimburse the Issuing Lender on the Drawdown Date, such amount shall, so long as no Event of Default under §§13.1(g) or 13.1(h) has occurred, become automatically a Revolving Credit Loan which is a Base Rate Loan advanced hereunder in an amount equal to such sum;, (b) upon the reduction (but not termination) of the Total Revolving Credit Commitment to an amount less than the Maximum Drawing Amount, an amount equal to such difference, which amount shall be held by the Administrative Agent for the benefit of the Lenders and the Administrative Agent as cash collateral for all Reimbursement Obligations of the Borrowers;Obligations, and (c) upon the Revolving Credit Maturity Date, the termination of the Total Commitment Revolving Credit Commitment, or the acceleration of the Reimbursement Obligations with respect to all Letters of Credit in accordance with §1314, an amount equal to the then Maximum Drawing Amount of on all Letters of Credit Credit, which amount shall be paid held by the Borrowers to the Administrative Agent to be held for the benefit of the Lenders and the Administrative Agent as cash collateral for the all Reimbursement Obligations of the Borrowers; and (d) the Borrowers promise to pay on the Revolving Credit Maturity Date all Unpaid Reimbursement Obligations on such date relating to Letters of Credit. All such payments shall be made together with any and all accrued and unpaid interest thereon and any fees and other amounts owing hereunderObligations. Each such payment shall be made to the Administrative Agent at the Administrative Agent’s Office in immediately available funds. Interest on any and all amounts remaining unpaid by the Borrowers under this §3.2 5.2 at any time from the date such amounts become due and payable (whether as stated in this §3.25.2, by acceleration or otherwise) until payment in full (whether before or after judgment) shall be payable to the Administrative Agent on demand at the rate of interest specified in §5.6 6.10 for overdue amountsprincipal on the Revolving Credit Loans.

Reimbursement Obligations of the Borrowers. In order to induce the Issuing Lender Administrative Agent to issue, extend and renew Letters each Letter of Credit and the Lenders to participate therein, the Borrowers hereby jointly and severally agree to reimburse or pay to the Issuing Lender Administrative Agent, for the account of the Administrative Agent or (as the case may be) the Lenders, with respect to each Letter of Credit issued, extended or renewed by the Issuing Lender hereunder as follows:Administrative Agent hereunder, (a) if except as otherwise expressly provided in §5.2(b) and (c), on each date that any draft presented under any such Letter of Credit is honored by the Issuing Lender Administrative Agent, or the Issuing Lender Administrative Agent otherwise makes a payment with respect thereto, the sum of (i) the amount paid by the Issuing Lender Administrative Agent under or with respect to such Letter of Credit plus Credit, and (ii) the amount of any taxes, fees, charges or other costs and expenses whatsoever incurred by the Issuing Administrative Agent or any Lender in connection with any payment made by the Issuing Administrative Agent or any Lender under, or with respect to, such Letter of Credit, provided however, if the Borrowers do not reimburse the Issuing Lender on the Drawdown Date, such amount shall, so long as no Event of Default under §§13.1(g) or 13.1(h) has occurred, become automatically a Revolving Credit Loan which is a Base Rate Loan advanced hereunder in an amount equal to such sum;, (b) upon the reduction (but not termination) of the Total Revolving Credit Commitment to an amount less than the Maximum Drawing Amount, an amount equal to such difference, which amount shall be held by the Administrative Agent for the benefit of the Lenders and the Administrative Agent Secured Parties as cash collateral for all Reimbursement Obligations of the Borrowers;Obligations, and (c) upon the Revolving Credit Maturity Date, the termination of the Total Commitment Revolving Credit Commitment, or the acceleration of the Reimbursement Obligations with respect to all Letters of Credit in accordance with §1314, an amount equal to the then Maximum Drawing Amount of on all Letters of Credit Credit, which amount shall be paid held by the Borrowers to the Administrative Agent to be held for the benefit of the Secured Parties as cash collateral for the all Reimbursement Obligations of the Borrowers; and (d) the Borrowers promise to pay on the Revolving Credit Maturity Date all Unpaid Reimbursement Obligations on such date relating to Letters of Credit. All such payments shall be made together with any and all accrued and unpaid interest thereon and any fees and other amounts owing hereunderObligations. Each such payment shall be made to the Administrative Agent at the Administrative Agent’s Office in immediately available funds. Interest on any and all amounts remaining unpaid by the Borrowers under this §3.2 5.2 at any time from the date such amounts become due and payable (whether as stated in this §3.25.2, by acceleration or otherwise) until payment in full (whether before or after judgment) shall be payable to the Administrative Agent on demand at the rate of interest specified in §5.6 6.10 for overdue amountsprincipal on the Revolving Credit Loans.