Common use of Reimbursement Obligations Unconditional Clause in Contracts

Reimbursement Obligations Unconditional. The obligations of the Company under this Agreement and any L/C Application to reimburse the applicable Issuing Lender for a drawing under a Letter of Credit, and to repay any L/C Borrowing and any drawing under a Letter of Credit converted into Revolving Loans, shall be absolute, unconditional and irrevocable, and shall be paid in accordance with the terms of this Agreement and each applicable L/C Application under all circumstances, including the following:

Appears in 2 contracts

Samples: Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp)

AutoNDA by SimpleDocs

Reimbursement Obligations Unconditional. The obligations of the Company under this Agreement and any L/C Application to reimburse the applicable Issuing Lender for a drawing under a Letter of Credit, and to repay any L/C Borrowing and any drawing under a Letter of Credit converted into Facility A Revolving Loans, shall be absolute, unconditional and irrevocable, and shall be paid in accordance with the terms of this Agreement and each applicable L/C Application under all circumstances, including the following:

Appears in 2 contracts

Samples: Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp)

Reimbursement Obligations Unconditional. The obligations of the Company under this Agreement and any L/C Application to reimburse the applicable Issuing Lender Bank for a drawing under a Letter of Credit, and to repay any L/C Borrowing and any drawing under a Letter of Credit converted into Revolving Loans, shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and each applicable L/C Application under all circumstances, including the following:

Appears in 1 contract

Samples: Credit Agreement (Regal Beloit Corp)

AutoNDA by SimpleDocs

Reimbursement Obligations Unconditional. The obligations of the Company under this Agreement and any L/C Application to reimburse the applicable Issuing Lender Bank for a drawing under a Letter of Credit, and to repay any L/C Borrowing and any drawing under a Letter of Credit converted into Revolving Loans, shall be absolute, unconditional and irrevocable, and shall be paid in accordance with the terms of this Agreement and each applicable L/C Application under all circumstances, including the following:

Appears in 1 contract

Samples: Assignment Agreement (Regal Beloit Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.