Common use of Reimbursement of Payments Under Letters of Credit Clause in Contracts

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 can be satisfied, Borrower may request a Borrowing of Loans to ------------ reimburse Issuing Lender for such payment pursuant to Section 2.02, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 3 contracts

Samples: Credit Agreement (Quantum Corp /De/), Credit Agreement (California Pizza Kitchen Inc), Credit Agreement (Quantum Corp /De/)

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Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 4 can be satisfied, Borrower may request a Borrowing of Loans to ------------ reimburse Issuing Lender for such payment pursuant to on or before the date thereof by complying with Section 2.02, or, failing ------------ to make such request, or Borrower shall be may allow a deemed to have requested a Borrowing of Loans which are Base Rate Loans to take place on such payment date pursuant to subsection (e) below.

Appears in 3 contracts

Samples: Credit Agreement (Stater Bros Holdings Inc), Credit Agreement (Stater Bros Holdings Inc), Credit Agreement (Teledyne Technologies Inc)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 can be satisfied, Borrower may request a Borrowing of Loans to ------------ reimburse Issuing Lender for such payment pursuant to Section 2.02, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 2 contracts

Samples: Credit Agreement (Quantum Corp /De/), Credit Agreement (Insituform Technologies Inc)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 4.2 can be satisfied, Borrower may request a Borrowing of Loans pursuant to ------------ Section 2.2 to reimburse Issuing Lender for such payment pursuant to Section 2.02payment, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 2 contracts

Samples: Credit Agreement (Wireless Facilities Inc), Credit Agreement (Wireless Facilities Inc)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 4.2 can be satisfied, Borrower may request a Borrowing of Loans a Revolving Loan to ------------ reimburse Issuing Lender for such payment pursuant to Section 2.022.3, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Security Agreement (Epicor Software Corp)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 IV can be satisfied, Borrower may request a Borrowing of Committed Loans ---------- to ------------ reimburse Issuing Lender for such payment pursuant to on or before the date thereof by complying with Section 2.02, or, failing ------------ to make such request, or Borrower shall be may allow a deemed to have requested a Borrowing of ------------ Committed Loans which are Base Rate Loans to take place on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Flir Systems Inc)

Reimbursement of Payments Under Letters of Credit. Borrower The Company shall reimburse Issuing Lender Bank through Administrative Agent for any payment that Issuing Lender Bank makes under a Letter of Credit on or before the date of such payment; provided, however, that if if, during the Availability Period, the conditions precedent set forth in -------- ------- Section 4.02 4 can be satisfied, Borrower the Company may request a Borrowing of Loans to ------------ reimburse Issuing Lender Bank for such payment pursuant to on or before the date thereof by complying with Section 2.022.1, or, failing ------------ to make such request, Borrower shall be or the Company may allow a deemed to have requested a Borrowing of Loans which are Base Rate Loans to take place on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Oneok Inc /New/)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 can be satisfied, Borrower may request a Borrowing of Loans a Revolving Loan to ------------ reimburse Issuing Lender for such payment pursuant to Section 2.02, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Quantum Corp /De/)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 Article 4 can be satisfied, Borrower may request a Borrowing of Committed Loans to ------------ reimburse Issuing Lender for such payment pursuant to on or before the date thereof by complying with Section 2.02, or, failing ------------ to make such request, or Borrower shall be may allow a deemed to have requested a Borrowing of Committed Loans which are Base Rate Loans to take place on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Landrys Restaurants Inc)

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Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before no later than the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 4 can be satisfied, Borrower may request a Borrowing of Loans to ------------ reimburse Issuing Lender for such payment pursuant to on or before the date thereof by complying with Section 2.02, or, failing ------------ to make such request, or Borrower shall be may allow a deemed to have requested a Borrowing of Loans which are Base Rate Loans to take place on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Teledyne Technologies Inc)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 can be satisfied, Borrower may request a Borrowing of Loans to ------------ reimburse Issuing Lender for such payment pursuant to Section 2.022.03, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Quantum Corp /De/)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 4.2 can be satisfied, Borrower may request a Borrowing of Loans a Revolving Loan pursuant to ------------ Section 2.2 to reimburse Issuing Lender for such payment pursuant to Section 2.02payment, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: First Lien Credit Agreement (Kratos Defense & Security Solutions, Inc.)

Reimbursement of Payments Under Letters of Credit. Borrower Borrowers shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 4 can be satisfied, Borrower Borrowers may request a Borrowing of Committed Loans to ------------ reimburse Issuing Lender for such payment pursuant to on or before the date thereof by complying with Section 2.02, or, failing ------------ to make such request, Borrower shall be or Borrowers may allow a deemed to have requested a Borrowing of Committed Loans which are Base Rate Loans to take place on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Apartment Investment & Management Co)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Issuing Lender through Administrative Agent for any payment that Issuing Lender makes under a Letter of Credit on or before the date of such payment; provided, however, that if the conditions precedent set forth in -------- ------- Section 4.02 4.2 can be satisfied, Borrower may request a Borrowing of Loans to ------------ reimburse Issuing Lender for such payment pursuant to Section 2.022.3, or, failing ------------ to make such request, Borrower shall be deemed to have requested a Borrowing of Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Epicor Software Corp)

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