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

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Letter of Credit Issuer through Administrative Agent for any payment that Letter of Credit Issuer makes under a Letter of Credit on or before the date of such payment; PROVIDED that if the conditions precedent set forth in SECTION 4 can be satisfied, Borrower may request a Borrowing of Committed Loans to reimburse Letter of Credit Issuer for such payment pursuant to SECTION 2.02, or, failing to make such request, Borrower shall be deemed to have requested a Borrowing of Committed Loans which are Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Longs Drug Stores Corp)

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Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Letter of Credit Issuer Issuing Lender through Administrative Agent for any payment that Letter of Credit Issuer Issuing Lender makes under a Letter of Credit on or before the date of such payment; PROVIDED PROVIDED, HOWEVER, that if the conditions precedent set forth in SECTION 4 can be satisfied, Borrower may request a Borrowing of Committed Loans to reimburse Letter of Credit Issuer 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 (K2 Inc)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Letter of Credit Issuer Issuing Lender through Administrative Agent for any payment that Letter of Credit Issuer Issuing Lender makes under a Letter of Credit on or before the date of such payment; PROVIDED provided, however, that if the conditions precedent set forth in SECTION Section 4 can be satisfied, Borrower may request a Borrowing of Committed Loans to reimburse Letter of Credit Issuer Issuing Lender for such payment pursuant to SECTION 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 44 51 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 Borrowers shall reimburse Letter of Credit Issuer Issuing Lender through Administrative Agent for any payment that Letter of Credit Issuer Issuing Lender makes under a Letter of Credit on or before the date of such payment; PROVIDED PROVIDED, HOWEVER, that if the conditions precedent set forth in SECTION 4 4.03 can be satisfied, Borrower Borrowers may request a Borrowing of Committed Loans to reimburse Letter of Credit Issuer Issuing Lender for such payment pursuant to SECTION 2.02, or, failing to make such request, Borrower Borrowers shall be deemed to have requested a Borrowing of Committed Loans which are Base Rate Loans on such payment date pursuant to subsection (e) below.

Appears in 1 contract

Samples: Credit Agreement (Big Dog Holdings Inc)

Reimbursement of Payments Under Letters of Credit. Borrower shall reimburse Letter of Credit Issuer Issuing Lender through Administrative Agent for any payment that Letter of Credit Issuer Issuing Lender makes under a Letter of Credit on or before the date of such payment; PROVIDED provided, however, that if the conditions precedent set forth in SECTION Section 4 can be satisfied, Borrower may request a Borrowing of Committed Loans to reimburse Letter of Credit Issuer Issuing Lender for such payment pursuant to SECTION 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 (Aimco Properties Lp)

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Reimbursement of Payments Under Letters of Credit. Borrower Borrowers shall reimburse Letter of Credit Issuer Issuing Lender through Administrative Agent for any payment that Letter of Credit Issuer Issuing Lender makes under a Letter of Credit on or before the date of such payment; PROVIDED PROVIDED, HOWEVER, that if the conditions precedent set forth in SECTION 4 can be satisfied, Borrower Borrowers may request a Borrowing of Committed Loans to reimburse Letter of Credit Issuer 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 Borrowers shall reimburse Letter of Credit Issuer Issuing Lender through Administrative Agent for any payment that Letter of Credit Issuer Issuing Lender makes under a Letter of Credit on or before the date of such payment; PROVIDED provided, however, that if the conditions precedent set forth in SECTION Section 4 can be satisfied, Borrower Borrowers may request a Borrowing of Committed Loans to reimburse Letter of Credit Issuer Issuing Lender for such payment pursuant to SECTION 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.. 40

Appears in 1 contract

Samples: Credit Agreement (Aimco Properties Lp)

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