Common use of Reimbursement of the Agent Clause in Contracts

Reimbursement of the Agent. In the event that any drawing shall be made under any Fronted Letter of Credit issued under this Section 3.9: (i) the applicable Fronting Lender shall promptly notify the Agent who shall promptly notify the Borrower of such payment and of the amount thereof; (ii) the Borrower shall pay to the Agent for the account of such Fronting Lender the amount of any such drawing on the date of such drawing, failing which the payment by such Fronting Lender of such drawing shall constitute the making of a Cdn. Prime Loan or U.S. Base Rate Loan, as applicable, to the Borrower by each Lender according to the Lender's Proportion of such Lender of such amount (without limiting each Lender's obligations to such Fronting Lender, including under Section 3.9(c)); (iii) the Agent shall notify each Lender by telecopier or by telephone (confirmed by telecopier) of such drawing; and (iv) immediately upon receipt of such notice, each Lender shall make such Lender's Lender's Proportion of such amount in Cdn. Dollars or U.S. Dollars, as applicable, available to the Agent for the account of the applicable Fronting Lender by wire transfer of immediately available funds to the Agent's Account for Payments for the account of such Fronting Lender.

Reimbursement of the Agent. In the event that any drawing shall be made under any Fronted Letter of Credit issued under this Section 3.93.8: (i) the applicable Fronting Lender shall promptly notify the Agent who shall promptly notify the Borrower of such payment and of the amount thereof; (ii) the Borrower shall pay to the Agent for the account of such Fronting Lender the amount of any such drawing on the date of such drawing, failing which the payment by such Fronting Lender of such drawing shall constitute the making of a Cdn. Prime Loan or U.S. Base Rate Loan, as applicable, to the Borrower by each Lender according to the Lender's Proportion of such Lender of such amount (without limiting each Lender's obligations to such Fronting Lender, including under Section 3.9(c3.8(d)); (iii) the Agent shall notify each Lender by telecopier or by telephone (confirmed by telecopier) of such drawing; and (iv) immediately upon receipt of such notice, each Lender shall make such Lender's the Lender's Proportion of such Lender of such amount in Cdn. Dollars or U.S. Dollars, as applicable, available to the Agent for the account of the applicable Fronting Lender by wire transfer of immediately available funds to the Agent's Account for Payments for the account of such Fronting Lender.

Reimbursement of the Agent. In the event that any drawing shall be made under any Fronted Letter of Credit issued under this Section 3.9: (i) the applicable Fronting Issuing Lender shall promptly notify the Agent who shall promptly notify the Borrower of such payment and of the amount thereof; (ii) the Borrower shall pay to the Agent for the account of such Fronting Issuing Lender the amount of any such drawing on the date of such drawing, failing which the payment by such Fronting the Issuing Lender of such drawing shall constitute the making of a Cdn. Prime Loan or U.S. Base Rate Loan, as applicable, to the Borrower by each Lender according to the Lender's ’s Proportion of such Lender of such amount (without limiting each Lender's ’s obligations to such Fronting the Issuing Lender, including under Section 3.9(c3.9(b)); (iii) the Agent shall notify each Lender by telecopier or by telephone (confirmed by telecopier) of such drawing; and (iv) immediately upon receipt of such notice, each Lender shall make such Lender's ’s Lender's ’s Proportion of such amount in Cdn. Dollars or U.S. Dollars, as applicable, available to the Agent for the account of the applicable Fronting Issuing Lender by wire transfer of immediately available funds to the Agent's ’s Account for Payments for the account of such Fronting the Issuing Lender.