Reimbursements of Amounts Drawn Sample Clauses

Reimbursements of Amounts Drawn. (a) At or before 11:00 a.m. (Toronto time) on the date specified by a Beneficiary as a drawing date under a Documentary Credit, the Borrower shall pay to the Documentary Credit Lender an amount in same day funds equal to the amount to be drawn by the Beneficiary under the Documentary Credit.
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Reimbursements of Amounts Drawn. If the Borrower fails to pay to the Lender the amount drawn under any Documentary Credit, the unpaid amount due and payable shall be converted automatically as of such date, and without the Borrower having to give any Borrowing Notice pursuant to Section 3.2, to (i) a Canadian Prime Rate Advance, in the case of a Documentary Credit denominated in Canadian Dollars, and (ii) a Base Rate (Canada) Advance, in the case of a Documentary Credit denominated in U.S. Dollars, in each case under the Operating Facility.
Sample 1
Reimbursements of Amounts Drawn. (1) At or before 10:00 a.m. (Toronto time) on the earlier of (i) the date of any payment by the Issuing Lender under a Letter of Credit; and (ii) the last day of the Term of the Revolving Facility, the Borrower shall pay to the Issuing Lender, through the Administrative Agent, an amount in same day funds equal to the amount to be drawn by the Beneficiary in Canadian Dollars or US Dollars.
Sample 1
Reimbursements of Amounts Drawn. (1) At or before 10:00 a.m. (Toronto time) on the earlier of (i) the date specified by a beneficiary thereof (a "BENEFICIARY") as a drawing date under a Letter of Credit; and (ii) the last day of the Term of Facility A, the Borrower shall pay to the Issuing Lender an amount in same day funds equal to the amount to be drawn by the Beneficiary in Canadian Dollars.
Sample 1
Reimbursements of Amounts Drawn. (1) At or before 10:00 a.m. (Toronto time) on the date specified by a Beneficiary as a drawing date under a Documentary Credit, SGC shall pay to the Documentary Credit Lender an amount in same day funds equal to the amount to be drawn by the Beneficiary in the currency in which the Documentary Credit is payable.
Sample 1
Reimbursements of Amounts Drawn. (1) At or before 10:00 a.m. (Toronto time) on the date specified by a Beneficiary as a drawing date under a Documentary Credit, subject to the next following sentence, the Borrower shall pay to the Documentary Credit Lender an amount in same day funds equal to the amount to be drawn by the Beneficiary in the currency in which the Documentary Credit is payable (the "Amount Drawn"). To the extent that amounts are held by the Administrative Agent in the Documentary Credit Account pursuant to Section 5.07(1) or Section 5.07(2) in respect of such Documentary Credit, the Administrative Agent shall pay the Amount Drawn to the Documentary Credit Lender at or before 10:00 a.m. (Toronto time) on the date specified by the Beneficiary as a drawing under such Documentary Credit.
Sample 1
Reimbursements of Amounts Drawn. Upon notice from the Issue Lender of any drawing under any Letter of Credit, the Agent shall notify the Borrower of such drawing not later than 11:00 a.m. (Toronto time) on the Business Day immediately prior to the date on which the Issue Lender intends to honour such drawing, provided that the Agent's failure to notify the Borrower shall not affect the obligations of the Borrower hereunder. The Borrower will be deemed to have concurrently given a Notice of Borrowing to the Agent pursuant to Section 3.2 for (i) a Canadian Prime Rate Advance, in the case of a Letter of Credit denominated in Canadian Dollars, and (ii) a Base Rate (Canada) Advance, in the case of a Letter of Credit denominated in U.S. Dollars, in each case, in the amount of and at the time of such drawing, which Advances shall not be subject to the conditions set forth in Section 6.2. The proceeds of such Advances shall be applied directly by the Agent to reimburse the Issue Lender for the amount of such drawing.
Sample 1
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Related to Reimbursements of Amounts Drawn

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

  • Payment of Amounts Drawn Under Letters of Credit In the event of any request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Bank shall notify the Applicable Borrower and the Administrative Agent on or before the date on which such Issuing Bank intends to honor such drawing, and the Applicable Borrower shall reimburse such Issuing Bank on the day on which such drawing is honored in an amount in same day funds equal to the amount of and in the same currency as such drawing; provided that, anything contained in this Agreement to the contrary notwithstanding, (i) unless the Applicable Borrower shall have notified the Administrative Agent and such Issuing Bank prior to Noon (New York time) on the Business Day of the date of such drawing that the Applicable Borrower intends to reimburse such Issuing Bank for the amount of such drawing with funds other than the proceeds of Revolving Loans, the Applicable Borrower shall be deemed to have timely given a Notice of Borrowing to the Administrative Agent requesting the Banks having Revolving Loan Commitments to make Revolving Loans that are Base Rate Loans on the Business Day following the date on which such drawing is honored in an amount equal to the Dollar Equivalent amount of such drawing, and (ii) the Banks shall, on the date of such drawing, make Revolving Loans that are Base Rate Loans in the amount of such drawing, the proceeds of which shall be applied directly by the Administrative Agent to reimburse such Issuing Bank for the Dollar Equivalent amount of such drawing; and further provided that if, for any reason, proceeds of Revolving Loans are not received by such Issuing Bank on such date in an amount equal to the amount of such drawing, such Issuing Bank shall be entitled to reimbursement in accordance with Section 1.04, on the Business Day (which shall be a business day under the laws of the jurisdiction of such Issuing Bank) immediately following the date of such drawing, in an amount in same day funds equal to the excess of the amount of such drawing over the amount of such Revolving Loans, if any, that are so received, plus accrued interest on such amount at the rate set forth in Section 1.13(f)(1)(i).

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

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