Repayment of Participation. (a) When the Agent receives (and only if the Agent receives), for the account of the Issuing Bank, immediately available funds from the Borrowers (i) in respect of which any Acquisition Loan Lender has paid the Agent for the account of the Issuing Bank for such Lender’s participation in the Letter of Credit Advance pursuant to Section 6.3 or (ii) in payment of interest thereon, the Agent will pay to each Lender, in the same funds as those received by the Agent for the account of the Issuing Bank, the amount of such funds attributable to each such Lender and the Issuing Bank shall receive and retain the amount of such funds attributable to any Lender that did not so pay the Agent for the account of the Issuing Bank.
Repayment of Participation. (a) Upon (and only upon) receipt by the Administrative Agent for the account of the Issuing Lender of funds from the Borrower (i) in reimbursement of any payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has paid the Administrative Agent for the account of the Issuing Lender for such Lender's participation in the Letter of Credit pursuant to Section 3.03, or (ii) in payment of interest on amounts described in clause (i), the Administrative Agent will pay to each Lender, in the same funds as those received by the Administrative Agent for the account of the Issuing Lender, the amount of such Lender's Commitment Percentage of such funds, and the Issuing Lender shall receive the amount of the Commitment Percentage of such funds of any Lender that did not so pay the Administrative Agent for the account of the Issuing Lender.
Repayment of Participation. 51 3.5. Role of Issuing Lender..........................................52 3.6.
Repayment of Participation. (a) When the Agent receives (and only if the Agent receives), for the account of the Issuing Bank, immediately available funds from the Borrowers (i) in respect of which any Bank has paid the Agent for the account of the Issuing Bank for such Bank's participation in the Letter of Credit Advance pursuant to Section 6.3 or (ii) in payment of interest thereon, the Agent will pay to each Bank, in the same funds as those received by the Agent for the account of the Issuing Bank, the amount of such Bank's Pro Rata Share of such funds and the Issuing Bank shall receive and retain the amount of the Pro Rata Share of such funds of any Bank that did not so pay the Agent for the account of the Issuing Bank.
Repayment of Participation. (a) Upon (and only upon) receipt by the Administrative Agent for the account of the Issuing Lender of funds from the Borrower (i) in reimbursement of any payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has paid the Administrative Agent for the account of the Issuing Lender for such Lender's participation in the Letter of Credit pursuant to SECTION 3.3, or (ii) in payment of interest on amounts described in CLAUSE (i), the Administrative Agent will pay to each Lender, in the same funds as those received by the Administrative Agent for the account of the Issuing Lender, the amount of such Lender's Revolving Commitment Percentage of such funds, and the Issuing Lender shall receive the amount of the Revolving Commitment Percentage of such funds of any Lender that did not so pay the Administrative Agent for the account of the Issuing Lender.
Repayment of Participation. (i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender's L/C Advance in respect of such payment in accordance with Section 2.12(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's L/C Advance was outstanding) in the same funds as those received by the Administrative Agent.
Repayment of Participation. (a) When the Administrative Agent receives (and only if the Administrative Agent receives), for the account of any Issuing Bank of a Letter of Credit, immediately available funds from the Company (i) in reimbursement of any payment made by such Issuing Bank under the Letter of Credit with respect to which any Bank has paid the Administrative Agent for the account of such Issuing Bank for such Bank's participation in the Letter of Credit pursuant to Section 3.3 or (ii) in payment of interest thereon, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent for the account of such Issuing Bank, the amount of such Bank's Pro Rata Share of such funds, and the relevant Issuing Bank shall receive the amount of the Pro Rata Share of such funds of any Bank that did not so pay the Administrative Agent for the account of such Issuing Bank. If the Administrative Agent fails to send to any Bank its portion of any payment timely received by the Administrative Agent hereunder by the close of business on the day such payment is deemed received pursuant to subsection 2.16(a), the Administrative Agent shall pay to such Bank interest on its portion of such payment from the day such payment is deemed received by the Administrative Agent until the date such Bank's portion of such payment is sent to such Bank, at the Federal Funds Rate.
Repayment of Participation. (a) When the Agent receives (and only if the Agent receives), for the account of the Issuing Bank, immediately available funds from the Borrower or any Loan Party or from any proceeds of Collateral (i) in respect of which any Lender has paid the Agent for the account of the Issuing Bank for such Lender's participation in the Letter of Credit Advance pursuant to Section 4.4 or (ii) in payment of interest thereon, the Agent will pay to each Lender, in the same funds as those received by the Agent for the account of the Issuing Bank, the amount of such Lender's Pro Rata Share of such funds and the Issuing Bank shall receive and retain the amount of the Pro Rata Share of such funds of any Lender that did not so pay the Agent for the account of the Issuing Bank.
Repayment of Participation. (A) When the Agent receives (and only if the Agent receives) immediately available funds from the Borrower (i) in respect of which any Lender has paid the Agent for the account of the Agent for such Lender’s participation in the L/C Advance or (ii) in payment of interest thereon, the Agent will pay to each Lender, in the same funds as those received by the Agent for the account of the Lender as set forth in Article II of the Agreement.
Repayment of Participation. 56 Section 6.5 Role of the Issuing Bank..................................56 Section 6.6
