Common use of Repayment of Participation Advances Clause in Contracts

Repayment of Participation Advances. 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share of such funds, except the Administrative Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 If the Administrative Agent is required at any time to return to any Loan Party, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of the payments made by any Loan Party to the Administrative Agent pursuant to Section 2.8.4.1 in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENT

Repayment of Participation Advances. 2.8.4.1 (a) Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the US Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank Revolving Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankRevolving Lender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share Lender’s Commitment Percentage of such funds, except the Administrative Agent shall retain the amount of the Ratable Share Commitment Percentage of such funds of any Bank Revolving Lender that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 (b) If the Administrative Agent is required at any time to return to any Loan PartyBorrower, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceedinginsolvency proceeding, any portion of the payments made by any Loan Party US Borrowers to the Administrative Agent pursuant to Section 2.8.4.1 2.13(a) in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank Revolving Lender shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share Commitment Percentage of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENTOpen Rate.

Repayment of Participation Advances. 2.8.4.1 (a) Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers (i) in reimbursement of any payment made by the Administrative Agent Issuer as Issuer under the Letter of Credit with respect to which any Bank Revolving Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Issuer or Agent under such a Letter of Credit, the Administrative Agent will pay to each BankRevolving Lender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share Revolving Lender’s Revolving Commitment Percentage of such funds, except the Administrative Agent shall retain the amount of the Ratable Share Revolving Commitment Percentage of such funds of any Bank Revolving Lender that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 (b) If the Administrative Issuer or Agent is required at any time to return to any Loan PartyBorrower, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceedinginsolvency proceeding, any portion of the payments made by any Loan Party Borrowers to the Administrative Issuer or Agent pursuant to Section 2.8.4.1 2.13(a) in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank Revolving Lender shall, on demand of the Administrative Agent, forthwith return to the Administrative Issuer or Agent the amount of its Ratable Share Revolving Commitment Percentage of any amounts so returned by the Administrative Issuer or Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENTRate.

Repayment of Participation Advances. 2.8.4.1 (a) Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share Lender’s Commitment Percentage of such funds, except the Administrative Agent shall retain the amount of the Ratable Share Commitment Percentage of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 (b) If the Administrative Agent is required at any time to return to any Loan PartyBorrower, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceedinginsolvency proceeding, any portion of the payments made by any Loan Party Borrower to the Administrative Agent pursuant to Section 2.8.4.1 2.13(a) in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank Lender shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share Commitment Percentage of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENTRate.

Repayment of Participation Advances. 2.8.4.1 2.10.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers Borrower (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's Ratable Share of such funds, except the Administrative Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 2.10.4.2 If the Administrative Agent is required at any time to return to any Loan Party, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of the payments made by any Loan Party to the Administrative Agent pursuant to Section 2.8.4.1 2.10.4.1 in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENT.

Repayment of Participation Advances. 2.8.4.1 (a) Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such BankLender's Ratable Share Commitment Percentage of such funds, except the Administrative Agent shall retain the amount of the Ratable Share Commitment Percentage of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 (b) If the Administrative Agent is required at any time to return to any Loan PartyBorrower, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceedinginsolvency proceeding, any portion of the payments made by any Loan Party Borrower to the Administrative Agent pursuant to Section 2.8.4.1 2.8.5 (a) in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank Lender shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share Commitment Percentage of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENT.

Repayment of Participation Advances. 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's ’s Ratable Share of such funds, except the Administrative Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 If the Administrative Agent is required at any time to return to any Loan Party, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of the payments made by any Loan Party to the Administrative Agent pursuant to Section 2.8.4.1 in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENT.

Repayment of Participation Advances. 2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers Borrower (i) in reimbursement of any payment made by the Administrative Agent under the Letter of Credit with respect to which any Bank has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each Bank, in the same funds as those received by the Administrative Agent, the amount of such Bank's ’s Ratable Share of such funds, except the Administrative Agent shall retain the amount of the Ratable Share of such funds of any Bank that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 If the Administrative Agent is required at any time to return to any Loan Party, or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of the payments made by any Loan Party to the Administrative Agent pursuant to Section 2.8.4.1 in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from time to time. CREDIT AGREEMENT.

Repayment of Participation Advances. 2.8.4.1 (a) Upon (and only upon) receipt by the Administrative Agent for its account of immediately available funds from the Borrowers MSI or MSUK, as applicable (i) in reimbursement of any payment made by the Administrative Agent under the any Letter of Credit with respect to which any Bank Lender has made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment made by the Administrative Agent under such a Letter of Credit, the Administrative Agent will pay to each BankLender, in the same funds as those received by the Administrative Agent, the amount of such BankLender's Ratable Share of such funds, except the Administrative Agent shall retain the amount of the Ratable Share of such funds of any Bank Lender that did not make a Participation Advance in respect of such payment by Administrative Agent. 2.8.4.2 (b) If the Administrative Agent is required at any time to return to any Loan PartyMSI, MSUK or to a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any portion of the payments made by any Loan Party MSI or MSUK to the Administrative Agent pursuant to Section 2.8.4.1 2.16(a) in reimbursement of a payment made under the Letter of Credit or interest or fee thereon, each Bank Lender shall, on demand of the Administrative Agent, forthwith return to the Administrative Agent the amount of its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from the date such demand is made to the date such amounts are returned by such Bank Lender to the Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate (for amounts in Dollars) and the applicable Revolving Interest Rate (for amounts in Pounds Sterling) in effect from time to time. CREDIT AGREEMENT, in each case for such period(s) as selected by the Agent.